4 ms·
I would say transparency is very important, for the government as well as Federal Reserve. Fed is responsible for the nations money supply, they are responsible
by azharcs 18y ago
I would say transparency is very important, for the government as well as Federal Reserve. Fed is responsible for the nations money supply, they are responsible for printing currency as well as deciding at what rates it should be lent(even to US Government). To me these are the powers with which you can control the whole country and its people.
Print more currency, make it easy to borrow which results in people borrowing to buy overpriced things(due to inflation as money supply increases) which sooner or later results in Bubble. When the bubble bursts, people lose their jobs and the value of overpriced things comes back to normal and people end up with Debts. We are in the phase where people are in debt and are losing jobs every quarter, by giving them more money or to the corporations which fired them, it does not make sense at all. In Simple words, It was a Bubble, it Burst. It really does not make sense when someone is infusing more money in the markets assuming prices of houses will go back like they were during Bubble or corporations will hire people assuming 40 or 50% growth every quarter, It's time to wake up now and think rationally. If growth is not organic, its not growth at all, It's Bubble.