Rand Paul is trying to pass a bill to audit the Fed again, is Veeky Forums for it or against it?
If it passes what do you think will be the result?
Audit the fed
Robert King
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Matthew Brooks
Auditing the Fed would have been great back in 1930 when they didn't do their fucking job.
You had one job, Federal Reserve. ONE FUCKING JOB. LITERALLY A REASON FOR YOUR FOUNDING, TO BE THE "Lender of last resort".
BUT YOU DIDN'T! YOU FUCKING DIDN'T. YOU LET IT ALL COME CRASHING DOWN ON US.
Austin Young
politicizing a central bank by letting flat-earther congressmen from dirt farm districts tell them what to do is beyond retarded.
and the fed is already audited.
Aaron Mitchell
This right here. I fucking hate redneck Cletus's tell me how something should be done when they can't even get a handle on getting more than 80% of their high school students to graduate.
Blake Brooks
There should never be a lender of last resort. It gives the banks a cartel like position.
If a business is in dire straits and deemed critical, the Fed should step in to buy the failing business at an extremely low price.
It can then be kept, with profit returning to the taxpayer, or its shares sold again in the future at profit.
The current mechanism of guaranteeing loans is terrible.
Grayson Fisher
to further add to this,
The Fed should only by a critical business AFTER it has been officially declared bankrupt.
Creditors should then accept their losses.
Owen Baker
Get out of my country you fucking socialist
Connor Reyes
haha
Im definitely no socialist.
What the Fed does just now is far more socialist than what i proposed.
The Fed basically uses tax payers money to prop up failing businesses - a capitalist would allow those businesses to fail and create huge opportunity for others.
Effectively you have lots of major US businesses dependant upon the government nipple
Lucas Hernandez
everything centraliced is related to politics
Evan James
>The Fed basically uses tax payers money to prop up failing businesses
u do know fed just loans the money right? and that taarp wasnt fed's doing?
and you do realize if the fed's role is to provide liquidity to the system, it failed massively if banks become insolvent?
and what do you think would happen if the ffed let the banks fail? do you want another great depression? owait i bet you do