camrynhelm7696 camrynhelm7696
  • 06-11-2017
  • Business
contestada

What are the advantages of having the federal reserve oversee the regulation of the banking system?

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shinmin
shinmin shinmin
  • 17-11-2017

The advantage is that "the government" can never go bankrupt, as they are a distinct entity. The Fed is organized by Elite bankers and partly by the government. The Reserve has power to reproduce money, and the government does not. The Reserve upholds a "fractional reserve" system which is not a good system and is going to ultimately ruin. 

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