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Ok, you're right, the FED was indeed intended originally to be independent of political influence, and to operate autonomously. That said, the Fed was created
Ok, you're right, the FED was indeed intended originally to be independent of political influence, and to operate autonomously. That said, the Fed was created 100 years ago, and haven't times changed? What is the risk in having the Fed not be as independent as it once was?
What could possibly go wrong?
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