KevinWestern
Hello
Why does the Federal Reserve – the body in charge of controlling the United States money supply – remain a private institution?
Wouldn’t it make common sense to have the Federal Reserve absorbed by the Treasury Department (perhaps), and become a public institution that is run (openly) by mostly elected officials? It just doesn’t make any sense to me why a private institution should be allowed to wield such extraordinary power without any solid checks and balances.
Thoughts?
Wouldn’t it make common sense to have the Federal Reserve absorbed by the Treasury Department (perhaps), and become a public institution that is run (openly) by mostly elected officials? It just doesn’t make any sense to me why a private institution should be allowed to wield such extraordinary power without any solid checks and balances.
Thoughts?