The Federal Reserve System is a privately-owned financial institution with an exclusive right to issue US dollar. Since 2009 the FED has performed monopolistic conduct by injecting 33 trillion dollars through the Quantitative Easing, which shrinks the dollar's purchasing power and will lead to a long-term inflation at the cost of all Americans. A lady sued the FED for breaking Anti-monopoly Law in Yunnan Province of China on March 19, 2013.
Competition is the fundamental principle in the modern economic market. Please investigate how QE distorts the fair competition and influences the social welfare.
Reference:
Mandy Zuo, "Kunming mother sues US central bank over shrinking cash", South China Morning Post, April 23, 2013.
Case File No.:
(2013)Kun Li Min Su Chu Zi No. 3