The Fed Says It Stabilizes the Economy. I’m Skeptical.
The Fed says it "provides the nation with a safe, flexible and stable monetary and financial system." Can we all breathe easier now?
The Fed says it "provides the nation with a safe, flexible and stable monetary and financial system." Can we all breathe easier now?
Even after countless threats of embargoes and other forms of aggression from the new imperialist USA, a shift of one vote would have defeated the Constitution in Rhode Island. It truly was a last stand that just barely failed.
The Federalists further solidified their victory with the selection of the vice president in the electoral college. They double-crossed John Hancock, instead choosing John Adams who wanted maximum power for the new executive branch.
Many people want the state to take the lead in revitalizing run-down towns. How does this make sense, when it is private industry that conceived these towns in the first place?
Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America. But now it looks like both companies are just full-on government corporations.