Opinion of the Federal Reserve

[Zynx]

Poll question: Opinion of the Federal Reserve

I am not asking whether or not you approve of current Fed policy. That's a matter for debate. These are very complicated times and actions cannot be perfect.

Rather I am asking whether or not you approve of the very existance of the Federal Reserve. I had long thought this was a settled issue, but as Ron Paul and others have shown it actually is not.

As a student of economics, I can personally not imagine a world without central banks as being one I would want to live in, but that's my opinion.

[readmoreoften]

1. Wow, I think a world without central banks would be fantastic. /nt

[ruiner4u]

2. im afraid to click on the poll cause of the earlier EarlG smackdown

[Jed Dilligan]

5. Why?

Voting for a jelly donut is not a statement that black people are canine excrement.

[deacon]

3. It's a "Hail Mary Pass" that will be dropped due to the fact that

it stands no chance without being coupled with a comprehensive overhaul of our tax structure and a roll bank of many of bush's economic policies, immediately.

[Zynx]

4. I am actually extremely dismayed by what I see so far.

This is truly stunning. Has no one read any history at all?

[trotsky]

7. There are gold bugs at DU.

People who really don't understand fiat currency and money supply and the power of Keynesian economics to stave off depressions. The gold standard was so thoroughly invalidated as an economic system (culimating in the global depression in the early 20th century), I think most economists felt it was in no danger of even being thought about ever again. Sadly, they were wrong, and now it seems we're fighting some of the same arguments all over again.

[Zynx]

8. The Gold Standard was a terrible system and would be unworkable in a modern

economy. It just simply isn't feasible. I think we have a bunch of morons running around with just enough information to be dangerous.

[Zynx]

6. *Kick for the evening crowd*