Thread: Economics The "Fed"
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Old 02-23-2014, 10:05 PM   #5
petegz28 petegz28 is offline
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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.
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Originally Posted by Saul Good View Post
Call it whatever you want. I don't care about the verbiage.
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Originally Posted by Saul Good View Post
Then be more specific as to what you're bitching about.
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Originally Posted by cosmo20002 View Post

What have I been hypocritical about?
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