Texas governor and presidential hopeful Rick Perry is not backing down from his threat against Ben Bernanke and the Federal Reserve. At an event in Iowa on Monday, Perry said that it would be treason if the Fed were to print more money. The Federal Reserve is no stranger from receiving criticism, but where left-wing politicians were formerly it's biggest critics, more recently conservatives like Ron Paul have been lashing out against the Fed.
Joining us to talk about why the Fed has become such a political issue, especially among conservatives and Tea Party members, is Kate Zernike, national correspondent for The New York Times and author of "Boiling Mad: Inside Tea Party America." She says the economy is very complicated, people are looking for villains, and the Fed is an easy target.