Oddball
Unobtanium Member
- Banned
- #61
Hogwash.You are wrong, of course.
List of recessions in the United States - Wikipedia
en.wikipedia.org
Prior to the Fed and the Roosevelt reforms this nation averaged a national depression, recession, or panic every 3-4 years. Regional panics were more frequent and bank runs/collapses were nearly constant.
The fed has served both to reduce the number of events as well as their length and depth. Unless you have a better solution, which, of course, you don't, the fed is here to stay.