The Corrupt Fed
After reading about the structure of the Federal Reserve I wondered about the conflicts of interest inherent in a system where private banks are represented on the body that is supposed to regulate them. Joseph Stiglitz makes that point, calling it "a corrupt governing structure." Ron Paul and other libertarians have called for the ending of the Fed. Of course, he doesn't believe in having any central bank. I would say that even if you accepted the need for a central bank, the current federal system is definitely the wrong way to structure it. It's lead to a disastrous situation where bankers are bailed out but the economy is threatened with ruin.
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