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The Federal Reserve is part of the Federal government and it’s acting at cross purposes with other parts. Washington should make up its mind.
by bradleyjg 4y ago
The Federal Reserve is part of the Federal government and it’s acting at cross purposes with other parts. Washington should make up its mind.
- dragonwriter 4y ago> The Federal Reserve is part of the Federal government and it’s acting at cross purposes with other parts. Divorcing monetary policy from fiscal policy concerns is a major reason for having an independent central bank in the first place. Acting frequently at odds with the rest of government — and avoiding the currency being compromised by concerns of the rest of government — is an important part of why we have a Federal Reserve.
- bradleyjg 4y agoAn argument from intent is a bad argument. Like if I complain that the Senate is undemocratic and you say the founders didn’t want to create a democracy, you haven’t actually addressed my concern.
- orangepurple 4y ago> The Federal Reserve is part of the Federal government Nope, but they want to pretend they are