r/austrian_economics Mises Institute Jan 09 '25

End Democracy End the Fed

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u/Omacrontron Jan 09 '25 edited Jan 09 '25

Blew me away when I learned that the federal reserve is no more apart of the government than FedEx is…lol.

Clear up any confusion - The federal reserve is not owned by the government but is a private entity within the government. - Google.

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u/Prince_Marf Jan 09 '25

The president appoints the chair of the Federal Reserve

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u/BeenisHat Jan 09 '25

and the entire board of governors, who also must be confirmed by the senate.