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Comment by miles | Hacker News Reader

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> The Federal Reserve is part of the government.

Not exactly:

The Federal Reserve is not an Agency of the Federal Government https://www.youtube.com/watch?v=n9zpBCFe_k8

May be one of the few things that those on the far right and left agree on:

Dennis Kucinich: The Federal Reserve is no more Federal than Federal Express http://www.youtube.com/watch?v=J0-oxd7CdU8&t=3m42s

Democrats Kill Rand Paul's Audit the Fed Bill, Though Sanders Votes Yes https://www.usnews.com/news/articles/2016-01-12/democrats-ki...

Glenn Beck: The Federal Reserve Is Destroying America https://www.glennbeck.com/2017/06/02/the-federal-reserve-is-...

"End the Fed", book by Ron Paul https://en.wikipedia.org/wiki/End_the_Fed

I know they're considered "independent", that said they're still a central authority created by Congress to control the money supply whose members are presidentially appointed, with a .gov domain name to boot.

Fed Board of Governors are appointed and a part of the government. The actual Fed banks themselves are owned by commercial banks.

But do they report to the government?

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