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Politics : View from the Center and Left
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To: Gersh Avery who wrote (62943)5/2/2008 10:45:36 AM
From: KonKilo  Read Replies (1) of 541958
 
They may disagree about when and where to use foreign intervention, but never over whether it should be used at all. They may disagree over how fast interest rates should be cut by the Fed, but never over whether the Fed should exist. You get the idea.

This is essentially why I have been a Paul fan for several decades; he challenges basic assumptions.

...the Fed System works as a wealth redistribution system from poor and middle-class to the rich and politically connected.

I don't even pretend to understand how the Fed works and I wonder how many Americans do, but it seems basically wrong to have gov't controlling all the banks.

It violates free market principles for one thing, plus leans toward plutocracy.
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