Discussion in 'Economy' started by Toro, Sep 15, 2009.
The Fed's Political Problem | Foreign Affairs
The "independence" of the Fed is a myth, and we shouldn't want an independent Fed anyways. The Constitution calls for the Congress to handle monetary policy, that way we could theoretically vote those who do a poor job out. No such luck with the supposedly independent Fed which has obviously done a terrible job. The American people have a right to know, at least, what's going on with their money and why. Also, and audit does nothing to the Fed overall. It doesn't change their policy in any way it simply allows us to see what and why they're doing what they're doing.
I personally don't take into consideration any kind of potential "dangers" when it comes to how my government is handling something that the people own.
In my opinion, it's MORE dangerous that the government controls the people's money and tells them very little about what they do with it.
We deserve transparent representation when it comes to our currency. Congress created the fed, and therefore they have an obligation to represent us when it comes to monetary policy.
This is like the pusher telling the junkie that getting off the smack is going to be a bad thing.
It's about time that ongoing criminal enterprise is brought to its knees and exposed for what it is.
Alan Blinder is as Keynesian as they come. He's about as far removed from reality as an Economist can be.
Yeah, who isn't in the MSM.
Where can we find this?
Separate names with a comma.