tag:blogger.com,1999:blog-10424035.post1869413028303541920..comments2023-09-11T08:58:24.710-06:00Comments on Reach Upward: The Fed: A Study In Political-Financial MischiefScott Hinrichshttp://www.blogger.com/profile/11831447472339880148noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-10424035.post-91549910577647494442009-12-02T12:04:57.110-07:002009-12-02T12:04:57.110-07:00The Fed was a mistake from the beginning, an early...The Fed was a mistake from the beginning, an early exercise in privatization of government's responsibilities that has succeeded as all such efforts do - by enriching the few at the expense of the many. I doubt it is possible to have a completely non-politicized central bank, nor would that necessarily be a good idea.<br /><br />In order current situation, the Fed's close ties to Wall Street made it unwilling to use even its bully pulpit to tamp down the housing bubble or the dot.com bubble before that. It has done a great job of protecting Wall Street while letting Main Street suffer economic collapse. Would the Treasury Department have done better? Hardly likely since it is basically staffed by Goldman Sachs.<br /><br />We are left then with the need for a disinfectant - transparency. Bringing the actions and accounting of the Fed into the light of day is probably the best we can do at the moment. I doubt the Congress will pass anything meaningful however. They are more dysfunctional than the Fed.Charles Dhttps://www.blogger.com/profile/02975241234146573609noreply@blogger.comtag:blogger.com,1999:blog-10424035.post-58598864599669138602009-12-02T08:55:10.153-07:002009-12-02T08:55:10.153-07:00And the answer is….B.
your correct answer has won...And the answer is….B. <br />your correct answer has won you a free all expenses paid (Free government money*), one way trip to Argentina so you can observe first hand the future of government change on our society.<br /><br /> *disclaimer the word “free government money” is just slogan we have indoctrinated into the people so they don’t realize we are using money from their own pockets, sort of like the word “free healthcare”(it seems to be working)Allanhttps://www.blogger.com/profile/03436545023417921523noreply@blogger.com