Ron Paul says the Federal Reserve is really responsible for economic booms and busts, not the President who is in office at the time.
To what degree do you agree?
I think a lot of Bush and Clinton policy's helped and hurt the economy, but I think he is right that the Federal Reserve holds much more influence over the US economy than the Presidential Administration.
This makes much more sense to me.
(Credit to MB_722 for originally posting this)
