The Pros And Cons Of The Form Act

Satisfactory Essays
Though great on paper the FORM act, has key limitations that if not address could lead to both less independence for the Federal Reserve and further economic consequences. A main and clear limitation of the FORM act, is that the nature it was developed from is political. No matter, how much or often individuals such as Huizenga want to advocate against that it is not political. There will be always be an underlying notion of a political agenda due to the nature that it was created on. As seen before through the history of the United States economy, when monetary policy is influence by underlying short term political pressures, economic collapse or crisis soon pursue. Take for example the Great inflation of 1970’s. The government pressured
Get Access