Reply #9: Opposition to and being in favor of the Federal Reserve is not a Left-Right issue.

[Trillo]

I believe it's closer to a Authoritarian-Liberal issue. I'm thinking of the Political Compass grid in particular.

As such, you can be solidly in the middle of the lefties and righties, and still be against granting the power to create money to a few private entities, depending upon where you fall on the Authoritarian-Liberal axis. I would presume that if you were Liberal, you'd be infavor of everyone as a private citizen being able to create money or in favor of a Central Bank that's publicly owned by all of us together, for instance, controlled by congress. If you're an Authoritarian, and simply like the power that money grants you over other people, then you'd probably be all for a Centralized Bank, composed of smaller banks that are all privately owned by a few.

Now where it gets sticky is when someone thinks of themselves as a Liberal, but are for a privately owned system of banks under control of a quasi-public-private central bank, I suspect they just haven't thought it through, or are perhaps secretly a closet Authoritarian.

Moving away from the Political Compass structure, one has to ask, where on the conservative/progressive axis does Federal Reserve reform lie?

One can probably tie one's thinking up in knots trying to understand a "conservative-liberal" axis as it's so often framed, as then it seems in practice we end up with a 90deg http://www.lcurve.org/">L curve.