Originally Posted by BIGJ480
The average American don't know enough about the federal reserve and our monetary policy to know that they should be pissed.
Donald P. Regan was Secretary of the Teasury under Reagan. I read his autobiography. Judging from that, the Fed doesn't know much about the Federal Reserve or monetary policy either... according to Regan, there was no formal policy to start with, so they just made it up as they went along.
Reading books by ex-politicos can be scary.