Parasitic Finance Capitalism: Myths about the Federal Reserve
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Capitalist News Interpreted /
24 Dec 2015
Talk about euphemisms! How about this one? Federal Reserve sounds like:
a) it is a government-run institution (not private)
b) it is stable-reserve sounds like it will reign in the chaos of normal capitalism
c) it protects the public
As this article shows, it is none of these and never has been.
About The Author
Barbara
Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.