The Federal Reserve is bad
Debate Rounds (1)
-The Federal Reserve Has Far Too Much Power to Control Our Economy
-The Federal Reserve Has Significantly Devalued Our Currency
-The Federal Reserve Hurts the Poor and Middle Class the Most
-The Federal Reserve is Run By Unelected and Unaccountable Bureaucrats
-The Federal Reserve Has Made Our Economy Less Stable
-The Federal Reserve is Far Too Secretive
-The Federal Reserve Benefits Special Interests
Devalued our currency:
Inflation went up sharply when leading up to World War II, and decreased after the War. Wars have historically caused inflation.
Hurts the poor:
Inflation has been repeatedly called for by poor farmers throughout history (greenbacks movement, Great Depression) because it allows them to finance debts easier. Guess who didn"t want the inflation: the creditors.
The federal Reserve was agreed upon by members of congress, elected by the people. It is always accountable to repeal by the people, but for some strange reason that hasn"t happened yet.
The entire premise of the federal reserve is that it makes the economy more stable. Look at the depressions of 1873 and 1893, and what happened when Jackson vetoed the Second National bank. When it was no longer federally controlled, it underwent liquidation in just 5 years:
During the us free banking era, monetary supply fluctuated wildly:
Up 102% from 1843-1848 alone.
This is what I had time for, anyway.
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