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Thursday, January 06, 2022 3:25:19 PM
But then I learned, seeing perfect hypocritical form, with no irony whatsoever, an opinion—obviously not a fact—appearing from the voice we've heard so often.
I wrote my opinion: Is the Fed to be feared? No. The "Fed" was a tool, created to provide flexibility and to not allow rigid rules from destroying everything. It wasn't a perfect tool and it made mistakes. But it got us down the road to this point where most of are typing from warm locations, with food in the fridge, indoor plumbing and a warm bed tonight. Those are genuine accomplishments.
___
The response: "What a utterly ridiculous and uninformed opinion. "Opinion" not fact because The Fed is an infectious parasite."
I may be wrong, but I believe sitting on one's couch, using electricity, the occasional stove and indoor plumbing, built by those with the knowledge of engineering to be a good thing. We live surrounded by remarkable machinery allowing us humans to experience comfort so that we can spend our time arguing over important issues regarding the future. We are, indeed, lucky people. Of course, that’s just my simple-minded opinion.
PS: as an added bonus, here's fed history. Indeed, read it for yourself:
https://www.investopedia.com/articles/economics/08/federal-reserve.asp
https://www.federalreserveeducation.org/about-the-fed/history
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