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12 October, 05:58

What are the advantages of having the federal reserve oversee the regulation of the banking system?

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  1. 12 October, 06:14
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    The advantage is that "the government" can never go bankrupt, as they are a distinct entity. The Fed is organized by Elite bankers and partly by the government. The Reserve has power to reproduce money, and the government does not. The Reserve upholds a "fractional reserve" system which is not a good system and is going to ultimately ruin.
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