william the wie
Gold Member
- Nov 18, 2009
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There are a lot of posts out there calling for this and I was wondering how much of the talk was simply show time and how much it was serious.
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Me, I think the Fed should be part of DOD, Central banks are useful in life or death emergencies.The political will in DC does not exist, and won't till after the blame for utter collapse is pinned on them... in about 20 years if they don't weasel out of it somehow.
It should not, and thankfully will not.
It definitely should, but probably won't be. At least not anytime soon.
It should not, and thankfully will not.
What is wrong with you Polky? Please explain so that I can attempt to understand why you take that position? Other than that, hope all is good bro. ~BH
--or not do it at all. The fed's mandates are stable prices and lender of last resort while maximizing employment. Before the Fed and the FOMC prices were not as stable, employment was more erratic, and the last lender (JP Morgan) quit....The alternative to having an independent body settling the policy would be to have Congress do so directly...
Employment was also higher as were economic growth rates. Instability is one of the results of higher employment and growth. Nothing comes without costs. The substantially higher inflation rates of the Fed regime is a very high cost to pay.--or not do it at all. The fed's mandates are stable prices and lender of last resort while maximizing employment. Before the Fed and the FOMC prices were not as stable, employment was more erratic, and the last lender (JP Morgan) quit....The alternative to having an independent body settling the policy would be to have Congress do so directly...
Standard measures show better conditions with the Fed than without although I've seen a few 'tin-foil-hat' sites set up specifically for fed bashing and selling gold. If you're serious we can look at the numbers together as there are lots of different records for employment, gdp, inflation....Employment was also higher as were economic growth rates. Instability is one of the results of higher employment and growth. Nothing comes without costs. The substantially higher inflation rates of the Fed regime is a very high cost to pay.
centralized banking and fractional reserves work just fine , until the wrong elements infiltrate to expand the normal limitations for their own ends
now if you'd like to go back to state banks, that can work too, in fact it does work well in states like N Dakota
just keep the riff raff outta the books, and it's all okey dokey...
centralized banking and fractional reserves work just fine , until the wrong elements infiltrate to expand the normal limitations for their own ends
now if you'd like to go back to state banks, that can work too, in fact it does work well in states like N Dakota
just keep the riff raff outta the books, and it's all okey dokey...
You're not suggesting that states should be allowed to issue their own notes, are you?
I think it should be abolished Wie. We shouldn't have an entity that can simply print endless amounts of money to our detriment. All of these supposed fail safes are now failing.
Section 8 - Powers of Congress
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
I think it should be abolished Wie. We shouldn't have an entity that can simply print endless amounts of money to our detriment. All of these supposed fail safes are now failing.
So.
I'm guessing Congress is next on the list?
Section 8 - Powers of Congress
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;