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.
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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.
http://www.propagandamatrix.com/mult..._Part1_all.wmv
http://www.propagandamatrix.com/mult...e2_128KBps.wmv
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