As America approaches the fiscal cliff commencing January 1, 2013, an assessment of the historical effectiveness of the Federal Reserve’s (Fed) monetary policy is critical to understanding the gravity of this imminent financial crisis.
Government debt together with the Fed’s creation of money has kept the U.S. economy from collapsing to this point, but all American’s must ask themselves if they are truly better off today or if the problems were only escalating problems to monstrous proportions, and deferring them to future generations.
The Federal Reserve was formed to promote sustainable economic growth by: stability of prices to help preserve the purchasing power of the dollar, moderate long-term interest rates, ensure high levels of employment, and overall, make sure the U.S. has a sound banking system and healthy economy. It is clear that the Fed is not delivering on these objectives today.
Continuous Reading : Federal Reserve - Destroying the Middle Class Life