As America
approaches the fiscal cliff commencing January 1, 2013, an assessment of the
historical effectiveness of the Federal Reserve’s (Fed) monetary policy is
critical to understanding the gravity of this imminent financial crisis.
Government debt
together with the Fed’s creation of money has kept the U.S. economy from
collapsing to this point, but all American’s must ask themselves if they are
truly better off today or if the problems were only escalating problems to
monstrous proportions, and deferring them to future generations.
The Federal
Reserve was formed to promote sustainable economic growth by: stability of
prices to help preserve the purchasing power of the dollar, moderate long-term
interest rates, ensure high levels of employment, and overall, make sure the
U.S. has a sound banking system and healthy economy. It is clear that the
Fed is not delivering on these objectives today.
Continuous Reading : Federal Reserve - Destroying the Middle Class Life
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