The GOP's Irrational War On the Fed

The GOP's Irrational War On the Fed
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Early in last nightâ??s Republican primary debate, the ever-provocative, always-entertaining and occasionally astute Newt Gingrich launched a broadside against Fed Chairman Ben Bernanke: â??Bernanke has in secret spent hundreds of billions of dollars bailing out one group and not bailing out another group. I donâ??t see anybody in the news media demanding the kind of transparency at the Fed that you would demand of every other aspect of the federal government. And I think it is corrupt and it is wrong for one man to have that kind of secret power.â?

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