posted on Sep, 25 2009 @ 11:38 AM
Originally posted by danj3ris
I'm really finding this discussion highly interesting.
Alvarez claims that the Fed being more open about it's monetary policy would subject it to political influence, and henceforth would not be good for
the public interest. Dr. Paul says that "public interest" is not clearly defined and believes that as a congressman voted into his position by the
public, he and others work towards what is best for the public interest.
I never watched one of these hearings before, but it's pretty entertaining.
Big Big is right on with this.
Leave the FED alone, you or I or Russia or China does not need to know what we are doing when and why.
We already release a lot of this information, if you were interested you (not you specifically) would have heard Ben talk about what the FED will be
purchasing and how much longer etc.
Also, do you want someone like your local congressman having an influence on the outlook of the econ? I sure as hell wouldn't.. be careful what you
ask for IMO, but I do not think I am wrong here.
Also, why give another country a heads up to what we are going to do so they can short us out or snipe our positions? This is god damn ridiculous
IMO, seriously, I dont care if this makes me sound like a govt. shill
[edit on 25-9-2009 by GreenBicMan]