Tag: Reserve Posts

The Federal Reserve: A Federal Problem

Finance

Within the United States, there is a strange entity, neither completely public or completely private, that manages the monetary policies of the United States. This entity, The Federal Reserve, has the task of adjusting interest rates, and also attempting to stimulate the economy using various mechanisms such as Quantitative Easing. Thomas Jefferson, one of the founding fathers of the United States, had this to say about a government influenced monetary system: I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. […]