And the handful of unknown international shysters who run the Federal Reserve are interested in you or me? I guarantee that if Congress were still running our monetary system that there would be a great many financial experts amongst them, because running the monetary system would be a major issue for Congressional candidates at election time.
“I guarantee that if Congress were still running our monetary system that there would be a great many financial experts amongst them, because running the monetary system would be a major issue for Congressional candidates at election time”
The same way Congress is filled with experts on the myriad other things they run?
right because congress has done wonders with the budget and spending.
The Fed has to be the strict adult in the economy - they have to watch the banks like a hawk, they have to keep the economy from overheating, and they have to slow growth if that growth is based on unsound fundamentals. Greenspan neglected his duty starting in 1996 and started to actively work against the fed mandate in 2001. His worshiping of Ayn Rand and friendship with President Bush got the better of him.
The drawback to his failure (and President Bush) is there will be a lot more regulation of the Market, the Fed and a “free market knows best” conservatism will take a huge hit.
The soviet union had government experts running their monetary systems and THEIR economy and look where that got them.
Go back to DU you worthless commie.