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The National Bank/federal reserve

melanielustmelanielust 204 Points
Is it overall beneficial for the economy or not? Curious to hear detailed perspectives.


  • agsragsr 355 PointsPremium Member
    Premium Member
    Yes, it sets critical monetarily policies that regulates our economy.  
    It also ensures that the financial services industry is appropriately regulated and is sustainable.
  • islander507islander507 76 Points
    @agsr, federal reserve is overregulating the banking system and is putting a hugh unnecessary financial burden on the economy.  
    As far as tweaking interest rates, I am not convinced it wouldn't be better off with letting it be.  I remember Greenspan messing up with that.
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