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Fire the Fed
Hercules, Calif.
"In this crisis, the Federal Reserve is an untrustworthy agent for the public interest. Its...bias is to defend the club members and cover up its own errors" ["The Gentlemen's Bailout," April 7]. The Nation hits the nail on the head. Now take the next step. Call for a public central bank. A bank that will not charge us interest on our own money. A bank that will honor its fiduciary duty to the public. A bank that will truly be independent of the interests it regulates.
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