Re: \"He who makes the money - makes the rules\"
I think that the fact that the FR is privately owned is what causes depressions. Do the board members who own the FR act in the interest of themselves and their shareholders - or in the interests of the economy of the nation?
I am no economics major - but as I see it if the central bank of any country simply prints more banknotes - then the quantity of money in circulation will increase - and the value of each individual note in circulation will decrease, either by fluctuations in the currency market or by inflation or both. - The more there is of something the less it is worth.
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