The Most Fresh & Cordial Political Thread Ever

[BaltimoreSkins]

Originally Posted by sdskinsfan2001

Federal Reserve:

For or against?

I'm against, but I also don't research this (I should) enough to make a passionate response for my opinion. Interested to hear other opinions.

I think as we get into more progressive financial turmoil, climate change, water wars, infectious diseases etc, having a uniform regulating body is a good thing. That being said I think the Fed has done a shitty job regulating what it is supposed to.

The alternatives really don't appeal to me either. Having banks make their own rules sounds like the basis of a free market but we know it will lead to higher interest rate loans in poor communities and further consolidation of power into banking conglomerates and away from more local and regional institutions.

Going to a commodity standard like the gold standard doesn't make sense especially for the United States. Our entire economy is predicated on growth for the sake of growth. You can't have your dollar grow when it's worth is tied into a finite resource.