<p>Personally, I feel the FED is an unjust institution that has been ruining our economy for too long. It is given complete authority over our monetary policy, yet Congress has no control or say in the process, besides approving the 7 members of the Board of Governors. </p>
<p>For years we have watched Greenspan and Bernanke set artificially low interest rates and manipulate the economy to create artificial spending. Treasury bonds which have been sold to foreigners have EACH OF OUR NAMES ON THEM, in that a treasury bond is a promise that future generations (us) will pay the money back through taxes. </p>
<p>So what are your thoughts on the FED?</p>