Donald Kohn explains the Federal Reserve's role in the economic recovery

[mkf20111]

People should be paying attention to what is happening. If we are to lose the federal reserve status, what will happen will be unbelievable people. Mayhem. Life as we know it will come to a halt and that's the truth. You can not debt your way out of debt people we a sinking and it is going to be bad.

[taineasy]

Kohn is possibly the dumbest man to ever be called an "economist". With all of his supposed knowledge he never once saw anything coming until it hit him in the face. Any economist who can not at least see/predict whats going to happen within a two year period should be considered "failed". After the fact rhetoric is meaningless tripe.