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Thread: The FED is granted more power

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  1. #1
    Join Date
    Mar 2003
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    3,435
    Quote Originally Posted by Pooks View Post
    Well it strips down government agencies..

    so smaller government...
    How so?

  2. #2
    Join Date
    Feb 2006
    Posts
    2,365
    Quote Originally Posted by Blome View Post
    How so?
    I am betting a lot of people are going to get layed off from these state and other federal agencies,, that were overlapping as they say..

    so that should equal = smaller government..
    those people can work in the private sector..

    but yes overall.. the fed should be abolished completely..

    and free trade between the commerical banks should regulate the rates and etc...

    and use the gold standard, to keep the economy stable.. with no central bank.. no bonds will be issued, no inflation, less credit, more stable economy..

    more than likely deflation over the whole haul,, as commercial goods increase, but amount of money out there remains the same.

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