美联储100岁了

lpanda

The Federal Reserve System was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Today, the Fed has decided to commemorate the event today with all three living Fed chairman delivering remarks. We are sure it will be very exciting but in the interests of 'balance' we offer a few alternative views of the "success" of the venerable monopoly including its cost: since 1913, the dollar has lost nearly 90% of its purchasing power.

The day it all changed...

An Alternative view of the 100 Years of Boom and Bust

"If we evaluate an organization's performance by what it promised when it was created, the Federal Reserve has clearly failed the American people... the revolution of 1913 shifted power from individuals, communities and states to the federal government and its powerful allies in the private sector."

The Fed's 100-Year War Against Gold (and economic common sense)

Instead of providing protection, the Fed has robbed the public through the hidden tax of inflationbrought about by currency devaluation.

25 Fast Facts About The Fed

The American people like to think that we have a "democratic system", but there is nothing "democratic" about the Federal Reserve.  Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy.  There is a reason why financial markets respond with a yawn when Barack Obama says something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben Bernanke opens his mouth.

The Federal Reserve has far more power over the U.S. economy than anyone else does by a huge margin.

Art Cashin On 100 Years of Fed Trial and error and error and error...

the Fed was supposed to extend credit only for “productive” and not for “speculative” purposes."Ironically, less than a year later, the Fed noticed that some loans were being diverted to "securities purchases"

A century with and a century without The Fed...

And last but not least...

The Fed's Dismal Track Record:

According to the popular lie, the Federal Reserve was supposed to have been established to smooth out the economic cycle, thus preventing booms, busts, recessions, and depressions.

It hasn’t really worked out that way.

In the 100 years prior to the establishment of the Federal Reserve, there were 18 distinct recessions or depressions:

1815, 1822, 1825, 1828, 1833, 1836, 1839, 1845, 1847, 1853, 1860, 1865, 1869, 1873, 1887, 1890, 1899, and 1902.

Since the establishment of the Federal Reserve, there have been 18 recessions or depressions:

1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.

So in other words, the economy experienced just as many recessions with the ‘expert’ management of the Federal Reserve as without it.

And this doesn’t even begin to capture all the absurd panics (the S&L scare), bailouts (Long-Term Capital Management), and ridiculous asset bubbles that they’ve created.

Hardly an impressive enough track record to justify conjuring trillions of dollars out of thin air, and awarding nearly totalitarian control of the money supply and economy to a tiny banking elite… wouldn’t you say?

http://feedproxy.google.com/~r/z ... -aP7VF8/story01.htm

midas

美联储毕竟是政府的仆人而已。美联储的独立性是糊弄百姓的宣传。当时美联储的出现跟常常发生的银行集体倒闭潮有关。当时的银行体系没有最后一个堡垒。很多百姓都在银行排队拼命拿钱的时候，没有央行的保护的商业银行都会倒闭。

这也是准备金基础的现代欧美式银行体系的致命弱点。央行的出现就是为了提供最后的保险。商业银行体系出现赎金浪潮的时候，央行提供临时贷款，帮助商业银行体系渡过难关，确保银行体系的正常运作，确保经济体系的正常运作，确保百姓的资金安全。

所以当初的本意是很好的。问题出在后来跟政府的政治干预有关。为了政治的需要，政府慢慢把美联储改变成政府的“金库”和“经济总参谋部”。政府无休止的借钱的玩意迫使美联储包办。指挥计划经济的本来没有的责任也开始负责了。都跟政客集团的利益有关。作为政客们的马仔，美联储也没有办法。老板是总统任命的。当然得听后台老板的话。

所以，要改革美联储的话，先要改革政治体系。不然美联储也不能回去本来的功能。政府给美联储定了两个责任。确保就业率和控制通胀的责任。在现在的政体之下，美联储只能是通胀制造者。确保就业率的能耐当然不是美联储的能力之内的事情。都跟政治制度有关。美联储只是现行政治体系的马仔而已。哪一个国家的央行都一样。

央行是需要的。那是商业银行的最后保险。不过。法律上要确保政府不能乱借钱，不能乱花钱。只要搞好了这个，央行也不需要背黑锅。罪魁祸首还是政治体系和乱借钱乱花钱的政府。可是每个人都拿着一个免费的选票迫使政客们提供免费午餐的体制，政客们利用“你投我的票，我会给你这个那个免费午餐”的政治体制下，想改革也改革不了的烂摊子。

占华尔街的群众是怪错了股票经纪群。美联储也背了黑锅。罪魁祸首就是政治体系和政客集团。美联储最多也是政府的马仔。

当然，商业银行体系的精英集团是利用金钱控制了政客集团。到头来，商业银行体系的精英群控制政客集团赚自己的大钱，百姓利用选票控制政客集团得到免费午餐，政客集团为了满足这些需求控制美联储乱印钱的局面。美联储也变成吃力不讨好的苦差事。所以萨默斯不肯当美联储的老板也是聪明之举。

lpanda

midas 发表于 2013-12-17 11:31
美联储毕竟是政府的仆人而已。美联储的独立性是糊弄百姓的宣传。当时美联储的出现跟常常发生的银行集体倒 ...

在看到这个新闻的时候想到的一些问题，老师这里都讲到了

谢谢老师的评论