Kasz216 on 23 December 2013
People don't like the fed. I get that...
I don't see a better option however.
an asset based currency like the gold standard seems impossible in the modern world... and countries without central banks or that have had direct government control of them have been unmitigated disasters who end up selling out a countries long term future almost immediatly to get out of short term debt/be able to short term spend.
The Fed is really just like the Supreme court, and is independent for the same reasons. (Those who think it's not a government organization and is privately owned generally don't know what they're talking about... )
