The discussion by Volker and Meltzer and answering questions from a very knowledgeable audience in this 90 minutes video convinced me that how the Fed is run depends a lot on their Ideology rather than truly knowing what their decisions has on the economy. Bernanke, Yellen, and Krugman seem to come closest to understanding how actions affect the economy. Greenspan was nearly clueless because of his Ayn Rand Ideology. Ditto Rand Paul!
Paul Offit said that the anti-vaccine movement in the United States is not followed by the masses, but by the highly educated elite who unfortunately do not understand how science works. Any scientific theory is made credible by being able to falsify it by observations and experiments and relies on facts and not speculation or faith as in religions. As I said before, the Gold Standard for verification is to being able to repeat the experiments. That is why I never believed that vaccines gave Autism to children. No one could repeat the experiments. Last year we found that the top Professor and his coworkers committed fraud.
Just because something is in print does not mean it is right or true. The way that Google works is that the most radical beliefs are reinforced by constant repetition making it page one in a search. Recently epidemics of serious diseases such as chicken pox, mumps, and various other serious diseases causing some deaths took place in affluent neighborhoods and cities such as Ashland, Oregon and near San Francisco just north of the Golden Gate bridge.
Most Americans have common sense that they got the vaccinations because the doctors told them it works. Just because they may be wrong one time in a hundred does not mean we cannot trust them. Go to the Center for Disease Control or www.CDC.gov and get the facts and not speculation based on fear.
Jim Kawakami, Feb 12, 2011, http://jimboguy.blogspot.com
Deadly Choices: How the Anti-Vaccine Movement Threatens Us All
About the Program
Paul Offit takes a broad look at the anti-vaccine movement in the United States and its consequences for children and adults. Mr. Offit spoke at the Harvard Club in New York City at an event hosted by the Manhattan Institute.
About the Authors
http://www.booktv.org/Program/12209/Deadly+Choices+How+the+AntiVaccine+Movement+Threatens+Us+All.aspx Dr. Paul Offit is Chief of the Division of Infectious Diseases and the Director of the Vaccine Education Center at the Children's Hospital of Philadelphia. Dr. Offit is also a founding advisory board member of the Autism Science Foundation. His books include "Autism's False Prophets" and "Vaccinated." For more, visit: paul-offit.com.
A History of the Federal Reserve, 1913-1986
About the Program
http://www.booktv.org/Program/12177/A+History+of+the+Federal+Reserve+19131986.aspx Allan Meltzer, political economy professor at Carnegie Mellon University presents a history of the Federal Reserve from 1913 to 1986. The author discusses his multi-volume history with Paul Volker, former chairman of the Federal Reserve during the Carter and Reagan administrations. Allan Meltzer and Paul Volker talk about the Federal Reserve and the American economy at the American Enterprise Institute in Washington, DC.
About the Authors
Alan Meltzer is a political economy professor at Carnegie Mellon University. He is the author of several books on the economy, including Keynes's Monetary Theory: A Different Interpretation.
Meltzer and former Fed Chairman Paul Volker’s tenure at the Fed discussion.