Thomas Sowell: Political pension spending hard to contain
Thomas Sowell, Creators Syndicate
Posted: Tuesday, February 19, 2013 12:00 am
Now that the federal government is playing an ever larger role in the economy, a look at Washington’s track record seems to be long overdue.
The recent release of the Federal Reserve Board’s transcripts of its deliberations back in 2007 shows that its economic prophecies were way off. How much faith should we put in the Fed’s prophecies today — or the policies based on those prophecies?
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Tuesday, February 19, 2013 12:00 am.