A quick note on the new Fed powers
First, the point has to be made, the Fed has done such an incredible job of managing our free market (irony intended), by giving us a housing bubble, deflating our currency, thus driving up the costs of everything (some people call that inflation), that it makes a ton of sense to give them huge, broad new powers.
Here is a video of Ron Paul Vs Ben Bernanke (chairman of the Fed):
I promise to do a thorough review of the new powers proposal, and what it means later. This little video will have to do for now.