Thread: Economics The "Fed"
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Old 02-23-2014, 09:56 PM   #2
KC native KC native is offline
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Join Date: Feb 2009
Location: Fort Worth, TX
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1. The Fed doesn't control tax payer money. They influence banks and credit (creation and destruction).

2. The Fed discloses where money goes and regularly releases that information. The anti-Fed types ignore that information.

3. The Federal Reserve was set up the way it is to keep it independent of political pressure. Since Greenspan, we've seen a lot less independence but historically the Fed has been independent so neither political party can assert they've taken actions to either goose or crash the economy for a certain political party.
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