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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (49982)	8/2/2013 10:41:12 AM
From: TimF	Read Replies (1) \| Respond to of 85487

The decisions are made by a board whose members are appointed by presidents and confirmed by the senate. Which doesn't mean there can't be corruption in the implementation of monetary policy. Politicians and their appointees are not infrequently corrupt. But you don't point to any, you just talk about easy money, and banks profiting. The first is just managing the money supply, not inherently corrupt. The 2nd is banks taking advantage of the conditions they find themselves in. Actual corruption would be something more specific, and is something you haven't addressed yet other than by claiming it exists.