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> The Fed’s role has expanded over the years, and its decisions often seem opaque and arbitrary. A small number of unelected people in a room dictate the price
by gremlinsinc 5y ago
> The Fed’s role has expanded over the years, and its decisions often seem opaque and arbitrary. A small number of unelected people in a room dictate the price of money for a country of 330 million people, and can create new reserves out of thin air, or destroy reserves from the system.
I'd much rather there be a liquid democracy voting system where maybe every person w/ a degree in economics gets 1 vote, I'd trust 10k economics majors over 10 rich/wealthy bank owners led by the Rothschilds.