ServantDujmovJr Wrote:
Sep 20, 2012 7:09 AM
Uhmm, excuse me but... "Fed will be good central planners and never be influenced by their political masters" is inaccurate. The Fed answers to no one. They are not legally bound to anyone. Also, in the video "Should we end the Fed" just after 19 seconds the good Prof. states that the Fed is a central bank which is a government agency. This is also inaccurate. The Federal Reserve Bank is a privately owned bank. The Fed is about as Federal as Federal Express.