To: amorphous
The Feds own historic accounts are muddy on this event, yet they do admit that the goal of the central bank was to restrict liquidity in order to disrupt credit conditions that were allowing speculation to thrive. To this day Fed officials act as though they are unaware that their efforts to stimulate actually created financial bubbles. And to this day, they still act as though they are unaware that tightening policy into economic weakness has a tendency to cause those bubbles to implode. The Fed is just another typical government agency. Staffed with people creating the very problems they're supposed to prevent and arrogant enough to not realize it.
3 posted on
08/09/2019 5:19:47 PM PDT by
Flick Lives
(MSM, the Enemy of the People since 1898)
To: Flick Lives
--
The Fed is just another typical government agency. --
Federal Reserve is as much "government" as Federal Express is. Federal Reserve is a private bank.
4 posted on
08/09/2019 5:22:11 PM PDT by
Cboldt
To: Flick Lives
The Federal Reserve is a private entity.
Also, I would say it’s quite naive to think they don’t know what they’re doing. It’s intentional.
22 posted on
08/09/2019 6:53:05 PM PDT by
Bulwyf
To: Flick Lives
“The Fed is just another typical government agency. Staffed with people creating the very problems they’re supposed to prevent and arrogant enough to not realize it.”
AAAAAAAAAAmen, AAAAAAAAAAAAAmen, AAAAAAAAAAAmen, Amen, Amen
61 posted on
08/10/2019 7:52:04 AM PDT by
RipSawyer
(I need some green first and then we'll talk a new deal!http://www.freerepublic.com/focus/f-news/3763)
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