So you want to have it both ways. The Fed was created in 1913 to avert wild swings. So in your mind when there is a wild swing it's the boogieman of the Gold Standard, or Nixon, or Obama, or Bush. But during the good times, it's all the Fed. lol
I didn't say "took over from" anywhere. The Fed was created in 1913, while we were on the gold standard. The Fed was around for many years while we were on the gold standard. Sounds like the only contradiction is in your understanding.
So the Fed was created in 1913 but had no effect on anything? Why create it the first place then? Why keep it if it's not doing anything?
The Fed was created in 1913.
But it had nothing to do with the Great Depression?
How does the Fed steal anything from anyone? Spell it out.
3% target inflation.
No I don't. I just want the facts.
The Fed was created in 1913 to avert wild swings.
Yes, that was the idea.
So in your mind when there is a wild swing it's the boogieman of the Gold Standard, or Nixon, or Obama, or Bush. But during the good times, it's all the Fed. lol
Nope. LOL!
So the Fed was created in 1913 but had no effect on anything?
Who said that? Link?
Why create it the first place then? Why keep it if it's not doing anything?
I wasn't alive in 1913, you're asking the wrong person.
The Fed was created in 1913.
But it had nothing to do with the Great Depression?
You should read some Milton Friedman (it might cure your ignorance).