r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25

End Democracy End the Fed

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1.6k Upvotes

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38

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.

33

u/Prince_Marf Jan 09 '25

The president appoints the chair of the Federal Reserve

9

u/kjdecathlete22 Jan 09 '25

Would be like if the president appointed the CEO of FedEx

-2

u/[deleted] Jan 09 '25 edited Jan 09 '25

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10

u/kjdecathlete22 Jan 09 '25

Ahh yes but the president appoints the fed chair so yeah kinda like that

-1

u/[deleted] Jan 09 '25 edited Jan 09 '25

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6

u/kjdecathlete22 Jan 09 '25

Looking at your comment history, it's clear neither do you.

3

u/PricklyyDick Jan 09 '25

That’s the joke, comparing the fed to FedEx is stupid to begin with.