Your textbook authors suggested in the BIG 10 ideas of economics that Central Banking is hard. After this week's review, do you agree with your authors that the Fed does more good than harm? Why or why not?
I believe that the fed does more good than harm. Conducting monetary policy and maintaining financial stability are benefits that we rely on to produce as a country. The Fed was created in response to financial panic, so surely its better than nothing, and it will continue to evolve and be reformed as society learns how to better use it.
I believe that in terms of what the fed was suppose to do when it was created in 1913, yes. However, in current times I do not believe the fed does more good than harm. The general idea of the fed when it was created was to decrease the extreme's that were occurring in the US economy. It has decreased the extreme's of our economies cycle; however, times have changed and so have other institutions. I believe that there are enough institutions, and there are too many hands in our economy. The government has control of everything as it is right now so therefore if the government trend of intervention and taking control of everything continues then we do not need to fed. With that said, if the government decreased their invention and control on businesses and the lives of the public the fed could do only what they were created to do. The fed has also pushed the boundary of their rights, and they have more control over aspects than in 1913. Altogether I think the Fed, has done more good than harm in terms of reasons it was created in 1913; however in today's times due to changes in the US and the fed's boundaries,I believe they do more harm than good.
I believe that the Fed does more good than harm. I believe this because it was created to help resolve economic crisis. And if we did not have the Fed today our economic crisis right now could be worse. We do not know what it would be like if it was not around.
I agree with both Meghan and Spencer. I believe that the fed has not helped with the current crisis and that there is possibly too many people involved with our economy. On the other hand Spencer makes a good point that we do not know what it would be like with it gone. So in a sense, it is fairly helpful.
In my opinion i think that the Fed is very helpful. The Fed was designed to help our country with economic crisis, and was implemented after an extreme economic crisis in our countries earlier history, we would have no idea how much worse how current economy would be if we did not have the fed.
I agree with the authors that the Fed does more good than harm. The fed does a lot for the American Economy such as: conducting the nation's monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions. Without the Fed none of these operations would be possible.
It is obvious that the Fed is not a flawless institution. It undoubtedly has some weaknesses and may not be the most effective driver of economic growth, but it certainly has at least some power to aid a struggling economy. Without it, our nation would most likely have a very difficult time implementing monetary policy, and there would be a significant lack of order and control in the banking system. Therefore, despite its imperfections, the Fed is an important element of our economy and does more good than harm.
The Feds conduct monetary policy, regulate banking institutions, and provide many financial services to institutions. Our economy would lack control over our banking systems and most likely our economy would be far worse off without the help of the Feds. They definitely have their flaws, but the organization of the United States money flow and banking systems could certainly be far worse if we were to not have the Fed’s help. I believe that the Fed does more good than harm to our economy.
I believe that having the Fed active in our economy has done more good than it has done harm. The fed is in charge of many facets of our economy, such as controlling monetary policy and regulating several other very important facets necessary to keep our economy healthy. Without the Fed, i would worry about the stability of our economy. We cannot forget that crash in the 1930's was widely due to mass panic with the people who had money in the banks. the fed now makes panics like that impossible, and our economy has benefited from that.
I believe the Fed has good intentions but the result of their actions may back fire. According to the QE2, critics say the Fed's are making a huge mistake with additional money being injected into the market. The intention is to lower inflation but increase employment rates, although the way they are going about this is not making much of a change in the economy. Inflation remains at the same rate of 2% if not a little under that. And employment rate is stagnant. Therefore, the fed has good intentions but their actions could be the least bit beneficial as of current issues.
I believe that the Fed intentions are good but they aren't always as helpful as they seem. Going off of what Lauren said, that they are trying to decrease inflation and increase employment rate by putting money into the market. By putting money into the the market like that they are just causing more and more inflation because when they buy securities they give the banks more money to lend out. When banks lend out money it creates money that isn't there because they loan out 90% of it then someone else gets that loan puts it in another bank and then that bank loans out 90% of it again. Therefor putting money into the system that technically isn't there which causes inflation. It is also helping the banks make more money rather than causing employment to go up.
I agree that the Fed does more good than harm. The Fed is key with regulating the economy and controlling monetary policy. The US needs structure when it comes to topics such as this. The Fed helps to stabilize the market and ensure everything is flowing accordingly.
In my opinion, yes central banking has proved to be difficult. It is a constant gamble on what to do next, each decision has to be so carefully planned yet the outcome of those ideas are so unpredictable that it is nearly impossible to tell whether the right decision is being made. I do feel that the FED is doing more good than harm. However, lately I feel that the FED has lost sight in its true goal of maintaining a stable and healthy economy. For all the thought that has gone into the theory of economics it lacks greatly in futuristic planning and scenario. The Fed as well as many modern institutions have not taken the inevitable change overtime into account of their policies and therefore many policies fail or seem to quit working after a certain point. Currently, the fed is failing in easing the country out of recession because all of their former policies are ineffective. It is time that they fed as well as many other Economic policies evolve with the times and form new better policies, theories and ideas. Our economy has grown to be so much more complicated through globalization, the constant changes in technology, production, consumption, the lack of natural resources and so much more that society faces today that it is not at all surprising that old policies are seemingly ineffective.
I agree with Cowen and Tabarrok.The main reason being that the Federal Reserve System is the only institution that can increase the money supply by making money or by adding reserves to bank accounts. They introduce the new money supply into the market through open market operations and lendings. This, eventually stimulates the economy causing an increase in the aggregate demand. Having the power to make and reserve most of the money supply also gives the Federal Reserve System the power to save other institutions such as banks from going bankrupt. Saving these banks can also save all of its costumers, which does not necessarily stimulate the economy right away but it at least saves it from becoming worse.
It is true that the Federal Reserve also has limited tools to increase aggregate demand and that these tools "do not increase aggregate demand by any guaranteed amount" (Cowen, Tabarrock pg 302). However, predicting (at the right time) how much the banks will lend and how much they will save from the money supply that the Fed has lent or given to them can significantly increase the aggregate demand. This is indeed a hard job to do but the Fed usually does a great job at it; which is why,in my opinion, the Fed does more good than harm .
I believe that today the Fed may be doing a little more harm than good. While I think the Feds intentions are good, the Fed can be far to quick to act and inject liquidity into the market. I do however think that the Fed is necessary to help the economy in times of economic crisis, but I do think that when the Fed does too much it leads to more future problems like inflation and more "bubbles" in the market. Just like government intervention, less is more in my opinion.
I do think that the Fed does more good than harm and is needed to monitor the economy. If the Fed did not exist any shock would result in extreme economic conditions with no set options for recovery.
I believe the Fed does more good than harm. There is so much the Fed regulates involving the economy and controlling monetary policy. If there was not an organization like the Federal Reserve there would be much bigger issues than what we are facing today. The Fed helps stabalize the economy and help things flow smoothly. When things start to change the Fed steps in to keep them from changing too drastically, which is very important.
I think the Fed does more harm than good. Even though the Fed has helped the economy during bad times, I think it has way too much power and influence especially after the most recent recession and the great depression.
The Fed does more good than harm. The Fed’s control of monetary policy keeps that volatile issue out of the hands of politicians with their own agendas. Even though the Fed does not always make the best decisions, i.e., current market conditions, without the central bank our economy would collapse.
I believe that the Fed does more good than harm. Though it can be argued that lately this is not the case, i feel in the long run it helps our economy stay stable. The establishment of monetary policy surely helps tender an overheated economy at times. the establishment has yet to fail uncontrollably, and proves to be useful.
The fed was developed to limit the severity of extremes within our Economy. For the most part I feel that the Fed has fulfilled its job description and has truly been working to keep the major fluctuations to a minimum. However, as of late, I am not as confident in the Feds ability to do its job. I feel that with the fed controlling monetary policy and regulating the economy it becomes quite helpful in maintaining financial stability, and Americans are truly dependent on these benefits. (Who knows what we would do without these benefits? As people stated above, the fed has been around since 1913)
I do believe that they do more good than harm. As mentioned above, the Fed is there to try and improve the economy, especially in terms of bad economic times. Through fiscal and monetary policy, the Fed helps to improve our economy during periods of struggle.
I believe that, yes, the Fed does more good than harm. The Fed does it job to help the economy through monetary policy and does it best to keep our country's economy stable. Even though sometimes I believe it's policies backfire which is the majority of what we hear about on the news about the Fed. I think it is easy for us to point fingers at the Fed, but overall I think they help us more than they hurt us during tough times.
I believe that the fed does more good than bad, however the fed can make things really bad when trying to good. An example would be when the mistake a real shock for an Aggregate demand shock thus they would buy bonds to increase the money supply only to cause inflation and thus reduce gdp by a decrease in productivity and private spending. Its tricky because when the fed is trying to in act monetary and fiscal policy they don't have the appropriate data to make the best inferences but I believe the Fed does more good then bad. We got to understand without the fed making decisions the a lot more people would have suffered in the great depression and in the 1980's inflation would not have been curtailed
I believe that the fed does more good than harm. It is really hard to determine how the economy will act and at times it is simply impossible to accurately predict how the economy will fluctuate. This being said, I think the fed does the best job it can to help ease the repercussions of a down economy. Although sometimes the effects of the fed's policies are not the desired ones, the fed has the best intentions for people and the economy. In that sense the fed is definitely doing more good than harm.
As the majority voices, I also believe that the Fed does more good than harm. The Fed is there to help our economy in financial crisis, and although it may seem that some of the choices they make are wrong, it is good to know that there is actually something out there that will at least try to help. Granted, we all have different opinions, and one man's wrong is another man's right, I feel that people feel more secure knowing that there is a potential "back up" plan to at at the very least, release, some economic tension.
yes, i believe that the fed does more good than harm, it is hard to control the actions of millions of people through bank rates, and that is essential what the fed does.
yes i have to agree that the fed overall does much more good than harm. I think that the fed is looked upon as a sort of safety net for millions of people. It gives the people a feeling of safety in the sense that, in the event of a natural disaster, attack, or economic crisis, we dont need to go scrambling to the banks to withdraw our life savings. Its keeps people from panicing in hard times which is very important to an economy's stability. So overall i think that yes the fed does much more good than harm.
the fed does more good than harm. it is a large part of the US economy and without it, there would be chaos. the central banking and money supply is necessary for the country to function.
I will be crazy, if I say that the Fed does more harm than good!!! The Fed is an institution that promotes stability in our national economy. The sole purpose of the Fed is to promote growth and stability in the national economy. The Fed was founded in 1913 the same year that J.P. Morgan died, since J.P. Morgan served as the Fed before the Fed existed it was crucial for the formation of the Fed to happen. In the crash of 1907 J.P. Morgan helped to stabilized the economy by pouring money into the economy. After this event the government and important financial individuals of the time saw that it was crucial for the national economy to have a central bank. That is how the Fed was born.
Yes i definitely agree that the fed does more good than harm because it is a large operating partner in how the US economy functions. With out the fed the US economy would fall apart, sending markets, not just in the US, but throughout the world in panic and disarray.
I strongly agree that the Fed does more good than harm because it adjusts the amount of money in the market. This work by the Fed definitely controls US economy and ease deflation or inflation.
I would have to agree that the Fed does more good than harm. Many of the problems that have plagued the economy throughout the years would have been much more severe if the Fed was not in existence.
I agree with the authors and most of my classmates that the fed does more good than harm. It is a necessary institution to monitor the flow of money. It plays a key role in changing/stablizing the money multiplier, which has a huge effect on the whole economy. Without some institution to occasionally step in, the recession/depressions in the past and currently would create a long-run problem and would take much longer to get out of.
I agree with my classmates that the Fed does more harm than good. I believe this because looking at the information we were given they do more with the money supply than they should. They effect the money supply whenever they can. I know that sometimes we do need them to step in but not all the time. If they have not stepped in at times, it would have cause a lot more long term problems than we needed. Although we do ned them at times, they should not always step in.
I think the Fed has a positive impact as a regulatory system and ought to be recognized for making an appropriate decision in bailing out banks, despite condemnable errors in carrying out that task. Still I feel ill-equipped to critique their actions though I verify its right to exist as an institution.
i'd say that the federal government's fiscal and monetary policies do more harm than good, and are important for maintaining a level economy, especially during extreme economic times. the fed does however need to be regulated to a certain extent, because if the government overcompensates, it can do more harm than good.
I think there needs to be some restricted/limitations on what the fed can and cant do. There are times when the Fed does an excellent job of regulating the money and then there are times when they just looking out for themselves --oakford gross
I believe that the fed does more good than harm. Conducting monetary policy and maintaining financial stability are benefits that we rely on to produce as a country. The Fed was created in response to financial panic, so surely its better than nothing, and it will continue to evolve and be reformed as society learns how to better use it.
ReplyDeleteI believe that in terms of what the fed was suppose to do when it was created in 1913, yes. However, in current times I do not believe the fed does more good than harm. The general idea of the fed when it was created was to decrease the extreme's that were occurring in the US economy. It has decreased the extreme's of our economies cycle; however, times have changed and so have other institutions. I believe that there are enough institutions, and there are too many hands in our economy. The government has control of everything as it is right now so therefore if the government trend of intervention and taking control of everything continues then we do not need to fed. With that said, if the government decreased their invention and control on businesses and the lives of the public the fed could do only what they were created to do. The fed has also pushed the boundary of their rights, and they have more control over aspects than in 1913. Altogether I think the Fed, has done more good than harm in terms of reasons it was created in 1913; however in today's times due to changes in the US and the fed's boundaries,I believe they do more harm than good.
ReplyDeleteI believe that the Fed does more good than harm. I believe this because it was created to help resolve economic crisis. And if we did not have the Fed today our economic crisis right now could be worse. We do not know what it would be like if it was not around.
ReplyDeleteI agree with both Meghan and Spencer. I believe that the fed has not helped with the current crisis and that there is possibly too many people involved with our economy. On the other hand Spencer makes a good point that we do not know what it would be like with it gone. So in a sense, it is fairly helpful.
ReplyDeleteIn my opinion i think that the Fed is very helpful. The Fed was designed to help our country with economic crisis, and was implemented after an extreme economic crisis in our countries earlier history, we would have no idea how much worse how current economy would be if we did not have the fed.
ReplyDeleteI agree with the authors that the Fed does more good than harm. The fed does a lot for the American Economy such as: conducting the nation's monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions. Without the Fed none of these operations would be possible.
ReplyDeleteIt is obvious that the Fed is not a flawless institution. It undoubtedly has some weaknesses and may not be the most effective driver of economic growth, but it certainly has at least some power to aid a struggling economy. Without it, our nation would most likely have a very difficult time implementing monetary policy, and there would be a significant lack of order and control in the banking system. Therefore, despite its imperfections, the Fed is an important element of our economy and does more good than harm.
ReplyDeleteThe Feds conduct monetary policy, regulate banking institutions, and provide many financial services to institutions. Our economy would lack control over our banking systems and most likely our economy would be far worse off without the help of the Feds. They definitely have their flaws, but the organization of the United States money flow and banking systems could certainly be far worse if we were to not have the Fed’s help. I believe that the Fed does more good than harm to our economy.
ReplyDeleteI believe that having the Fed active in our economy has done more good than it has done harm. The fed is in charge of many facets of our economy, such as controlling monetary policy and regulating several other very important facets necessary to keep our economy healthy. Without the Fed, i would worry about the stability of our economy. We cannot forget that crash in the 1930's was widely due to mass panic with the people who had money in the banks. the fed now makes panics like that impossible, and our economy has benefited from that.
ReplyDeleteI believe the Fed has good intentions but the result of their actions may back fire. According to the QE2, critics say the Fed's are making a huge mistake with additional money being injected into the market. The intention is to lower inflation but increase employment rates, although the way they are going about this is not making much of a change in the economy. Inflation remains at the same rate of 2% if not a little under that. And employment rate is stagnant. Therefore, the fed has good intentions but their actions could be the least bit beneficial as of current issues.
ReplyDeleteI believe that the Fed intentions are good but they aren't always as helpful as they seem. Going off of what Lauren said, that they are trying to decrease inflation and increase employment rate by putting money into the market. By putting money into the the market like that they are just causing more and more inflation because when they buy securities they give the banks more money to lend out. When banks lend out money it creates money that isn't there because they loan out 90% of it then someone else gets that loan puts it in another bank and then that bank loans out 90% of it again. Therefor putting money into the system that technically isn't there which causes inflation. It is also helping the banks make more money rather than causing employment to go up.
ReplyDeleteI agree that the Fed does more good than harm. The Fed is key with regulating the economy and controlling monetary policy. The US needs structure when it comes to topics such as this. The Fed helps to stabilize the market and ensure everything is flowing accordingly.
ReplyDeleteIn my opinion, yes central banking has proved to be difficult. It is a constant gamble on what to do next, each decision has to be so carefully planned yet the outcome of those ideas are so unpredictable that it is nearly impossible to tell whether the right decision is being made. I do feel that the FED is doing more good than harm. However, lately I feel that the FED has lost sight in its true goal of maintaining a stable and healthy economy. For all the thought that has gone into the theory of economics it lacks greatly in futuristic planning and scenario. The Fed as well as many modern institutions have not taken the inevitable change overtime into account of their policies and therefore many policies fail or seem to quit working after a certain point. Currently, the fed is failing in easing the country out of recession because all of their former policies are ineffective. It is time that they fed as well as many other Economic policies evolve with the times and form new better policies, theories and ideas. Our economy has grown to be so much more complicated through globalization, the constant changes in technology, production, consumption, the lack of natural resources and so much more that society faces today that it is not at all surprising that old policies are seemingly ineffective.
ReplyDeleteI agree with Cowen and Tabarrok.The main reason being that the Federal Reserve System is the only institution that can increase the money supply by making money or by adding reserves to bank accounts. They introduce the new money supply into the market through open market operations and lendings. This, eventually stimulates the economy causing an increase in the aggregate demand. Having the power to make and reserve most of the money supply also gives the Federal Reserve System the power to save other institutions such as banks from going bankrupt. Saving these banks can also save all of its costumers, which does not necessarily stimulate the economy right away but it at least saves it from becoming worse.
ReplyDeleteIt is true that the Federal Reserve also has limited tools to increase aggregate demand and that these tools "do not increase aggregate demand by any guaranteed amount" (Cowen, Tabarrock pg 302). However, predicting (at the right time) how much the banks will lend and how much they will save from the money supply that the Fed has lent or given to them can significantly increase the aggregate demand. This is indeed a hard job to do but the Fed usually does a great job at it; which is why,in my opinion, the Fed does more good than harm .
I believe that today the Fed may be doing a little more harm than good. While I think the Feds intentions are good, the Fed can be far to quick to act and inject liquidity into the market. I do however think that the Fed is necessary to help the economy in times of economic crisis, but I do think that when the Fed does too much it leads to more future problems like inflation and more "bubbles" in the market. Just like government intervention, less is more in my opinion.
ReplyDeleteI do think that the Fed does more good than harm and is needed to monitor the economy. If the Fed did not exist any shock would result in extreme economic conditions with no set options for recovery.
ReplyDeleteI believe the Fed does more good than harm. There is so much the Fed regulates involving the economy and controlling monetary policy. If there was not an organization like the Federal Reserve there would be much bigger issues than what we are facing today. The Fed helps stabalize the economy and help things flow smoothly. When things start to change the Fed steps in to keep them from changing too drastically, which is very important.
ReplyDeleteI think the Fed does more harm than good. Even though the Fed has helped the economy during bad times, I think it has way too much power and influence especially after the most recent recession and the great depression.
ReplyDeleteAndrew Reed
The Fed does more good than harm. The Fed’s control of monetary policy keeps that volatile issue out of the hands of politicians with their own agendas. Even though the Fed does not always make the best decisions, i.e., current market conditions, without the central bank our economy would collapse.
ReplyDeleteI believe that the Fed does more good than harm. Though it can be argued that lately this is not the case, i feel in the long run it helps our economy stay stable. The establishment of monetary policy surely helps tender an overheated economy at times. the establishment has yet to fail uncontrollably, and proves to be useful.
ReplyDeleteThe fed was developed to limit the severity of extremes within our Economy. For the most part I feel that the Fed has fulfilled its job description and has truly been working to keep the major fluctuations to a minimum. However, as of late, I am not as confident in the Feds ability to do its job. I feel that with the fed controlling monetary policy and regulating the economy it becomes quite helpful in maintaining financial stability, and Americans are truly dependent on these benefits. (Who knows what we would do without these benefits? As people stated above, the fed has been around since 1913)
ReplyDeleteI do believe that they do more good than harm. As mentioned above, the Fed is there to try and improve the economy, especially in terms of bad economic times. Through fiscal and monetary policy, the Fed helps to improve our economy during periods of struggle.
ReplyDeleteI believe that, yes, the Fed does more good than harm. The Fed does it job to help the economy through monetary policy and does it best to keep our country's economy stable. Even though sometimes I believe it's policies backfire which is the majority of what we hear about on the news about the Fed. I think it is easy for us to point fingers at the Fed, but overall I think they help us more than they hurt us during tough times.
ReplyDeleteI believe that the fed does more good than bad, however the fed can make things really bad when trying to good. An example would be when the mistake a real shock for an Aggregate demand shock thus they would buy bonds to increase the money supply only to cause inflation and thus reduce gdp by a decrease in productivity and private spending. Its tricky because when the fed is trying to in act monetary and fiscal policy they don't have the appropriate data to make the best inferences but I believe the Fed does more good then bad. We got to understand without the fed making decisions the a lot more people would have suffered in the great depression and in the 1980's inflation would not have been curtailed
ReplyDeleteI believe that the fed does more good than harm. It is really hard to determine how the economy will act and at times it is simply impossible to accurately predict how the economy will fluctuate. This being said, I think the fed does the best job it can to help ease the repercussions of a down economy. Although sometimes the effects of the fed's policies are not the desired ones, the fed has the best intentions for people and the economy. In that sense the fed is definitely doing more good than harm.
ReplyDeleteAs the majority voices, I also believe that the Fed does more good than harm. The Fed is there to help our economy in financial crisis, and although it may seem that some of the choices they make are wrong, it is good to know that there is actually something out there that will at least try to help. Granted, we all have different opinions, and one man's wrong is another man's right, I feel that people feel more secure knowing that there is a potential "back up" plan to at at the very least, release, some economic tension.
ReplyDeleteyes, i believe that the fed does more good than harm, it is hard to control the actions of millions of people through bank rates, and that is essential what the fed does.
ReplyDeleteyes i have to agree that the fed overall does much more good than harm. I think that the fed is looked upon as a sort of safety net for millions of people. It gives the people a feeling of safety in the sense that, in the event of a natural disaster, attack, or economic crisis, we dont need to go scrambling to the banks to withdraw our life savings. Its keeps people from panicing in hard times which is very important to an economy's stability. So overall i think that yes the fed does much more good than harm.
ReplyDeletethe fed does more good than harm. it is a large part of the US economy and without it, there would be chaos. the central banking and money supply is necessary for the country to function.
ReplyDeleteBy: Gustavo Gutierrez
ReplyDeleteI will be crazy, if I say that the Fed does more harm than good!!! The Fed is an institution that promotes stability in our national economy. The sole purpose of the Fed is to promote growth and stability in the national economy. The Fed was founded in 1913 the same year that J.P. Morgan died, since J.P. Morgan served as the Fed before the Fed existed it was crucial for the formation of the Fed to happen. In the crash of 1907 J.P. Morgan helped to stabilized the economy by pouring money into the economy. After this event the government and important financial individuals of the time saw that it was crucial for the national economy to have a central bank. That is how the Fed was born.
Yes i definitely agree that the fed does more good than harm because it is a large operating partner in how the US economy functions. With out the fed the US economy would fall apart, sending markets, not just in the US, but throughout the world in panic and disarray.
ReplyDeleteJack Laurence
I strongly agree that the Fed does more good than harm because it adjusts the amount of money in the market. This work by the Fed definitely controls US economy and ease deflation or inflation.
ReplyDeleteI would have to agree that the Fed does more good than harm. Many of the problems that have plagued the economy throughout the years would have been much more severe if the Fed was not in existence.
ReplyDeleteI agree with the authors and most of my classmates that the fed does more good than harm. It is a necessary institution to monitor the flow of money. It plays a key role in changing/stablizing the money multiplier, which has a huge effect on the whole economy. Without some institution to occasionally step in, the recession/depressions in the past and currently would create a long-run problem and would take much longer to get out of.
ReplyDeleteI agree with my classmates that the Fed does more harm than good. I believe this because looking at the information we were given they do more with the money supply than they should. They effect the money supply whenever they can. I know that sometimes we do need them to step in but not all the time. If they have not stepped in at times, it would have cause a lot more long term problems than we needed. Although we do ned them at times, they should not always step in.
ReplyDeleteI think the Fed has a positive impact as a regulatory system and ought to be recognized for making an appropriate decision in bailing out banks, despite condemnable errors in carrying out that task. Still I feel ill-equipped to critique their actions though I verify its right to exist as an institution.
ReplyDeletei'd say that the federal government's fiscal and monetary policies do more harm than good, and are important for maintaining a level economy, especially during extreme economic times. the fed does however need to be regulated to a certain extent, because if the government overcompensates, it can do more harm than good.
ReplyDeleteI think there needs to be some restricted/limitations on what the fed can and cant do. There are times when the Fed does an excellent job of regulating the money and then there are times when they just looking out for themselves --oakford gross
ReplyDelete