Alan greenspan the past chairman of the fed noted that the, Microeconomics

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Alan greenspan the past chairman of the fed noted that the

Question: Alan Greenspan, the past chairman of the Fed, noted that "the Federal Reserve has to be independent in its actions and as an institution, because if Federal Reserve independence is in any way compromised, it undercuts our capability of protecting the value of the currency in society." What is so important about protecting the value of the currency? How does Fed independence help?

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