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:) we are getting closer. Now... lets say a company was allowed to buy shares in the govt and be able to act as a govt agency while remaining a private compan
by geggam 8y ago
:)
we are getting closer.
Now... lets say a company was allowed to buy shares in the govt and be able to act as a govt agency while remaining a private company.
So they contract themselves to do some work, pay themselves for setting up the contract, switch hats then do the work. Bonus if they don't do the job right they simply aren't liable.
- manfredo 8y agoSure... But what you describe is not how the Federal Reserve works. The Federal Reserve is accountable to Congress. If they do their job poorly, leadership can be removed. The Federal Reserve is not a private company. They don't "buy shares in the government". I'm not even sure what that even means. Nobody can buy shares in the government because the government isn't a company. I guess you might be referring to government bonds. But those aren't shares, they're contracts to get paid a greater amount when the bond reaches maturity. The whole concept of "shares of the government" is just not valid because nobody owns the government. At least not in the US, there are some monarchies where all government assets are owned by the royal family.