What purpose does the Federal Reserve serve and why do we need it?
Federal reserve system was created mainly to facilitate and maintain the financial stability of the united states, one major function of it is the enforcement of monetary policies that manages the money supply of the country. It also ensures currency elasticity or the ability to expand or contract money supply depending on the need of the current situation of the economy.
Has it not done the exact opposite? If it is supposed to maintain the financial stability of the U.S. then it has failed miserably. Inflation was almost non-existent before the Federal Reserve and there also was no such thing as an income tax and the economy was fine.
by GA Anderson3 years ago
Here is what the Federal Reserve describes as its charter:" The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was...
by Gary Anderson8 years ago
This guy is or was high up in the Fed. The fed is a PRIVATE bank, despite the lie on their website. The fed is owned by private stock and the US government owns none of that private stock. ...
by rakuba7 years ago
Does Existence of the Federal Reserve Contradict Free Market?
by platinumOwl46 years ago
When was the Federal Reserve established and by whom?Can we identify all of the member of the federal reserve and its founders?
by tonybeck6 years ago
Why is the Federal Reserve allowed pretend to be part of our government? It's a private bank!The world bankers have used the Federal Reserve to facilitate the downfall of the U.S. I like the analogy that...
by Wesman Todd Shaw6 years ago
It's all so simple, really, and a wicked man stated long, long ago that it never mattered who a king was - so long as he controlled the currency - he was lord and master.http://auditthefedphonebomb.com/bailout …...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.