Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Came across this bit from a debate on the abolition of the Fed that I thought was pretty interesting. I would be curious as to what folks think of this one. I only wish they allowed the debate to carry on with a little more depth.
I can see hwy paul din't get anywhere as a candidate. The ohte rguy spoke much more to the point and won that debate. Paul started out with the same old constitutional and immoral argument. That's why a doctor can't argue economic very well;they just need to know more rather than state a posiiton that got them elected. I thnik the history including the great depression shows that we need the Fed. Unregualted companies is what caused the regulation we have today.The markets find a loop hole and they exploit it just as they and consumers did causing the housing crisis.
Greenspan thinks there should be more deregulation LOL
the gov should tighten control over the Feds and the banks!!
The government is tightening control over the feds and the banks. Try getting a loan in todays day and age, its nearly impossible, causing the economy to crash even further.
You need to loosen regulation in a bad economy to get the money to move, tighten it in a good economy to slow down inflation. Right now the feds are operating backwards. Pump more money in, and then make it tougher to borrow, the whole time, choking the economy.
I can see hwy paul din't get anywhere as a candidate. The ohte rguy spoke much more to the point and won that debate. Paul started out with the same old constitutional and immoral argument. That's why a doctor can't argue economic very well;they just need to know more rather than state a posiiton that got them elected. I thnik the history including the great depression shows that we need the Fed. Unregualted companies is what caused the regulation we have today.The markets find a loop hole and they exploit it just as they and consumers did causing the housing crisis.
The FED messing with interest in credit contributed to the Great Depression, it did nothing to help avoid it. Since 1913 the dollar has lost 90 something percent of its value, due to the federal reserve printing so much worthless fiat money. Before that the dollar was fairly stable in value. JFK was going to have US notes (fiat but debt free) and silver certificates printed and circulated, rather than FRN's. He didn't last too long after he started arranging that in 1963 though...
The whole idea of the govt. printing money then having a privately owned bank charge us to put it into circulation, so that the debt to the fed can never really be paid off, leading to more and more money being printed, is absurd. The treasury can put money into circulation itself as it did in the 19th century and part of the 20th. The best thing Andrew Jackson did for this country as president was destroy the national bank in the 1830's. He protected the U.S. from runaway inflation back then. We need someone who'll do the same to the federal reserve (but not get killed before finishing the job).
The government is tightening control over the feds and the banks. Try getting a loan in todays day and age, its nearly impossible, causing the economy to crash even further.
You need to loosen regulation in a bad economy to get the money to move, tighten it in a good economy to slow down inflation. Right now the feds are operating backwards. Pump more money in, and then make it tougher to borrow, the whole time, choking the economy.
No, the government is bailing out the banks ... Bernanke is looking out for his own.
No, the government is bailing out the banks ... Bernanke is looking out for his own.
Well by looking out for the bank, he's destroying the economy. No one can get loans for new houses, some areas they have tripled the required down payment to 15-20% down. In the meantime the house values continue to drop because no one is able to buy and when people can buy, further homes go into foreclosure.
Endless circle that they have done nothing at all to help end.
No, the government is bailing out the banks ... Bernanke is looking out for his own.
Thing is, when you say the government is bailing out the banks what that really means is the tax payers.
Bernanke inherited a quagmire from Greenspan, and what gets me is that people still think the Maestro is, "da man" and in all truth, history will show this man to either be corrupt or a fool. Sadly, Bernanke gives a person the impression that he jumped from geometry class to calculus all in one semester... clueless.
The FED is worthless, I truly believe they are the primary culprits for the mess we got going on, down to the price increase in my groceries. Irresponsible bunch of oligarchs playing Monopoly with our livelihoods via printing money like it's going out of style. Yes, the FED should be disbanded. Of course they are only part of the problem, the joke of monetary and fiscal policy going on is the other half. We need to get back to the black line before we can move ahead, this deficit spending is out of control and we're feeling the pinch and there is no need for it.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
