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Reply #185: The Fed is not a private bank in any conventional sense [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Taitertots Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-13-10 03:56 AM
Response to Reply #173
185. The Fed is not a private bank in any conventional sense
They are a central bank, not a private bank.

As chairman of the Federal Reserve Greenspan had no authority at all to effect employee insecurity. However, he is certainly right that it acts as a hedge against inflation. Calling "employee insecurity" a Greenspan policy is disingenuous at best.
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