TJ in Oregon
TJ in Cleve
Junior Chimp
Posts: 8,948
Political Matrix E: 0.13, S: 6.96
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« on: August 07, 2012, 01:18:41 AM » |
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Absolutely not. This is one of the worst ideas about how to fix the government I've ever heard. If the Fed is doing something they aren't "supposed" to be doing, exposing it will only bring the problem to light and shatter confidence. Economics is all (well not all, but a whole lot of it) about confidence, whether it be in future growth or the value of our currency. Intentionally taking a risk like this, with little or no apparent upside value, is a terrible idea.
And if all of that doesn't scare you, the very thought of the Fed being run by Congress ought to.
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