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 Anderson 3 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 created by the Congress to provide the nation with a safer, more flexible, and more...
by Gary Anderson 9 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. http://www.frbatlanta.org/publica/eco-r … hriszt.pdf
by platinumOwl4 7 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 William R. Wilson 8 years ago
I got this in my email today. This is the sort of thing I hired Obama to do:Thoughts?
by Jeff Zod 5 weeks ago
The Federal Reserve is a private institution.They have rigged the financial system in favor of the government and the banks The Fed has made the American Dollar useless..Do we really work for free? or Do we work for the banks? Are we under financial bondage?
by rakuba 7 years ago
Does Existence of the Federal Reserve Contradict Free Market?
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