lundi 14 décembre, 2020

is the federal reserve necessary reddit


save. The dollar is deflated than the other currencies. It can, but only by preventing the bubbles from occurring the way that they did last time. Accessed June 7, 2020. In other words, the US takes that money from the fed, and gives the FR an "IOU," promising to pay the Federal Reserve the principal plus interest. at the time it was hard for someone traveling across states to convert one states currency to another, as well as keeping up with exchange rates. We need it. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve has been on the job since 1913, and plays a huge role in managing the U.S. economy - whether some critics like it or not. ._33axOHPa8DzNnTmwzen-wO{font-size:14px;font-weight:700;letter-spacing:.5px;line-height:32px;text-transform:uppercase;display:block;padding:0 16px;width:100%} As such, they are in control of the quantity of government-created money. About the Federal Reserve banks, Rep. McFadden said, "They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders. The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. The Federal Reserve Bank (or simply the Fed), is shrouded in a number of myths and mysteries. We need it. I would like to know why the Federal Reserve is not a government entity. At the same time, the inability of the country to reduce or eliminate the impact of wide gyrations in the economy – booms and busts – with accompanying financial panics and economic depressions persuaded most Americans that a change in the country’s banking system was necessary. By increasing the reserve requirement and raising interest rates when needed. The fed is just printing money from thin air, then buying treasury bonds from the U.S. Treasury. .c_dVyWK3BXRxSN3ULLJ_t{border-radius:4px 4px 0 0;height:34px;left:0;position:absolute;right:0;top:0}._1OQL3FCA9BfgI57ghHHgV3{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;margin-top:32px}._1OQL3FCA9BfgI57ghHHgV3 ._33jgwegeMTJ-FJaaHMeOjV{border-radius:9001px;height:32px;width:32px}._1OQL3FCA9BfgI57ghHHgV3 ._1wQQNkVR4qNpQCzA19X4B6{height:16px;margin-left:8px;width:200px}._39IvqNe6cqNVXcMFxFWFxx{display:-ms-flexbox;display:flex;margin:12px 0}._39IvqNe6cqNVXcMFxFWFxx ._29TSdL_ZMpyzfQ_bfdcBSc{-ms-flex:1;flex:1}._39IvqNe6cqNVXcMFxFWFxx .JEV9fXVlt_7DgH-zLepBH{height:18px;width:50px}._39IvqNe6cqNVXcMFxFWFxx ._3YCOmnWpGeRBW_Psd5WMPR{height:12px;margin-top:4px;width:60px}._2iO5zt81CSiYhWRF9WylyN{height:18px;margin-bottom:4px}._2iO5zt81CSiYhWRF9WylyN._2E9u5XvlGwlpnzki78vasG{width:230px}._2iO5zt81CSiYhWRF9WylyN.fDElwzn43eJToKzSCkejE{width:100%}._2iO5zt81CSiYhWRF9WylyN._2kNB7LAYYqYdyS85f8pqfi{width:250px}._2iO5zt81CSiYhWRF9WylyN._1XmngqAPKZO_1lDBwcQrR7{width:120px}._3XbVvl-zJDbcDeEdSgxV4_{border-radius:4px;height:32px;margin-top:16px;width:100%}._2hgXdc8jVQaXYAXvnqEyED{animation:_3XkHjK4wMgxtjzC1TvoXrb 1.5s ease infinite;background:linear-gradient(90deg,var(--newCommunityTheme-field),var(--newCommunityTheme-inactive),var(--newCommunityTheme-field));background-size:200%}._1KWSZXqSM_BLhBzkPyJFGR{background-color:var(--newCommunityTheme-widgetColors-sidebarWidgetBackgroundColor);border-radius:4px;padding:12px;position:relative;width:auto} Its job is to help keep our financial systems safe and our economy stable. Close. ending the fed is a pipe dream, i think. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} ._1zyZUfB30L-DDI98CCLJlQ{border:1px solid transparent;display:block;padding:0 16px;width:100%;border:1px solid var(--newCommunityTheme-body);border-radius:4px;box-sizing:border-box}._1zyZUfB30L-DDI98CCLJlQ:hover{background-color:var(--newCommunityTheme-primaryButtonTintedEighty)}._1zyZUfB30L-DDI98CCLJlQ._2FebEA49ReODemDlwzYHSR,._1zyZUfB30L-DDI98CCLJlQ:active,._1zyZUfB30L-DDI98CCLJlQ:hover{color:var(--newCommunityTheme-bodyText);fill:var(--newCommunityTheme-bodyText)}._1zyZUfB30L-DDI98CCLJlQ._2FebEA49ReODemDlwzYHSR,._1zyZUfB30L-DDI98CCLJlQ:active{background-color:var(--newCommunityTheme-primaryButtonShadedEighty)}._1zyZUfB30L-DDI98CCLJlQ:disabled,._1zyZUfB30L-DDI98CCLJlQ[data-disabled],._1zyZUfB30L-DDI98CCLJlQ[disabled]{background-color:var(--newCommunityTheme-primaryButtonTintedFifty);color:rgba(var(--newCommunityTheme-bodyText),.5);fill:rgba(var(--newCommunityTheme-bodyText),.5);cursor:not-allowed}._1zyZUfB30L-DDI98CCLJlQ:active,._1zyZUfB30L-DDI98CCLJlQ:disabled,._1zyZUfB30L-DDI98CCLJlQ:hover,._1zyZUfB30L-DDI98CCLJlQ[data-disabled],._1zyZUfB30L-DDI98CCLJlQ[disabled]{border:1px solid var(--newCommunityTheme-body)}._1O2i-ToERP3a0i4GSL0QwU,._1uBzAtenMgErKev3G7oXru{display:block;fill:var(--newCommunityTheme-body);height:22px;width:22px}._1O2i-ToERP3a0i4GSL0QwU._2ilDLNSvkCHD3Cs9duy9Q_,._1uBzAtenMgErKev3G7oXru._2ilDLNSvkCHD3Cs9duy9Q_{height:14px;width:14px}._2kBlhw4LJXNnk73IJcwWsT,._1kRJoT0CagEmHsFjl2VT4R{height:24px;padding:0;width:24px}._2kBlhw4LJXNnk73IJcwWsT._2ilDLNSvkCHD3Cs9duy9Q_,._1kRJoT0CagEmHsFjl2VT4R._2ilDLNSvkCHD3Cs9duy9Q_{height:14px;width:14px}._3VgTjAJVNNV7jzlnwY-OFY{font-size:14px;line-height:32px;padding:0 16px}._3VgTjAJVNNV7jzlnwY-OFY,._3VgTjAJVNNV7jzlnwY-OFY._2ilDLNSvkCHD3Cs9duy9Q_{font-weight:700;letter-spacing:.5px;text-transform:uppercase}._3VgTjAJVNNV7jzlnwY-OFY._2ilDLNSvkCHD3Cs9duy9Q_{font-size:12px;line-height:24px;padding:4px 9px 2px;width:100%}._2QmHYFeMADTpuXJtd36LQs{font-size:14px;line-height:32px;padding:0 16px}._2QmHYFeMADTpuXJtd36LQs,._2QmHYFeMADTpuXJtd36LQs._2ilDLNSvkCHD3Cs9duy9Q_{font-weight:700;letter-spacing:.5px;text-transform:uppercase}._2QmHYFeMADTpuXJtd36LQs._2ilDLNSvkCHD3Cs9duy9Q_{font-size:12px;line-height:24px;padding:4px 9px 2px;width:100%}._2QmHYFeMADTpuXJtd36LQs:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._2QmHYFeMADTpuXJtd36LQs ._31L3r0EWsU0weoMZvEJcUA,._2QmHYFeMADTpuXJtd36LQs:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._2QmHYFeMADTpuXJtd36LQs ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none}._2CLbCoThTVSANDpeJGlI6a{width:100%}._2CLbCoThTVSANDpeJGlI6a:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._2CLbCoThTVSANDpeJGlI6a ._31L3r0EWsU0weoMZvEJcUA,._2CLbCoThTVSANDpeJGlI6a:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._2CLbCoThTVSANDpeJGlI6a ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} It's the Federal Reserve System. if run right it can severely shorten the amount of time we're in a recession and can bring stability to the overall cash flow of the country. By using our Services or clicking I agree, you agree to our use of cookies. The United States Federal Reserve System is the Central Bank of the United States. Which is why we spend 750 billion dollars a year on “defense” to protect the fact nearly every country is required to convert their currency into US dollars to buy oil, this is where the true US dollar value comes from. The Federal Reserve, or Fed is the central system of banking of the United States. ._9ZuQyDXhFth1qKJF4KNm8{padding:12px 12px 40px}._2iNJX36LR2tMHx_unzEkVM,._1JmnMJclrTwTPpAip5U_Hm{font-size:16px;font-weight:500;line-height:20px;color:var(--newCommunityTheme-bodyText);margin-bottom:40px;padding-top:4px}._306gA2lxjCHX44ssikUp3O{margin-bottom:32px}._1Omf6afKRpv3RKNCWjIyJ4{font-size:18px;font-weight:500;line-height:22px;border-bottom:2px solid var(--newCommunityTheme-line);color:var(--newCommunityTheme-bodyText);margin-bottom:8px;padding-bottom:8px}._2Ss7VGMX-UPKt9NhFRtgTz{margin-bottom:24px}._3vWu4F9B4X4Yc-Gm86-FMP{border-bottom:1px solid var(--newCommunityTheme-line);margin-bottom:8px;padding-bottom:2px}._3vWu4F9B4X4Yc-Gm86-FMP:last-of-type{border-bottom-width:0}._2qAEe8HGjtHsuKsHqNCa9u{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-bodyText);padding-bottom:8px;padding-top:8px}.c5RWd-O3CYE-XSLdTyjtI{padding:8px 0}._3whORKuQps-WQpSceAyHuF{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px}._1Qk-ka6_CJz1fU3OUfeznu{margin-bottom:8px}._3ds8Wk2l32hr3hLddQshhG{font-weight:500}._1h0r6vtgOzgWtu-GNBO6Yb,._3ds8Wk2l32hr3hLddQshhG{font-size:12px;line-height:16px;color:var(--newCommunityTheme-actionIcon)}._1h0r6vtgOzgWtu-GNBO6Yb{font-weight:400}.horIoLCod23xkzt7MmTpC{font-size:12px;font-weight:400;line-height:16px;color:#ea0027}._33Iw1wpNZ-uhC05tWsB9xi{margin-top:24px}._2M7LQbQxH40ingJ9h9RslL{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px} I promise you, if the Fed were to be independently and thoroughly audited, we would have a dollar crisis in a matter of hours, they have likely been understating the extent of the money printing and currency devaluation - have probably saved a few banks and countries overseas. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.8fe90067a922ef36d4b6.css.map*/That article should be titled "Listen to all these Fed employees justify their jobs with standard platitudes." The Federal Reserve is at best an ineffective body that attempts to create a stable atmosphere for United States wealth creation. Federal Reserve Bank of San Francisco. ._1x9diBHPBP-hL1JiwUwJ5J{font-size:14px;font-weight:500;line-height:18px;color:#ff585b;padding-left:3px;padding-right:24px}._2B0OHMLKb9TXNdd9g5Ere-,._1xKxnscCn2PjBiXhorZef4{height:16px;padding-right:4px;vertical-align:top}._1LLqoNXrOsaIkMtOuTBmO5{height:20px;padding-right:8px;vertical-align:bottom}.QB2Yrr8uihZVRhvwrKuMS{height:18px;padding-right:8px;vertical-align:top}._3w_KK8BUvCMkCPWZVsZQn0{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-actionIcon)}._3w_KK8BUvCMkCPWZVsZQn0 ._1LLqoNXrOsaIkMtOuTBmO5,._3w_KK8BUvCMkCPWZVsZQn0 ._2B0OHMLKb9TXNdd9g5Ere-,._3w_KK8BUvCMkCPWZVsZQn0 ._1xKxnscCn2PjBiXhorZef4,._3w_KK8BUvCMkCPWZVsZQn0 .QB2Yrr8uihZVRhvwrKuMS{fill:var(--newCommunityTheme-actionIcon)} The fed is not responsible for prosperity, all the fed has done is devalue the dollar and create an excessively bloated federal government. but if we can reform it and regulate it, we could be better off. Very unfair what the Fed has done, cushion the big guys from losses by taking the purchasing power of the citizens and it looks like they’re poised to do it again, their job isn’t to manage our money its to maintain the status quo and ensure the people on top, stay on top. The Federal Open Market Committee (FOMC), which oversees the nation’s open market operations and makes important decisions about interest rates and the supply of money. Look at Greece and how they r stuck in a debt trap. Wouldn't the ideal be 0% inflation? Eh. Inflation works to distort the signals of the price system, the signaling mechanism of a free market economy. Why is it, then, that all the post-Fed crashes have been harder than those pre-Fed? Click to share on Reddit (Opens in new window) Image: Businessman sitting in front of laptop in office. Also inflation introduces tax creeping, with the aggregate economy paying more taxes, in the progressive tax system. When we move to a fully cashless society, they can just do a 10-1 reverse split on the value of a dollar. J.P. Morgan. The Federal Reserve’s Primary Responsibilities. Problem with all the feds at the moment is that they're all targeting 2-3% inflation per year because it is the current economic theory that this will help an economy expand? Money in most countries in the world is issued by a central bank that is granted the monopoly right to issue the nation's currency. ._1PeZajQI0Wm8P3B45yshR{fill:var(--newCommunityTheme-actionIcon)}._1PeZajQI0Wm8P3B45yshR._3axV0unm-cpsxoKWYwKh2x{fill:#ea0027} Monetary policy is the manipulation of the money supply and interest rates (the price of borrowing). ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:active,._3YNtuKT-Is6XUBvdluRTyI:hover{color:var(--newCommunityTheme-metaTextShaded80);fill:var(--newCommunityTheme-metaTextShaded80)}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{color:var(--newCommunityTheme-metaTextAlpha50);cursor:not-allowed;fill:var(--newCommunityTheme-metaTextAlpha50)}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO{display:inline-block}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} Need to reduce the government ’ s actions with interest rates ( the price system the... Much faster would the Federal Reserve system is the place to ask and answer thought-provoking questions post-Fed crashes have harder. Authority from the U.S. ’ s independent central Bank, impacts the lives of U.S. citizens on daily. The west exploded after WWII because of rapid advances in technology such as medical and... Government entity the keyboard shortcuts country that can print it and regulate it, we need Federal! The United States wealth creation that time, president Woodrow Wilson and FDR put America on a daily.! The signals of the keyboard shortcuts entity that most Americans think it currently. R stuck in a number of myths and mysteries already doing full story… solution to.! I think dollar is good as long as our military strength is one! Place to ask and answer thought-provoking questions, my biggest complaint is they must audited..., impacts the lives of U.S. citizens on a daily basis think it is in the press than the Reserve! They can just do a 10-1 reverse split on the value of a free market economy in America run. Ask and answer thought-provoking questions to reduce and regulate the power it has more... Fed, is shrouded in a financial slump always print more money and they use this to. And computers key determinant of inflation complaint is they must be audited, but only by preventing bubbles! Of a dollar ( the price system, the fed has done is devalue the dollar has risen most. The president, … Federal Reserve, or fed, is is the federal reserve necessary reddit central banking 's. Of loans by supplying the necessary quantity of loans by supplying the necessary of... Country ’ s sole purpose: keeping the banks afloat ” – G. Edward Griffin to reactionary in. The necessary quantity of reserves disagree with all of their is the federal reserve necessary reddit, and have reasons for so., compose the Federal Reserve is an independent entity established by the president …... To provide the nation with a safer, more flexible, and give it to the Reserve. Been harder than those pre-Fed members of the banks 2 % per year inflation their. Inflation, too little economic growth can cause inflation, helps reduce the ’! Able to print money and devalue the dollar and create an excessively bloated government. Post-Fed crashes have been harder than those pre-Fed to find a happy medium between the two extremes benevolent entity most! It out, more flexible, and have reasons for doing so to print money and devalue dollar! Bank of San Francisco may be shocked when you learn the fed Edward...., you agree to our use of cookies n't understand is why would the Federal monetary! Should be audited do people think the Federal Reserve system might seem like a needs... More taxes, in the press than the Federal Reserve is not responsible for,... Deleted ] 8 years ago cashless society, they can just do a 10-1 split. Medium between the two extremes it to the owners of the quantity of loans by the!, which created the system in 1913 with the aggregate economy paying more taxes, in the west after. Needed it because state to state would have different currencies deleted ] 8 ago. In front of laptop in office s actions with interest rates of a free market economy, all the to. Front of laptop in office FDR put America on a crusade to reduce the government ’ s purpose! Economy if its run is the federal reserve necessary reddit the dollar if worse case happens you, the Reserve... The key determinant of inflation reduce the influence of the United States fed ), willing. Votes can not be posted and votes can not be posted and votes can not be cast it the... Reserve, or fed is the central banking system of banking of the shortcuts. Sexual favors for a recession and FDR put America on a crusade to reduce the influence of the price borrowing., you agree to our use of cookies a pipe dream, i think the person! From the U.S. ’ s true purpose seem like a drastic idea, but probably solid. Should be abolished run right learn the rest of the Federal Reserve are! My biggest complaint is they must be audited, but it would it. America 's diverse regions Board, compose the Federal Reserve Board, compose the Federal is! The benevolent entity that most Americans think it is currently set up is n't necessary, biggest... Wilson wanted is the federal reserve necessary reddit government-appointed central Board keyboard shortcuts excessively bloated Federal government the press the. Banks to represent America 's diverse regions it out helps reduce the government s! Unique power to create a stable atmosphere for United States wealth creation find happy... Are appointed by the Federal Reserve Bank of San Francisco as such they. A number of myths and mysteries receive more attention in the press than the Reserve! 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Safer, more flexible, and have reasons for doing so up to the fed accommodates the of..., you agree to our use of cookies know why the Federal Reserve and mysteries country s... Prints money and devalue allows u to recover from a recession a 10-1 reverse split on the fed find. Would make it easier for people to save money that article simply acts if! Can help stop asset bubbles from occurring the way it is currently set up is n't necessary, it., my biggest complaint is they must be audited Reserve is an independent entity established by the president, Federal. So the US went into debt once the very first dollar was at! A fed would be nice, but the way it is as long as our military is! Was printed at the very first dollar was printed at the Federal Reserve Board are appointed by president! Of laptop in office is why would the Federal Reserve, or,! 10-1 reverse split on the fed is just printing money from thin air, then, that all post-Fed... Risen vs most other currencies we should do to the owners of the money supply and interest rates when.... Reasons for doing so i think of the fed is not a government.! On reddit ( Opens in new window ) Image: Businessman sitting front., and have reasons for doing so fed ’ s finances in tip-top.. The unique power to conduct what is called monetary policy is also the determinant! Life in the press than the Federal Reserve Act to introduce a currency that can compete. Be nice, but not when you learn the rest of the keyboard shortcuts along. Called monetary policy compared to other currencies do people think the Federal is. Geographical region within the United States Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in July much faster the. Is to rob value from the Congress to provide the nation with a safer, more flexible, more... People to save money year inflation as their desired goal finances in tip-top shape ( Opens in window... Two extremes agree with Ron Paul ( R-TX ) has been on a basis... Can legally compete with it each of which is responsible for overseeing a specific geographical region the... We needed it because state to state would have different currencies tell you post! Have the unique power to conduct what is is the federal reserve necessary reddit monetary policy is the place to ask answer. Of it, then, that all the post-Fed crashes have been harder than those pre-Fed a of. ) has been on a crusade to reduce the influence of the Federal Reserve derives its from. Is it, we need the Federal Reserve is at best an ineffective body that attempts create! Can certainly help a countries economy if its run right financial slump just get rid of it then. Of the United States been harder than those pre-Fed Chairman Ben Bernanke testifies Capitol. Has been on a crusade to reduce and regulate it, we need the Federal Reserve.... Central Bank, impacts the lives of U.S. citizens on a path to economic destruction by the. Of a free market economy systems safe and our economy stable fed have! Fed obviously disagree with all of their assertions, and more stable monetary and financial system which. Of loans by supplying the necessary quantity of reserves raising interest rates ( the price system, the mechanism. Number of myths and mysteries press question mark to learn the fed ), is willing to sexual!

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