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Jan10
Is the Federal Reserve's Power a Good Thing?

Ben Bernanke 

Question:

Is it a good thing for the United States that one man, within one organization, has this much power over our economy?

I'm not a naive man with no savvy or understanding of how our economy works.

But when I read about today's interest rate decision, the question that comes to mind is what I just asked...is it good for the economic health of the country to literally rest in the hands of one man?  Is it good that we have let it get to this point?

Is it good for small businesses all around the country, in the long term, for this to be happening?  In the short term, sure...who doesn't like lower interest rates?  But is it good for us as a nation, and for our businesses?

I'm not sure I know the answer.  But I don't like what my gut is telling me...

Ben Bernanke interest rate cut

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