Quote:
Originally Posted by Lucy - CSC
Get rid of the US Federal Reserve Bank and America and the world will be out of debt in a few years and we will all be much better off!
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how so. the fed doesnt create the trade deficit, doesnt pass a prescription drug entitlement with no way to pay for it. Free trade with slave labor nations, keeping the US enslaved to oil, spending money that does not exist. these are the sins of congress.
The Fed is failing by trying to prop up these failed policies with free money. Raising interest rates might force banks to actually lend instead of using zero % money to buy government bonds & make free profits. Why lend when you make money risk free...