Saturday, June 16, 2012

How Many Regulators Do We Really Need?


When it comes to banking and economics, it’s about time we streamlined regulation in America.

We need one agency to control the value of the U.S. dollar and inflation. As a graduate student specializing in the federal reserve system, I can tell you the current Federal Reserve has entirely lost its way and has become an arm of the government Treasury and is no longer a relatively independent body it once was. (See the Earl J. Weinreb NewsHole® comments.)

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