US Government

How does the Federal Reserve System help maintain a competitive private enterprise economic system?

User Avatar
Wiki User
2008-02-12 22:57:20

The short answer is no, the Federal Reserve System does not help

maintain a competitive private enterprise economic system. The

Federal Reserve is the central bank of the United States of America

and exists solely for the purpose of benefiting bankers. The

Federal Reserve is a consortium of twelve private banks which are

not part of the United States Government.

These private banks purchase paper notes from the U.S. mint for

printing cost or simply enter digital money into their computer

then lend back the money plus interest to the people through member

banks. The profits go into the share holders of the bank's

pocket's, the U.S. public receives no benefit. Every American

should learn more about the Federal Reserve.

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.