How much influence should Central Banks have over our Countries economy?

Question

Central Banks use interest rates to control inflation, in the U.S. the Federal Reserve prints your money and controls how much U.S. money is out there. This gives the bank control over the money supply and power over the economic well being of the country. The Reserve is run by bankers, and, the Reserve prints your money and everyone has to get paid. Right?

Answer 1

They have too much power, money and say on everything. Whoever controls the money controls everything.

Currency should be returned to the country interest free, setup economists to control it or just return it back to the gold standard instead of this corrupt, illegal monopoly money.

Answer 2

The purpose of a central bank is to maintain relative price stability and orderly financial markets. Most central banks over-step this slightly, seeing influencing the broader economy as sufficiently related to those functions to be worth doing.

The effect a central bank can have is not that extreme. It can add liquidity to the system to avoid runs on banks, and it can affect the money suply and effectively set interest rates, which influence exchange rates and inflation. Generally, anything a central bank might do is a tradeoff. You can stimulate economic activity at the risk of inflation, or strengthen your currency at the risk of causing a credit crunch. That kind of thing.

Answer 3

none...we need to go back to have our currency backed up by precious medals or something...