4 ms·

It's worse. At least the Fed is checked to some degree by Congress. Tether is outside of the control of any goverment. It's just another faceless shell company

It's worse. At least the Fed is checked to some degree by Congress. Tether is outside of the control of any goverment. It's just another faceless shell company.

ur-whale 5y ago
> At least the Fed is checked to some degree by Congress I believe you have it the wrong way around.
- ceejayoz 5y ago
  Nope. The Fed's powers come from Congressional legislation, and the Governors are Senate confirmed. They have substantial power over the Fed.