The Effect of the Federal Reserve on the Economy

A revolving door to the people who work for JP Morgan and Goldman Sachs end up in the administration or in governments of other countries. A right-wing person called Armstrong Armstrong Williams wrote that essentially now that the federal reserve is sitting on all these treasuries which have declined in value it should be politically controlled. He said independent central bank just means a central bank that's captive of financial interests so you know all these things are completely erased.