Doesn't the Fed do exactly that though? And without political influence? What would a different pro-labor system look like that could deal with national monetary crises?
I would argue that the Fed manipulating our financial system causes monetary crisis. The Fed is under the influence of capital which doesn't have the benefit of being even nominally checked by democracy. Were we (speaking as an American) to invest in our country and people we would have a healthier society and the means to deal with actual crisis.
> I would argue that the Fed manipulating our financial system causes monetary crisis.
Well, get ready because you aint seen nothin yet if you thought the Fed was manipulating our financial system. Do you honestly think a partisan system would be better?
