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Should congress or the Federal reserve set monetary policy

Should congress or Fed set monetary policy

  • congress

    Votes: 1 20.0%
  • federal reserve

    Votes: 4 80.0%

  • Total voters
    5

listener

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Aug 27, 2012
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That is the question? The more congress interferes the more they in effect influence and in my opinion hurt the Feds ability to do its job.
 
Definitely the Fed. Having Congress intervening in monetary policy would be a nightmare. We'd have an incredibly unstable economy and rampant inflation constantly.
 
The Federal Reserve is a private central bank. Bankers will do the things that make the bank money and you all think the Fed will make the USA money. It is a private Corporation with stockholders and it is going to make money for the bank, not for you and I and Aunt Sadie. A Private Bank makes money for a Private Bank. Keerist, it's a bank. A Corporate bank. Nobody ever discusses how much money the US citizens owe the Federal Reserve. When China, India, or Japan doesn't buy our US Treasury Bonds (loans to the US Treasury), then the Federal Reserve buys them (The Federal Reserve loans the US Treasury the money). I know that China, India and Japan own over $4 Trillion in US Debt, how much does the Federal Reserve, a private Central Bank, own?
 
Definitely the Fed. Having Congress intervening in monetary policy would be a nightmare. We'd have an incredibly unstable economy and rampant inflation constantly.
It would be worse than that.
 
The Federal Reserve is a private central bank. Bankers will do the things that make the bank money and you all think the Fed will make the USA money. It is a private Corporation with stockholders and it is going to make money for the bank, not for you and I and Aunt Sadie. A Private Bank makes money for a Private Bank. Keerist, it's a bank. A Corporate bank. ...
Wow. Where should I go to find out more details on what you posted. Definately not to WIKI 'cus they always lie.
 
No, they shouldn't.
 
That is the question? The more congress interferes the more they in effect influence and in my opinion hurt the Feds ability to do its job.

Well, in the real world, there's no clear cut division.

What usually happens is that Congress writes rather broad laws. Specifics are then allowed to be written by the regulatory agencies with executive powers, such as the Federal Reserve.

That way Congress can give the Fed the basics of what they want done but still give the Fed enough leeway to handle their mandates.
 
I'd rather have a gold-backed currency controlled by Congress, but not really manipulated. That's the constitutional answer as well.
 
I'd rather have a gold-backed currency controlled by Congress, but not really manipulated. That's the constitutional answer as well.

No. Gold-backed currency can be manipulated. By gold speculators.
 
No. Gold-backed currency can be manipulated. By gold speculators.

Not really a concern, though I was talking about congressional manipulators. There is never a perfect currency solution.
 
Not really a concern, though I was talking about congressional manipulators. There is never a perfect currency solution.

But if we are going to have manipulators I would rather they be manipulators I vote for rather than those I don't.
 
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