Comment: I have trouble

(See in situ)


I have trouble

attempting to validate something so intrinsically corrupt and crooked. You can say that having one currency affording the liquidity for the market is very nice, but we had that before the FED.

You could look for some floor arguments or discussions at the time the Federal Reserve Act was passed, but you may not find much discussion because the act was passed during a special session when most of congress was at home with their families.

You could look into the discussion over the Aldrich Plan to see what Aldrich and company had in mind with the Federal Reserve.

I would not hold my breath looking for positive aspects of the FED.