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<p>[QUOTE=&quot;Cloudsweeper99, post: 1432072, member: 3011&quot;]You&#039;re making progress.</p><p><br /></p><p>I agree with the second part that a central bank is unnecessary.&nbsp; But the Fed has shown itself to be responsive to the needs of the economy, and provides a large talent pool to provide risk management oversight of the banking system, and in dealing with other central banks.&nbsp; Without the Fed, or an equivalent division within the Treasury Dept., it would be open season for foreign central banks to prey on the US financial system.&nbsp; I don&#039;t like the Fed, but I also recognize that they may be a necessary evil in a world of almost constant economic warfare.&nbsp; They are mercenaries, but they are our mercenaries and should be treated accordingly and watched carefully.[/QUOTE]</p><p><br /></p>

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