[DannyTN]

The fed errs on the side of low inflation rather than deflation because deflation causes depressions. 100 years of consistent low inflation makes a scary looking chart. But it's meaningless to anyone who isn't hoarding cash in their mattress for 100 years.

What is important is the stability of the dollar year to year. And the FED has excelled at maintaining that stability.

Swings of 20% deflation in a year like we had during the gold standard causes depressions. Why invest anything if you can just hold cash and increase your purchasing power due to deflation.

Keep the FED. fire the rest.

And no the Rothchildes don't own the FED. That is easily debunked.

Debunking the Federal Reserve Myths

[Errant]

Debunking the Federal Reserve Myths

Who could ever doubt a paper by:

I'm not sure how accurate the below is now, since it was created in 1976, but I trust it a lot more than something put out by some "progressive" group.

Chart of who "owns" the Federal Reserve