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The New DU. Reply #4: We did when we elected the government that created it and when we elect people ....
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Taitertots
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Sun May-29-11 09:02 AM
Response to Reply #3 |
| 4. We did when we elected the government that created it and when we elect people .... |
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Who appoint the leaders of the FED.
Some of the most popular answers are:
An independent monetary policy prevents politicians from manipulating the monetary policy during election cycles.
An independent monetary policy limits backlash against contraction decisions.
Politicians are notoriously ignorant of economic issues.
The leaders of the FED are legally required to act in good faith, and there is no evidence that they have not.
The FED is legally mandated to act in the public interest working toward long term stability in prices and employment.
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