Should and will the Fed be abolished?

Discussion in 'Economy' started by william the wie, Jun 11, 2011.

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Should and will the Fed be abolished?

  1. Should and will

    10 vote(s)
    25.6%
  2. shouldn't but will

    0 vote(s)
    0.0%
  3. shouldn't and won't

    11 vote(s)
    28.2%
  4. should but won't

    18 vote(s)
    46.2%
  1. william the wie
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    william the wie Gold Member

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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.
     
  2. LordBrownTrout
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    LordBrownTrout Gold Member

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    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.
     
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    Last edited: Jun 11, 2011
  3. Big Fitz
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    Big Fitz User Quit *****

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    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.
     
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  4. william the wie
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    william the wie Gold Member

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    Me, I think the Fed should be part of DOD, Central banks are useful in life or death emergencies.
     
  5. Polk
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    Polk Classic

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    It should not, and thankfully will not.
     
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  6. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    It definitely should, but probably won't be. At least not anytime soon.
     
  7. BolshevikHunter
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    BolshevikHunter BANNED

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    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
     
  8. BolshevikHunter
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    BolshevikHunter BANNED

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    I agree Kevin. In my opinion though, They will start World War 3 before they ever allow that to happen. I am sure that these bottomfeeders are planning it so that they have an excuse to get out of their debt to Red China. ~BH
     
  9. Polk
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    Polk Classic

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    Hope you're doing well as well, friend.

    The alternative to having an independent body settling the policy would be to have Congress do so directly. The result is a much more unstable money supply, as Congress will turn on the printing presses every two years to grease their reelection prospects, they pull back sharply to head off inflation. I'd rather have a calm and steady hand at the wheel.
     
  10. expat_panama
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    expat_panama Gold Member

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    --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.
     
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