Causes Of Financial Crisis
Conclusions (2008 and past 2 months) In this past year and especially the last two months; I have seen the Fed do things that I have never even deemed possible. There have been so many rules of fundamental economics that have been broken in the last 2 months that it is very hard to say what the actual constitutional powers of the US Fed is/are. I understand that these are unprecedented times but some of these actions and non-actions, I feel as though were not fully formulated. The Federal Reserve (Central Bank) was made so that the government would not be connected to the money supply, so that fiscal policy and monetary policy could work independently. It was an action to decentralize our government. I feel as though now this has been reversed and we are currently moving towards a more socialist/fascist society. The best Federal Chairmen/Policy makers are ones that are credible and are able to maintain a level of predictability in the markets as to what policy will be in the......
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