[quote=FlyerInHi]Central banks can act without the burden of the political process.
Would you rather they didn’t act to stabilize the economy and allow an economic depression? Millions of jobs lost, human capital evaporated, dreams not realized, more suicides, more malnutrition, more death, more crime, etc… all that would set back human advancement.

Money is just a concept and a tool for us to use. There are no natural laws governing money.[/quote]

Livin’ gets it, Brian. Sorry, but the Fed did not save the day. They’ve only prolonged the recession and will end up making it worse because the problems are continuing to pile up with every passing year.

The Federal Reserve is independent of the U.S. govt only in theory. If you think that politicians and high-ranking Fed officials (and high-ranking executives from the financial industry, among others) don’t discuss things and coordinate activities, I have a bridge to sell you…