Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (7252)	3/8/2000 7:37:00 AM
From: RocketMan	Respond to of 24042

If I understand my history books right, when Congress has had direct control over the central financing of the country they tended to give it away (actually sell it) to the highest bidder. If that happens, then we have a recourse: we can vote the scums out. That is how our democracy is supposed to work. At least we, the voters, would have direct control over governmental financial policy. But what control do we or our elected representatives have over the Fed? Once the nomination is over, it is a done deal, save for Humphrey-Hawkins, which is a joke. I am firmly in favor of the chief central banker having nearly the privledges of a supreme court justice. In that case, you should vote for a constitutional amendment to provide for this. That is not in our constition. I would certainly vote against it, but at least we would make the decision democratically, rather than have that power usurped the way it has now. Hey, even if someone likes AG, and many do, what will they do if and when we get a truly bad and misguided chairman?