[Cincinnatus.45-70]

That is the classic question that answers itself.

If the Fed did its job as that was originally announced to the public in 1913, it would be responsible for the public good, not just enriching its banker friends.

I doubt whether anyone involved with creating the Fed ever intended to do anything but enrich their friends. But being told publicly and by law to live up to their propaganda is gagging them like a live pollywog in their caviar.

[expat_panama]

If the Fed did its job as that was originally announced to the public in 1913...

--and ignore all the stuff Congress has added in since?   My take is that the FED is the hired help, and when the paid help's goofing off I fault management for not doing its job.

[Original Lurker]

“I doubt whether anyone involved with creating the Fed ever intended to do anything but enrich their friends.”

---

Exactly!
The Fed has become so politicized it’s beyond redemption.
The modern Fed is tantamount to the money changers during Christ’s time.