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In November 2010, a group of conservative Republican economists and political activists released an open letter to Federal Reserve Chairman Ben Bernanke questioning the efficacy of the Fed's QE program. The Fed responded that their actions reflected the economic environment of high unemployment and low inflation. Lowering interest rates can actually hurt the economy if people who depend on interest income spend less in response to their reduced income. In general, however, the Federal Reserve has assumed that the advantages of the low interest rates outweigh this effect, though they often admit that seniors may be hit as collateral damage. In the European Union, World Pensions Council (WPC) financial economists have also argued that QE-induced artificially low interest rates will have an adverse impact on the underfunding condition of pension funds as “without returns that outstrip inflation, pension investors face the real value of their savings declining rather than ratcheting up over the next few years
We need to remove anyone from the seats, that has any kind of money to gain. We need elected officials that are average people, that understand our needs. We need fresh blood in power. We need independent's with nothing to gain but betterment of the nation!
Originally posted by ABNARTY
As far as I know, the tax revenue of the US goes to pay the interest on the money the government borrows from the Fed. Most of what the government borrows is what runs the government.
So to give more taxpayer money to the Fed makes sense. They are simply making a call on the loan.