Can someone explain the federal reserve to me?
Can someone explain the federal reserve to me?
Juan Walker
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Carson Powell
"Why don't the poor just print more money?" - Ayy Lmao
Wyatt Garcia
Jews being jews.
Ryder White
...
Juan Carter
Google it. Investopedia probably has a really good video on it
Landon Hall
a quiet inflationary tax to keep things moving
Bentley Morales
Are you asking for a, dare i say it, QUICK RUNDOWN?
Jacob Rodriguez
maybe
Lucas Perez
So is it a good thing because it helps the US dollar retain value? Or is it bad because it's not controlled by the us dollar? These seem to be the main arguments that people like to talk about.
I hate this shity meme
Jack Ward
I meant, "not controlled by the us government"
Michael Hall
It's bad because it causes the US dollar to lose value over time.
Nathaniel Bailey
From inflation? It seems to me that if anything the fed slows down inflation, because there isn't any possibility of the US gov printing money to pay for expenses.
Chase Nguyen
>there isn't any possibility of the US gov printing money to pay for expenses.
Uhhhh.
Logan Ward
Look up Mike Maloney secrets of money
Parker Hernandez
...
Grayson Jackson
Justin Cooper
Investopedia is only a step above clickbait quality. There are much better sources out there for learning about the Federal Reserve, including Wikipedia. Nobody should be taking Investopedia seriously as a source of education.
Brayden Fisher
>this entire post
Ryder Garcia
theyre the core devs of analog bitcoin
Wyatt Harris
This is some high quality bait.
God damn.
Brody Morris
Yes, exactly, absolutely, good. The Federal Reserve must remain politically independent in order to avoid the influence of politics on its carrying out of monetary policy based on its own directives and expertise. Therefore they slow down inflation, because if congress could politically influence them they would just print money to solve their problems.
Jaxson Hernandez
>Can someone explain the federal reserve to me?
Federal Reserve -> there is no reserve
It's equivalent to infinite money hack in a computer game.
They have to call it federal reserve and be all serious and have a nice building and look serperated from politics basically just so people are going to believe the will not absue the hack.
It's like you have an infinite money cheater in the game and he needs to try to make the normal players believe he will use his power only for the greater good and everybody will benefit from his cheating.
Aiden Diaz
>there is no reserve
I forgot
they actually have some reserve. It's consists of the left overs of the honest monetary base of old that they jewed the people out of (they forbid physical gold and everybody had to hand in theirs for paper dollar)
+
Some spoils of war
Ryan Gray
I bet you're the kind of person who complains about the Fed bailing out the banks, aren't you?
Ian Watson
>wanting his tax dollars to pay for his greedy kike master's stupdity
stay in school