Mission Impossible for the Fed?

Below is a very interesting article from George Will in the Washington Post. He argues that the dual mandate given to the Fed in 1977 should be ended.

In another article by GMU economist Don Boudreaux, he claims that from 1790-1913, the dollar lost approx. 8% of its value. From 1913 (when the Fed was created to maintain price stability) to the present, the dollar has lost 95%. Apparently, the Fed has not done a very good job.

The Fed's Dual Mission Impossible