No one, including myself, who understands QE, and how Central Banks function will disagree, at least with your last line. So what is your point here. Are you saying you don't think the Central Bank should be able to create money out of credit? You may have been watching a few too many YouTube conspiracy videos lately.
So wait... I am the one who had to prove to you that 1. Obamacare passed without Republican votes and was therefore was totally in control of the democrats. 2. that McCarran - Fergusson was just a pro-publica red herring and no impact on Congress' ability to create single payer or regulate insurance. 3. The the Fed provided 7-16 trillion dollars which they kept secret until that lost on FOIA dispute in court. 4. That the Fed creates money with keystrokes... which is the proverbial thin air... and yet you tell me I watch too many conspiracy videos. ha... You read to much disinformation from george soros backed pre commie propaganda outlets. The price of liberty... begins with understanding what is leftist/crony disinformation. -- Regarding your question about what I think about money creation by privately owned central banks... I am not saying anything other than if the bank wants to continue to be a private central bank in America... it should stop the extraction of America and unwind a great deal of the damage we have suffered the last 25 to 30 years. The Fed should gather up its crony buddies and tell them we will be bringing good jobs back so get ahead of the curve. It should tell the democrats and establishment republicans ( it owns ) to roll back taxes, seal the borders for now... and provide a low income tax, great jobs, higher growth economy... an economy which will allow us to have have hope for our children's economic futures... Wall Street cronies and the FED have gotten far too greedy since Reagan. They need to practice that long term greed idea. We have seen 3 decades of killing the working class from every angle. Big FED state local taxes.. Extracting jobs and business to overseas areas... massive inflation and low interest rates... open borders to drive down wages and increase the competition for goods and houses. It is a very sick and greedy stew. So far the establishment does not seem to be getting the message that a massive amount of Americans are sick of their game... As Norman Lear said Trump is America's middle finger to the cronies. That middle finger will be followed by far more chaos.. if the cronies bring in these terrorists and something happens... not even Trump will be able to quell what could happen. The bank needs to reverse the damage asap... or else chaos is going to brought by the Americans who have been served shit sandwiches for the last few decades. I really feel this is very serious and I am concerned that revolt that is brewing may not end well for anyone. I say the Fed chairman should stridently urge Congress set up a very low income tax structures. The should stop expanding the money supply or at least prevent inflation. Then the in private the FED should order the establishment to fix the damage they have done. A new Tariff and eliminated income and death tax structure to bring back good jobs to America and good investing and wealth distribution through private success business successes. The Tarriffs could be said to be need to lead the world into to good environmental and worker policies without carbon taxes. We should halt immigration to wages and jobs improve significantly. I could on or go back and edit this some more... but you get my point. The cronies have brought us to a precipice... and they need to walk us back to the summit. Trump is just the beginning if they keep this extraction crap up. And by the way...the other guy in the lead... is anti the FED. The FED needs to understand they need to reverse the damage or America will be pushing to pull their charter.
Why Bernie is the man.... For one, his plan to get off of fossil fuels is very well developed. Medicare for all IS the way to go. Taxing the very wealthy and regulating/taxing Wall St more IS the way to go. Staying out of wars is the way to go. (The GOP buffoons pride themselves on being more militaristic than the next.) Breaking up the banks and regulating Wall St so another financial collapse is less likely IS the way to go. I don't agree with the completely free college thing however.
I like it! Now just explain to me real slow (I'm an uneducated blue collar republican) how are we going to pay for it all? Staying out of war I get. Wars are expensive. But taxing Wall Street? Why Wall Street? Why not Apple iphones? What's Wall Street have to do with healthcare? Why not mandate that everybody must buy health insurance and a few stocks or pay a penalty? why not tax people that live in warmer climates to pay for those of us that need more ng in the winter? It's people that live in warmer climates that should be taxed. They are not paying their fair share of the nations heating bill. That warmer climate you are enjoying down there was built on the backs of hardworking northerners who burn tons of fossil fuel each winter to stay warm. We pay for the fuel, and you get all the nice global warming. It's not fair I tell ya. Feel the Bern?