I'm not disputing any of that. Of course, the FED isn't a government institution.
You can certainly recall me bashing VABills about the housing "bubble" 2 years before it burst, right? Pretty much based on the artificial lowering of interest rates...
If we're oversimplifying, sure. I'm solely taking issue with his "more government involvement = Good" stance. Big surprise there, huh?
Colin isn't incorrect either if we're using TPS as a measure.