Believe Quote by Wright Patman

“If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress can do to reverse the policy. Nor is there anything the people can do. Such bastions of unaccountable power are undemocratic. The Federal Reserve System must…” quote by Wright Patman — Download Open image

“If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress can do to reverse the policy. Nor is there anything the people can do. Such bastions of unaccountable power are undemocratic. The Federal Reserve System must be reformed, so that it is answerable to the elected representatives of the people.”

Wright Patman

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Believe Can do Congress Economy Federal reserve Ifs Interest Liberalism People Policy Politics President Public interest Pursue Representatives Reserves Reverse

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In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people:…

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The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy…

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The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize…

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