Thread: Economics The "Fed"
View Single Post
Old 02-23-2014, 09:05 PM   #5
petegz28 petegz28 is offline
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $261517
Quote:
Originally Posted by KC native View Post
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.
For as smart as I know you are when it comes to economics, that is a very na´ve post and I think deep down you know that.
__________________
"Finally, anyone who uses the terms, irregardless, a whole nother, or all of a sudden shall be sentenced to a work camp."

Stewie Griffin
Posts: 64,953
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote