The progressive lie

[Flopper]

Every bank should be able to issue its own currency.

That makes even less sense than what the Fed is doing.

 

[Lumpy 1]

It is because of progressives that we got the following: direct election us US senators, womens right to vote, workers safety laws and eventually the 8 hour day. And then there was Tedddy Roosevelt and our national parks systems. And don't forget Jane Addams and her care for the inner city downtrodden. Do you really want to go back to Darwinian caapitalism?

The direct election of Senators is one of the main reasons for the downfall of this country. Henry Ford created the 40 hour week, not progressives. Progressives are also responsible for Eugenics, failing to treat Negroes infected with syphilis, WW I, WW II, the Sedition act of 1918 (censorship), and putting Japanese, Germans and Italians into concentration camps - to name a few of their "accomplishments."

Democrats have no questionable acts through US History... I presume on these they'll say they were questionable progressive Democrats but they all switched to the Republican party...

 

[bripat9643]

That makes even less sense than what the Fed is doing.

It makes less sense only to the ignorant.

We had a stable currency with no inflation under free banking.

 

[Flopper]

That makes even less sense than what the Fed is doing.

It makes less sense only to the ignorant.

We had a stable currency with no inflation under free banking.

If each bank issued their own currency, how would that work?

 

[C_Clayton_Jones]

The Federal Reserve was created in 1913 but it’s role and power changed radically during the Great Depression. It’s role today is to conduct the nation's monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions. This is a pretty tall order. Some functions of the Fed are without question in the best interest of the people but there other functions which in my mind or questionable.

I think few would argue that functions such as issuance of legal tender, providing a reserve for commercial banks to handle emergencies, creations and enforcement of banking regulations, setting reserve requirements for banks, and providing depositors insurance are vital to the banking system and the economy.

Control of the money supply is where the Fed is criticized. I believe there is need to control the money supply, however I don’t see the need for the constant fine tuning which causes about as many problems as it solves.

Indeed – an important institution of a modern, First World, industrialized nation.

If each bank issued their own currency, how would that work?

Remember you’re addressing extremists – it would ‘work’ if the Federal government were dissolved and the US became 50 independent countries; perhaps one hundred or more independent nations, if some states were sub-divided – the far right, libertarian nirvana.

 

[snjmom]

Where am I hiding that bankers screwed us over? The lack of regulation and the mortgage swap defaults are what crashed the economy.

I am failing to see what point you are trying to make about progressives.

The idea that banks are under-regulated is too absurd for words. Mortgage default swaps had nothing to do with crashing the economy.

Are you congenitally insane or did it come about through chemical abuse?

 

[editec]

That the Federal System was created by a bunch of far-sighted and enlightened bureaucrats and academics. This led to an onslaught of academic rationalizing while mainstream economic positivists called you a kook.

However, nothing could be further from the truth. The federal reserve system was advocated by the nationalistic bankers. Unfortunately, progressives wish to tell another story. They wish to tell you that the creation of the Federal Reserve was in the best interest of the people.

Yet, modern day lw kooks refuse to audit the Fed, all while praising transparency.

You really think this is about left v right wing. do you?

You are one confused poster, my friend.

Go read a book.

 

[Flopper]

The Federal Reserve was created in 1913 but it’s role and power changed radically during the Great Depression. It’s role today is to conduct the nation's monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions. This is a pretty tall order. Some functions of the Fed are without question in the best interest of the people but there other functions which in my mind or questionable.

I think few would argue that functions such as issuance of legal tender, providing a reserve for commercial banks to handle emergencies, creations and enforcement of banking regulations, setting reserve requirements for banks, and providing depositors insurance are vital to the banking system and the economy.

Control of the money supply is where the Fed is criticized. I believe there is need to control the money supply, however I don’t see the need for the constant fine tuning which causes about as many problems as it solves.

Indeed – an important institution of a modern, First World, industrialized nation.

If each bank issued their own currency, how would that work?

Remember you’re addressing extremists – it would ‘work’ if the Federal government were dissolved and the US became 50 independent countries; perhaps one hundred or more independent nations, if some states were sub-divided – the far right, libertarian nirvana.

Of course it wouldn't work. I just love to hear radicals make fools of themselves. The First Bank of the United States founded in 1791 was the beginning of centralized banking and issuance of currency. It and it's successors were the beginnings of the Fed. Our economy could not operate without a central banking system. Andorra and Monaco are the only countries that do not have one.

 

[AmericanFirst]

I consider myself a progressive, and consider the role played by Greenspan and Bernake in the mortgage meltdown to be criminal and and a gross misuse of the powers of the Fed. They and several 1,000s of corporate types should be investigated and when found guilty of fraud sent to federal prisons.

As a progressive, I feel the role of the federal gov't and state gov'ts is to protect the interests of the mass of citizens from the criminals who will steal from them either with a gun in the street or a financial contract in an office.

Gov't should serve all the people not just those who can buy politicians and regulators.

I am a conservative, it is Barney Frank and Chris Dodd in cahoots with fanny and freddie with backing from clinton that was started by carter that is to blame. Throw them all in prison. Progressives are the problem with this country, they are nothing but want to be commies, commie!

Read Hank Paulson's On The Brink. I think you'll find Clinton had very little to do with it....Now, your hero Raygun - that is a good starting point as any....

Wrong, clinton signed the legislation that mandated banks to grant loans to people even when they knew they could not pay them back. Reagun was a hell of allot better than clinton or obamaturd, at least he wasn't a socialist with socialist ties like clinton and obamaturd.

 

[AmericanFirst]

I am a conservative, it is Barney Frank and Chris Dodd in cahoots with fanny and freddie with backing from clinton that was started by carter that is to blame. Throw them all in prison. Progressives are the problem with this country, they are nothing but want to be commies, commie!

You talk more like a conservative. I believe basically the same as you, except I would never lower myself to call myself a progressive.

It is because of progressives that we got the following: direct election us US senators, womens right to vote, workers safety laws and eventually the 8 hour day. And then there was Tedddy Roosevelt and our national parks systems. And don't forget Jane Addams and her care for the inner city downtrodden. Do you really want to go back to Darwinian caapitalism?

Socialism always starts with the doing good for the people, then when they get to full power they oppress and outright kill the very people they claimed to help. Funny how people forget history; soviet union and hitlers germany are the two biggest examples. Capitalism is far better then progressivism/socialism anyday. By the way, darwin was nothing more than a false prophet. He holds influence in my life.

 

[editec]

That the Federal System was created by a bunch of far-sighted and enlightened bureaucrats and academics. This led to an onslaught of academic rationalizing while mainstream economic positivists called you a kook.

However, nothing could be further from the truth. The federal reserve system was advocated by the nationalistic bankers. Unfortunately, progressives wish to tell another story. They wish to tell you that the creation of the Federal Reserve was in the best interest of the people.

Yet, modern day lw kooks refuse to audit the Fed, all while praising transparency.

You are a very confused individual.

That or you are using words (like left wing) in a way that nobody in the uiniverse uses them.

Basically what you just told us is that JP Morgan and the bankers of the early 20th century were LEFT WINGERS.

Now when I hear the term "Left" I think in terms of communists, socialists, and people who question the primacy of private property.

JP Morgan and the founders of the FEDERAL RESERVE defintiely were NOT communists, socialists or people who questioned the primacy of p[rivate property.

IN fact they created a PRIVATE BANK, and convinced Woodrow Wilson to give them the ability to control the economy.

That's not exactly a LEFTIES kind of approach to marco-economics, lad.

My suggestion is that you go read a book and try to learn something REAL about the world you live in.

I have no doubt you're a good person and fine patriot, too, but you are one very confused citizen.

 

[Antiderivative]

You are a very confused individual.

That or you are using words (like left wing) in a way that nobody in the uiniverse uses them.

Basically what you just told us is that JP Morgan and the bankers of the early 20th century were LEFT WINGERS.

Now when I hear the term "Left" I think in terms of communists, socialists, and people who question the primacy of private property.

That is not liberalism. Even Proudhon believed in self-proprietorships and lashed out at Marx. Liberalism has a long history of free markets and voluntary association.

I will claim that Barry Goldwater was the rebirth of liberalism in America, not FDR. I will also claim that Ron Paul's economic policies are more liberal than modern day progressive liberal's. Paul's economic policies will actually lead to more economic prosperity and will be more equitable than the current status quo, where the bankers, bureaucrats, corporatists, and the MIC pillage America.

Liberalism has a long history of free markets and being anti-corporatist. Pick up a book.

My suggestion is that you go read a book and try to learn something REAL about the world you live in.

Ditto. You could use it.

I have no doubt you're a good person and fine patriot, too, but you are one very confused citizen.

Yes, and this is 1984.

 

[Antiderivative]

Another progressive lie: We are anti-war.

lol, except I got banned from Democratic Underground from posting links from.
Antiwar.com

Progressive liberals will advocate their militarism by blaming Bush and Co. Everything is relative to them. They do not have guiding principles. That is why they threw Cindy Sheehan under the bus. That is why they are waging more wars now than under Bush/Cheney.

They are fucking liars.