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