RE: We should all congratulate the Federal Reserve for stimulating the U.S. economy

You are viewing a single comment's thread from:

We should all congratulate the Federal Reserve for stimulating the U.S. economy

in money •  7 years ago 

The world without central banking is like the earth without a sun. It isn't possible to have a country without a central bank. You are submitting an impossible rebuttal. When you say the next bubble will burst large, I tend to disagree. I think the next bubble burst will be minimal and short lived, since QE was so large. Recessions like the Great Recession tend to only happen once every 50-100 years, so the data shows. I agree with your metaphor that the Fed is cancer, but there is no cure for cancer, just like there is no other alternative but the Fed.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!