[DannyTN]

I couldn’t agree more.

I actually think the FED has done a great job given what they have to work with.

The FED doesn’t control trade policy so their efforts at helping unemployment in the face of tax/tariff policies that favor foreign producers has been like a band-aid on a cancer.

And the FED doesn’t control government spending. An irresponsible Congress would still borrow on a gold standard and promise that your kids would repay it in gold.

[Brad from Tennessee]

[An irresponsible Congress would still borrow on a gold standard and promise that your kids would repay it in gold.]

For the last four years Bernanke has made that point, on the record, every time he addresses Congress.

[Prolixus]

I actually think the FED has done a great job given what they have to work with.

Is it the FED's job to destroy the value of our currency? Shouldn't our currency become more, not less, valuable over time?

[Flick Lives]

I actually think the FED has done a great job given what they have to work with.

The worst depressions in this country have occurred after the formation of the Fed; which is basically a banking cartel. In an actual capitalist society, such as we had 100 years ago, there is no need for a centralized bureaucracy attempting to control the economy.

[iopscusa]

You’re dreaming, the Fed has done damage to multi-generations of Americans with policies that have destroyed the savers and capital formation not to mention the value of the currency. Wholesale destruction will commence as the Fed loses control and hyper-inflation will raise it’s deadly head.

[LibLieSlayer]

I am a successful business man and have been for 40 years and I disagree with you to the power of ten.

LLS

[trebb]

If it doesn't flow into the "economy", where does it go/ Does it even exist? Why is the Stock Market so "inflated" and what does it mean for the dollar's true worth - both now and in the future?

You seem to have a handle on some of the dynamics - can you explain in layman's terminology? Thanks

[palmer]

And the FED doesn’t control government spending.

The Fed is literally printing money and giving it to politicians to spend. So I guess technically they don't "control" that spending and they just announced they are going to stop doing that some day. Soon, really soon. Any day now.

[LachlanMinnesota]

I wonder what would be happening if they weren’t buying billions of dollars of government bonds that the public is obligated to repay? No effect on the economy?

[BfloGuy]

And the FED doesn’t control government spending. An irresponsible Congress would still borrow on a gold standard and promise that your kids would repay it in gold.

The Fed permits out-of-control government spending by printing the money to buy the bonds. With a stable money supply, the government's borrowing would cost five or six times as much.

The Fed is designed to protect banks from failure and make bankers wealthy. To do that, it supplies the politicians with all the free money they want.

The value of the American dollar has dropped by 95% since the Fed took over its management.

[CodeToad]

“And the FED doesn’t control government spending”

The fed sucks in money as profits. That’s a tax, so it is controlling spending.

The fed controls interest rates which is more manipulating fed profit and the economy.

The fed has done a lousy job is an unconstitutional organization that controls our fiat money supply and central banking.

[catfish1957]

I actually think the FED has done a great job given what they have to work with.

If you call running up a $2T a year QE induced blank check a good job, then well.......