> http://www.youtube.com/watch?v=PTUY16CkS-k&feature=player_embedded
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this thing's spreading everywhere and, while there are some good criticisms
in it, its primarily an anti-government screed
it argues that the Fed sees deflation when it doesn't - its trying to forestall it, it argues that deflation's good for consumers but leaves out that deflation's bad for jobs and investment, it suggests that QE's only about deflation and that it's the only idea the Fed's got, it pulls out the CPI but then ties all sorts of things not measured by the CPI to the Fed's purported mis-reading of it and its meaning, it argues that the Fed's never done anything right, that administrators have to come from business or prior administrative experience, and... yeesh.
as always, you don't have to be a fan of the Fed to dislike the way the argument against the Fed is introduced here... the enemy of my enemy isn't always...