Thread: [economics]the state of the us-economy
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Unread 4 Feb 2006, 19:35   #21
Cuddley_Battleship
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Re: [economics]the state of the us-economy
Quote:
Originally Posted by wu_trax
If anything a central bank should be removed as far as possible from government controll. The temptation for politicians to give out presents to win elections is far too great. A central Bank should fight inflation and not try to make economical policy, thats what we elect politicians for.
They don't fight inflation though. The US dollar stayed at the same value until the Fed was created in 1913, but now the dollar is worth $.02 in 1913 dollars. They are privately owned, for-profit ventures.

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