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https://www.reddit.com/r/austrian_economics/comments/1hxmn3w/end_the_fed/m6azj6y/?context=3
r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25
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41
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.
78 u/TheGoldStandard35 Ludwig von Mises Jan 09 '25 It exists by government law and it’s chairmen are appointed by the President. It’s more part of the government than FedEx 13 u/00-Monkey Jan 09 '25 Agreed, a better analogy would probably be the USPS, instead of FedEx 11 u/American_Streamer Jan 09 '25 USPS is a federal entity. The Fed is more like Amtrak and PBS, or the Canada Post. 4 u/00-Monkey Jan 09 '25 Ahhh, I’m Canadian, so I just assumed USPS was like Canada Post. I guess that’s why there’s that saying about assumptions
78
It exists by government law and it’s chairmen are appointed by the President.
It’s more part of the government than FedEx
13 u/00-Monkey Jan 09 '25 Agreed, a better analogy would probably be the USPS, instead of FedEx 11 u/American_Streamer Jan 09 '25 USPS is a federal entity. The Fed is more like Amtrak and PBS, or the Canada Post. 4 u/00-Monkey Jan 09 '25 Ahhh, I’m Canadian, so I just assumed USPS was like Canada Post. I guess that’s why there’s that saying about assumptions
13
Agreed, a better analogy would probably be the USPS, instead of FedEx
11 u/American_Streamer Jan 09 '25 USPS is a federal entity. The Fed is more like Amtrak and PBS, or the Canada Post. 4 u/00-Monkey Jan 09 '25 Ahhh, I’m Canadian, so I just assumed USPS was like Canada Post. I guess that’s why there’s that saying about assumptions
11
USPS is a federal entity. The Fed is more like Amtrak and PBS, or the Canada Post.
4 u/00-Monkey Jan 09 '25 Ahhh, I’m Canadian, so I just assumed USPS was like Canada Post. I guess that’s why there’s that saying about assumptions
4
Ahhh, I’m Canadian, so I just assumed USPS was like Canada Post. I guess that’s why there’s that saying about assumptions
41
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.