Home > Economy > Is the Fed killing the economy? | GlobalPost

Is the Fed killing the economy? | GlobalPost

LONDON, United Kingdom — Accusing major financial institutions of malign plots to undermine currencies and topple governments — that used to be the preserve of conspiracy nuts obsessed with satanic cults or reptilian overlords. …

Against this backdrop, opinions once consigned to the fringe are gaining mainstream traction. Republican presidential hopefuls such as Ron Paul and Rick Perry lead the charge — alongside the rapidly-evolving Occupy Wall Street campaign — to reform the global banking sector.

Their chief target is the Federal Reserve, the U.S. central bank system whose relentless tinkering with the American — and consequently the world’s — economy, in an effort to maintain high employment and low inflation, is said by many to be doing more harm than good.

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