Though the FED is a private organization, just as the USPS. Being that the case, it would seem logical to assume that the President would be able to exercise considerable control over it.
Though the FED is a private organization, just as the USPS. Being that the case, it would seem logical to assume that the President would be able to exercise considerable control over it.
Has the President, or Congress ever vetoed a proposed hike in the cost of a first class stamp? It was a nickel, in my lifetime. But it is certainly true that the Fed is the enabler of the creation of trillions of new debt- Bernanke and others before stated publicly that the Fed did not monetize the debt, but that is a bald-faced lie. Do they suggest that China, or Japan, or Britain, much less Russia are the ones buying all those bonds? It sure isn't the American people either.
Though the FED is a private organization, just as the USPS. Being that the case, it would seem logical to assume that the President would be able to exercise considerable control over it.
Has the President, or Congress ever vetoed a proposed hike in the cost of a first class stamp? It was a nickel, in my lifetime. But it is certainly true that the Fed is the enabler of the creation of trillions of new debt- Bernanke and others before stated publicly that the Fed did not monetize the debt, but that is a bald-faced lie. Do they suggest that China, or Japan, or Britain, much less Russia are the ones buying all those bonds? It sure isn't the American people either.