Thread: [economics]the state of the us-economy
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Unread 4 Feb 2006, 13:20   #11
wu_trax
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Re: [economics]the state of the us-economy
Quote:
Originally Posted by Cuddley_Battleship
I think it's sad that the Federal Reserve (and its counterparts in other countries) are allowed to exist outside government control. Inflation and the "business cycle" are just euphemisms for printing too much money, then contracting it so you and your rich friends can get richer buying up property and stock for pennies on the dollar. They have no loyalty to their respective countries, only to the almighty dollar, pound, euro, etc.
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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