I dont have one, thought maybe someone else would.
If its aim is to keep the balance between the expanding (or contracting) amount of goods and services sold, plus all other assets and the amount of dollars those represent?
It's a good thing.
This is the basic theory of monetary policy.
Of course the potenital abuse of this power is most of the problem we're facing right now.
Why?
Because the FED's primary fudiciary responsibility is to protect its member banks, not the American people.
So let me recap
Yes, I think we need a FED capable of doing what our FED does.
No, I do not think the FED as currently consituted is our friend
Last edited: