Website review: Myth #7: The Federal Reserve charge...
trejrco discovered this in Politics
•2 reviews since Dec 1, 2006
politics, federal-reserve
•geocities.com/CapitolHill/Senate/3616/flahert...
People who like this website
StumbleUpon is the best way to discover great web sites, videos, photos, blogs and more - based on your interests.
Everything is submitted and rated by the community. Discover, share and review the best of the web!
Reviews of this website
trejrco discovered 21 months ago- FTA - "Schauf and the Coalition argue this would be an "interest-free" form of currency. However, there is no functional difference between U.S. Notes and the Federal Reserve notes we now use. Neither impose a net interest burden on the Treasury. The key difference between the two currencies is who controls the issuance. The publicly-appointed Board of Governors now controls the emissions of Federal ReserveNotes and can make monetary policy decisions largely independent of political pressure. The issuance of U.S. Notes, on the other hand, would be controlled by the Treasury Department, an arm of the executive branch and a purely political entity. Monetary policy, in this economist's view, ought to be based on the needs of the economy, not on the needs of current incumbent political party."
- harrystottle rated 4 months ago
- very interesting. The first serious refutation I've come across regarding the profit motives of the Fed. I've often wondered - if the Fed is privately owned by the big banking boys and creates money out of thin air as suggested by some of the New World Order crowd - where does all the profit end up? And it seems that it ends back in the US Treasury. If true, that certainly pricks many a conspiratorial balloon. I shall investigate further...
Subscribe to updates