asterism
Congress != Progress
So, Akelch, I really was hoping for a rational discussion, not a political one. Your statements are becoming more and more obviously political. But, lets address them:
You have a skewed view of the marketplace and the role Government plays.
Look, you keep saying that. Looks like your opinion. Good for you. But your opinion is kind of like an ass hole. Everyone has one. But without information, opinions are really a waste of time. And you seem to lack any information to back up what you say.
About the Fed. Why is it that only one bank can create our money? Who gave them that power? Who owns the Fed? Why are they out of the jurisdiction of congress?
See what I mean. Before you criticize something, try to understand something about it. Only they can create money because that is the way we, through our representatives in congress, wanted it when the Fed was created in about 1913. Who created the Fed?? See above. Congress gave them that power. We own them, as they are a public entity. And they are out of the jurisdiction of congress as far as day to day decesions because we did not want a large amount of political influence in the affairs of the central bank.
Depends on what you mean by control. They can add to or subtract from the total currency in the US. that is about it. They set short term interest rates, on which most interest rates are based. Yes. [ Really?? Is this what you believe?? Perhaps you have some proof? Because, you see, they are tasked with stabalizing the economy, NOT creating depressions. I have to say, this particular statement strikes me as political, and without merit.
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I guess you could call it a monopoly, but among people of ration, you would find yourself lonesome. Again, you are making a political accusation, with no basis in reality. Unless you think that they have some product that they are selling us. Which they do not. They are a public REGULATORY agency. You really need to take an hour on the web to study the fed before making these accusations. Makes you look ignorant.
See above. And because, if you think about it, having two agencies of this kind would be really, really stupid. And destructive. Again, you are simply making political arguments. They look to be from the Libertarian side of the political/economic spectrum.And why do they not have competition?
Again, opinion. They regulate financial areas of our country. But again, your statement is political. You show no proof of an obviously political and nonsensical statement.I would go as far as to say they control our government.
So, Akelch, I really was hoping for a rational discussion, not a political one.
Well, no, ed, it just helps to show that ed is a con tool. But there is nothing new there. So, basically, just another minute I can not get back.
Uh huh....