danielpalos
Diamond Member
- Banned
- #141
the right wing, cannot handle, complicated.dude; a central Bank is supposed to make money, not lose money.
Never thought you meant an actual profit center, as one might find at a for profit company.
I think you're wrong.
The Fed is the entity that in lieu of normal market supply and demand, determines the price of money. They also act as Congress's ATM machine, relieving our hallowed lawmakers from, you know, having to pay for all their fabulous ideas now in exchange for letting future generations pick up the bill fo
I stand against central price controls over anything. But the point is, you seem to misunderstand what the Fed is all about. They are by no means a profit center.
Wallow in your simplicity. Nothing I can do to help you.
Good luck.