Former federal reserve officials criticized the monetary authorities manipulate dollars
Former us federal reserve bank of Kansas city area reserves the chairman of the council, former republicanchanel 2.55 bag presidential candidates Herman Cain said 14, from any policy target measure, the current monetary chanel handbags 2012system are terrible, the fed's monetary policy in manipulating dollars, the United States should return to the gold standard system. Kane that day in the Wall beats by dreStreet journal wrote in, the United States needs a fundamental reform of the currency system, of this change for the prosperity of the American people and the welfare and economic growth cannot leave the lower taxes and benign beats by dre pas chermoney two big engine, if the two big engine can't coordinate work, people will suffer a loss. Kane stressed that he is running for President of the United States when the "san-jiu" tax system reform casque beats by dreplan is the largest ever in the history of the public empowerment plan, will make the tax system is simpler, and reduce the government to the economic activity intervention authority. He said that in the past 40 casques beats by dr dre years, the United States of the monetary authorities to control money function has become of manipulating its currency, the fed optional change interest rates and buying ecouteurs beats by dreand selling assets, these actions are in manipulating the value of the dollar.Kane view regression before 1971 dollar exchange rate and the gold link up gold standard system, he thought that the gold standard system although monster beats have many defects, but is still all kinds of money in the system of the optimal choice. Kane was a "godfather" pizza chains chairman and chief executive officer, last year had put forward the so-called "san-jiu" tax system reform plan, namely to abolish the existing monster beats pas cherU.S. tax system, acting with tax rates are 9% of the individual income tax, income tax of the enterprise and the federal sales tax.Kane was in primary stage republican lead position,beats by dre promo but because by a sex scandal, he announced in December last year, quit the race. Since the financial crisis began, the federal reserve has already federal fund rate down to zero to 0.25% of the historic lows, the fed through the two rounds of the quantitative casque beats looser monetary policy, buy a large number of American Treasury bonds and room and beauty, the real estate agency, the beauty of mortgage securities issuance to the medium and long term low