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The National Bank/federal reserve
in General

By melanielustmelanielust 285 Pts
Is it overall beneficial for the economy or not? Curious to hear detailed perspectives.
agsr



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Arguments

  • agsragsr 852 Pts
    Yes, it sets critical monetarily policies that regulates our economy.  
    It also ensures that the financial services industry is appropriately regulated and is sustainable.
    melanielust
    Live Long and Prosper
  • @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.
    melanielust
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