4 ms·
When I was a boy my elders told me that we had to win the Cold War or we would end up with the government owning everything.
by mcculley 6y ago
When I was a boy my elders told me that we had to win the Cold War or we would end up with the government owning everything.
- tengbretson 6y agoWell the federal reserve isn't part of the government, so hurray for us I guess.
- havetocharge 6y agoWikipedia says that it's under the jurisdiction of the Federal government of the United States. So maybe depends on how you define 'government'? https://en.m.wikipedia.org/wiki/Federal_Reserve https://en.m.wikipedia.org/wiki/Federal_Reserve
- dmurray 6y agoMaybe it depends how you define "under the jurisdiction". Every citizen and corporation in the US is subject to the government's jurisdiction.
- thoughtstheseus 6y agoIf only there was a consolidated federal balance sheet.
- WealthVsSurvive 6y agoYes, the government absolutely controls the Federal reserve, but likes to keep it out of "politics," which is code for "please don't talk about what we're doing here, it could be used to spook the cattle."
- mcculley 6y agoI guess we need another word for a monopoly central bank defined by federal law that controls the value of our resources.