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Don't blame the people. This is one of a number of things that the people running the show want us to be ignorant about.
I blame the people on the basis of personal responsibility. Not that hard to understand. If you don't understand how something works, then learn. If you choose not to, that's not anyone's problem except your own.
It would have to be someone or other agency/committee in Gov't. Probably Congress. And then what will happen when Congress can now set the interest rates and create all our money?
I blame the people on the basis of personal responsibility. Not that hard to understand. If you don't understand how something works, then learn. If you choose not to, that's not anyone's problem except your own.
Is there a difference between personal and national responsibility? Personal and national debt?
The responses in this thread just tells me people doesn't know how the banking system really works (and therefore the economy). How about you peeps take the time to learn before you start busting out with threads like this?
Oh that's right, Americans hate education. If only we could tax stupidity up the arse, I will vote in favor, to save ourselves the effort and pain.
Because you disagree or agree with the way it works, means you are uneducated? One who complains about people that are uneducated shouldn't condemn others without explaining why they are wrong.
Is there a difference between personal and national responsibility? Personal and national debt?
In relation to the context of this thread? At this point, the question really becomes do you want our free market system to work anymore.
Personal responsibility, national responsibility is secondary at this point. See the magnitude of what you're talking about? If you don't, then learn why it's such.
Because you disagree or agree with the way it works, means you are uneducated? One who complains about people that are uneducated shouldn't condemn others without explaining why they are wrong.
To make such a thread with such a suggestion? It's pretty obvious no thought was given. So why should I spend my time to educate others? You know, there's this thing called college that people will spend easily 1 year learning all the nitty gritty details of the banking/financial system or heck, spend 2 years like I did and get a specialization on top of your BS/BA.
In relation to the context of this thread? At this point, the question really becomes do you want our free market system to work anymore.
Personal responsibility, national responsibility is secondary at this point. See the magnitude of what you're talking about? If you don't, then learn why it's such.
If you think in libertarian madness that a free market should be totally free. I do not.
Otherwise I will continue to learn about our modern money and money systems and prosper.
Some one or some thing has to create and manage our money.
A public bank would be something that could benefit many people.
I can contribute by saying you don't as you can not. Both of our statements hold equal weight.
Lol....
Then let me give you some context.
Remove the Fed = Remove all forms of loans (all types of credit), financial institutions (and therefore, banks, brokerage firms, insurance, etc..), all types of capital, all financial instruments considered "investments" (i.e. equity, bonds, mortgages, etc.).
The banking system creates money, through something called Fractional Reserve Banking. The regulations are set by the Fed. The Federal Reserve (Monetary Policy) along with Fiscal Policy (Taxation/IRS, etc..) manages our money.
Public banks will only work if there's a lot of small ones, not 1 giant one. That's a different topic. We're talking about The Fed itself.
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If only we could tax stupidity up the arse, I will vote in favor, to save ourselves the effort and pain.
