ENDNOTE: Should be debating if the FED should exist at all




The College Fed Challenge provided a forum for Manhattan College students to evaluate the nominee to the country’s central bank.

For the past seven years, a group of Manhattan College students in the School of Business, under the guidance of finance and economics department chair Hany Guirguis, Ph.D., have made recommendations and presentations on real world economics issues in the College Fed Challenge.

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Sorry but the FED* is the root of all Gooferment evil. It allows the Gooferment to spend far more than it steals via taxes. It funds the endless “war” and increasing “welfare”.


I’d have hoped that smart people would see this. And that Alma Mater’s students would be educated in its effects.

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* The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.

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