You decided to join this debate

¯\_(ツ)_/¯

This man explains it quite well

Fuck banks

CB under Government.

I agree ^

As Phalanx said, it will control inflation at reasonable levels and consequently increasing internal economic development.

No central Jew bank

Kill em all 1939

You all are assuming too much.The government controlling the bank doesn't imply anything about how it will be ran. How are you gathering it'd be anymore rational? Are you implying central banks aren't already rational? Inflation is necessary to the economy, sometimes it needs to be less, sometimes it needs to be more. Inflation has been more-or-less reasonable across the West for decades and decades. All of our economies are stable. The US has been doing the best and the Fed is private. Am I saying privately controlled is better? No, but it just shows it doesn't mean too much -- at least the way the question is framed.

Some people like to point to US inflation, but the US dollar has been the strongest currency for over half a century, even if it's not the highest valued.

There are plenty of instances where the government irreparably screws up the economy.

Abolish the FED

it shouldn’t exist

Interest rates should be controlled by the free market

and the FED has caused almost every recession

@Diadochi wrong, inflation does NO good to an economy

Inflation is taxation without legislation

yes i agree

Imagine thinking 330,000,000 US citizens should be squandering over the same amount of money 2,500,000 used when the US started

Imagine not understanding expansionary monetary policy

yes that’s fine

And expansionary policies cause recessions

we’ve seen this throughout history

Inflation is no good for an economy

Keynesian lies once again

You know there is a reason that double digit inflation hasn't been a thing in a long, long time, right? Because economists realized Friedman was right. So, I agree to an extent. But I still think an economy should be somewhat managed

Even if Keynesianism is the dominant force, economists still recognize Friedman

yes Friedman was wrong on monetary policy

I already assumed you thought so

Double digit inflation is rare yes

Used to be a norm

And in those days imagine how high the taxes were

not imagine but look behind

at time

@Diadochi I don’t know why they don’t recognise the pro free market Friedman

I think the FED however should be abolished

Not only did they cause the ‘29 and ‘08 recessions

They caused almost every one between them

Their cheap credit policies which turn into contractionary policies

So, which recessions did they __not__ cause?