what so bad about socialism

[Toddsterpatriot]

yes so who controls the money supply if not the Fed and what makes you think they control it????

What makes you think the Fed controls it?
For instance, what did the Fed do during the Great Depression to shrink money supply by 1/3rd?

why try to change subject????
so for 4th time who controls the money supply if not the Fed and what makes you think they control it????

It's slow work trying to educate you.
I'd rather not hold your hand, you're not a child, are you?
Did you ever learn what makes up money supply?
For instance, what makes up M2?

why try to change subject????
so for 5th time who controls the money supply if not the Fed and what makes you think they control it????

M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

Let me know if this is too complicated for you, I'll be happy to try to simply it so you can understand.

M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs).

If I opened a savings account, money market account, money mutual fund or CD, and the bank makes a loan from it, the money supply has increased. Get it?

 

[Toddsterpatriot]

why try to change subject????
so for 4th time who controls the money supply if not the Fed and what makes you think they control it????

It's slow work trying to educate you.
I'd rather not hold your hand, you're not a child, are you?
Did you ever learn what makes up money supply?
For instance, what makes up M2?

why try to change subject????
so for 5th time who controls the money supply if not the Fed and what makes you think they control it????

Reserve balances with Federal Reserve Banks are the difference between "total factors supplying reserve funds" and "total factors, other than reserve balances, absorbing reserve funds." This item includes balances at the Federal Reserve of all depository institutions that are used to satisfy reserve requirements and balances held in excess of balance requirements. It excludes reserves held in the form of cash in bank vaults, and excludes service-related deposits

Let me know when you're ready for your lesson to continue.

The Fed controls reserves. They can add or subtract reserves to the banking system and banks can't do a thing about it. Get it?

dear, the question is who controls the money supply? Is it the Girl Scouts or the the Fed

Both.

 

[EdwardBaiamonte]

It's slow work trying to educate you.
I'd rather not hold your hand, you're not a child, are you?
Did you ever learn what makes up money supply?
For instance, what makes up M2?

why try to change subject????
so for 5th time who controls the money supply if not the Fed and what makes you think they control it????

Reserve balances with Federal Reserve Banks are the difference between "total factors supplying reserve funds" and "total factors, other than reserve balances, absorbing reserve funds." This item includes balances at the Federal Reserve of all depository institutions that are used to satisfy reserve requirements and balances held in excess of balance requirements. It excludes reserves held in the form of cash in bank vaults, and excludes service-related deposits

Let me know when you're ready for your lesson to continue.

The Fed controls reserves. They can add or subtract reserves to the banking system and banks can't do a thing about it. Get it?

dear, the question is who controls the money supply? Is it the Girl Scouts or the the Fed

Both.

I don't blame you for trying to evade the trap you set for yourself. Sorry. You might be interested in George Gilder's new book called the Case for Gold in the 21st Century. He claims that $ 5 trillion in daily currency trading subverts pricing signals all over the world, gold would prevent that inefficiency, and that money supply is controlled by average people who are free to determine the velocity of money, something Friedman though was mostly constant or a fixed variable.

 

[Toddsterpatriot]

why try to change subject????
so for 5th time who controls the money supply if not the Fed and what makes you think they control it????

Reserve balances with Federal Reserve Banks are the difference between "total factors supplying reserve funds" and "total factors, other than reserve balances, absorbing reserve funds." This item includes balances at the Federal Reserve of all depository institutions that are used to satisfy reserve requirements and balances held in excess of balance requirements. It excludes reserves held in the form of cash in bank vaults, and excludes service-related deposits

Let me know when you're ready for your lesson to continue.

The Fed controls reserves. They can add or subtract reserves to the banking system and banks can't do a thing about it. Get it?

dear, the question is who controls the money supply? Is it the Girl Scouts or the the Fed

Both.

I don't blame you for trying to evade the trap you set for yourself. Sorry. You might be interested in George Gilder's new book called the Case for Gold in the 21st Century. He claims that $ 5 trillion in daily currency trading subverts pricing signals all over the world, gold would prevent that inefficiency, and that money supply is controlled by average people who are free to determine the velocity of money, something Friedman though was mostly constant or a fixed variable.

I don't blame you for trying to evade the trap you set for yourself.

I agree, trying to teach you anything is a trap, but I gave you plenty of time to show you understood how money supply worked and it's obvious you didn't know.

If you examine the graphs and explanations of money supply that I posted, you could sound less like a moron the next time you enter a money supply discussion, but I'm not hopeful.

 

[Andylusion]

What makes you think the Fed controls it?
For instance, what did the Fed do during the Great Depression to shrink money supply by 1/3rd?

why try to change subject????
so for 4th time who controls the money supply if not the Fed and what makes you think they control it????

It's slow work trying to educate you.
I'd rather not hold your hand, you're not a child, are you?
Did you ever learn what makes up money supply?
For instance, what makes up M2?

why try to change subject????
so for 5th time who controls the money supply if not the Fed and what makes you think they control it????

M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

Let me know if this is too complicated for you, I'll be happy to try to simply it so you can understand.

M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs).

If I opened a savings account, money market account, money mutual fund or CD, and the bank makes a loan from it, the money supply has increased. Get it?

Is that safe? To have banks and the fed trying to control a dynamic system of money supply? Sounds like one could counteract the other.

And of course the other question is, is there even an alternative?

 

[kaz]

I've seen and experienced great things in countries that are more geared to socialism. The happiest rated countries in the world are all highly socialistic countries. Why can't we do what we already know that works?

How do you measure "happy."

And what's wrong with it is that my choice is not for you to remove

 

[Toddsterpatriot]

why try to change subject????
so for 4th time who controls the money supply if not the Fed and what makes you think they control it????

It's slow work trying to educate you.
I'd rather not hold your hand, you're not a child, are you?
Did you ever learn what makes up money supply?
For instance, what makes up M2?

why try to change subject????
so for 5th time who controls the money supply if not the Fed and what makes you think they control it????

M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

Let me know if this is too complicated for you, I'll be happy to try to simply it so you can understand.

M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs).

If I opened a savings account, money market account, money mutual fund or CD, and the bank makes a loan from it, the money supply has increased. Get it?

Is that safe? To have banks and the fed trying to control a dynamic system of money supply? Sounds like one could counteract the other.

And of course the other question is, is there even an alternative?

Is that safe? To have banks and the fed trying to control a dynamic system of money supply? Sounds like one could counteract the other.

They absolutely could. The Fed started hiking the Fed Funds rate and held the balance sheet steady, to deflate the real estate bubble, but housing and oil prices continued rising for some time.
After the bubble burst, they slashed rates and ballooned the balance sheet, while the businesses and individuals deleveraged.

And of course the other question is, is there even an alternative?

Milton Friedman's idea was to take the choice out of the equation.
Just increase the money supply by a fixed percentage each year.

 

[Andylusion]

It's slow work trying to educate you.
I'd rather not hold your hand, you're not a child, are you?
Did you ever learn what makes up money supply?
For instance, what makes up M2?

why try to change subject????
so for 5th time who controls the money supply if not the Fed and what makes you think they control it????

M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

Let me know if this is too complicated for you, I'll be happy to try to simply it so you can understand.

M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs).

If I opened a savings account, money market account, money mutual fund or CD, and the bank makes a loan from it, the money supply has increased. Get it?

Is that safe? To have banks and the fed trying to control a dynamic system of money supply? Sounds like one could counteract the other.

And of course the other question is, is there even an alternative?

Is that safe? To have banks and the fed trying to control a dynamic system of money supply? Sounds like one could counteract the other.

They absolutely could. The Fed started hiking the Fed Funds rate and held the balance sheet steady, to deflate the real estate bubble, but housing and oil prices continued rising for some time.
After the bubble burst, they slashed rates and ballooned the balance sheet, while the businesses and individuals deleveraged.

And of course the other question is, is there even an alternative?

Milton Friedman's idea was to take the choice out of the equation.
Just increase the money supply by a fixed percentage each year.

Yes, I know of his plan.

I guess my problem is, I assume that most politicians generally are more interested in their short-term welfare, than the countries long-term welfare.

With that as the backdrop, my confirmation bias leads me to question the soundness of having the government in control of the money supply.

I'm not entirely convinced of everything you have said, but you made a very good case that I will continue to think about.

So while the Milton Friedman plan is perfectly fine, do we trust that government won't manipulate the Fed again in the future, for short term political gain?

I suppose we have no choice.

Maybe the current system, is the best possible trade off.

 

[Toddsterpatriot]

why try to change subject????
so for 5th time who controls the money supply if not the Fed and what makes you think they control it????

M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

Let me know if this is too complicated for you, I'll be happy to try to simply it so you can understand.

M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs).

If I opened a savings account, money market account, money mutual fund or CD, and the bank makes a loan from it, the money supply has increased. Get it?

Is that safe? To have banks and the fed trying to control a dynamic system of money supply? Sounds like one could counteract the other.

And of course the other question is, is there even an alternative?

Is that safe? To have banks and the fed trying to control a dynamic system of money supply? Sounds like one could counteract the other.

They absolutely could. The Fed started hiking the Fed Funds rate and held the balance sheet steady, to deflate the real estate bubble, but housing and oil prices continued rising for some time.
After the bubble burst, they slashed rates and ballooned the balance sheet, while the businesses and individuals deleveraged.

And of course the other question is, is there even an alternative?

Milton Friedman's idea was to take the choice out of the equation.
Just increase the money supply by a fixed percentage each year.

Yes, I know of his plan.

I guess my problem is, I assume that most politicians generally are more interested in their short-term welfare, than the countries long-term welfare.

With that as the backdrop, my confirmation bias leads me to question the soundness of having the government in control of the money supply.

I'm not entirely convinced of everything you have said, but you made a very good case that I will continue to think about.

So while the Milton Friedman plan is perfectly fine, do we trust that government won't manipulate the Fed again in the future, for short term political gain?

I suppose we have no choice.

Maybe the current system, is the best possible trade off.

With that as the backdrop, my confirmation bias leads me to question the soundness of having the government in control of the money supply.


But the government is not in control. If it were, they could have stopped the bubble.
Or deflated it slowly, instead of having it explode. They wouldn't need QE1, QE2 and QE3 in order to
try to hit a 2% inflation target, it would decide what it wanted and just do it.

 

[EdwardBaiamonte]

But the government is not in control. If it were, they could have stopped the bubble.

of course that's stupid.
1) You're defining control as absolute and real time when no economist ever said it was that kind of control.

2) being in control of the money supply and stopping a bubble when you don't even know its a bubble are unrelated

Think before you post.

 

[EdwardBaiamonte]

, it [Fed] would decide what it wanted and just do it.

again you are being silly by assuming absolute and real time control when no economist ever said the Fed had absolute and real time control.

 

[Toddsterpatriot]

But the government is not in control. If it were, they could have stopped the bubble.

of course that's stupid.
1) You're defining control as absolute and real time when no economist ever said it was that kind of control.

2) being in control of the money supply and stopping a bubble when you don't even know its a bubble are unrelated

Think before you post.

You're defining control as absolute

What kind of control does the Fed have over money supply?

 

[EdwardBaiamonte]

But the government is not in control. If it were, they could have stopped the bubble.

of course that's stupid.
1) You're defining control as absolute and real time when no economist ever said it was that kind of control.

2) being in control of the money supply and stopping a bubble when you don't even know its a bubble are unrelated

Think before you post.

You're defining control as absolute

What kind of control does the Fed have over money supply?

obviously not absolute and real time but rather the kind given to them in The Federal Reserve Act. Does the genius have any more questions??

 

[danielpalos]

so what; the Fed is a public sector functionary. The private sector also has control over the money supply.

 

[Toddsterpatriot]

But the government is not in control. If it were, they could have stopped the bubble.

of course that's stupid.
1) You're defining control as absolute and real time when no economist ever said it was that kind of control.

2) being in control of the money supply and stopping a bubble when you don't even know its a bubble are unrelated

Think before you post.

You're defining control as absolute

What kind of control does the Fed have over money supply?

obviously not absolute and real time but rather the kind given to them in The Federal Reserve Act. Does the genius have any more questions??

obviously not absolute and real time but rather the kind given to them in The Federal Reserve Act.

Ohhh, that sounds interesting! What part of the Federal Reserve Act mentions their control over money supply?
Can you cut and paste the section you're talking about?

 

[EdwardBaiamonte]

But the government is not in control. If it were, they could have stopped the bubble.

of course that's stupid.
1) You're defining control as absolute and real time when no economist ever said it was that kind of control.

2) being in control of the money supply and stopping a bubble when you don't even know its a bubble are unrelated

Think before you post.

You're defining control as absolute

What kind of control does the Fed have over money supply?

obviously not absolute and real time but rather the kind given to them in The Federal Reserve Act. Does the genius have any more questions??

obviously not absolute and real time but rather the kind given to them in The Federal Reserve Act.

Ohhh, that sounds interesting! What part of the Federal Reserve Act mentions their control over money supply?
Can you cut and paste the section you're talking about?

Dear, you are always changing the subject? I have asked you who controls the money supply 10 times since you said it was not the Fed and you have been afraid to answer.

What do you learn from your fear?

 

[Toddsterpatriot]

But the government is not in control. If it were, they could have stopped the bubble.

of course that's stupid.
1) You're defining control as absolute and real time when no economist ever said it was that kind of control.

2) being in control of the money supply and stopping a bubble when you don't even know its a bubble are unrelated

Think before you post.

You're defining control as absolute

What kind of control does the Fed have over money supply?

obviously not absolute and real time but rather the kind given to them in The Federal Reserve Act. Does the genius have any more questions??

obviously not absolute and real time but rather the kind given to them in The Federal Reserve Act.

Ohhh, that sounds interesting! What part of the Federal Reserve Act mentions their control over money supply?
Can you cut and paste the section you're talking about?

Dear, you are always changing the subject? I have asked you who controls the money supply 10 times since you said it was not the Fed and you have been afraid to answer.

What do you learn from your fear?

Dear, you are always changing the subject?

Asking you about your claim is changing the subject? LOL!
Do you have memory loss? Head trauma? A case of liberalism?

What part of the Federal Reserve Act mentions their control over money supply?
Can you cut and paste the section you're talking about?
Or were you wrong?

I have asked you who controls the money supply 10 times since you said it was not the Fed and you have been afraid to answer.

Did you already forget all the charts I posted from St Louis Fred? My explanations of money supply?
Did you recently bump your head? Old football injury? Too many concussions?

 

[EdwardBaiamonte]

Asking you about your claim is changing the subject? LOL!

dear the subject is, who controls the money supply. You said not the Fed then I asked who does and you have failed to answer 13 times in a row while always trying to change the subject?

 

[Toddsterpatriot]

Asking you about your claim is changing the subject? LOL!

dear the subject is, who controls the money supply. You said not the Fed then I asked who does and you have failed to answer 13 times in a row while always trying to change the subject?

dear the subject is, who controls the money supply.

I already told you. Did you miss my explanation? Was it too complicated for you to understand?
I guess I could try to dumb it down enough for you, is that what you need?

Are you going to show what the FRA says about control of the money supply?
Or were you wrong about that as well?

 

[EdwardBaiamonte]

I already told you.l?

for 12th time why not tell us who controls the money supply if not the Fed? What does your fear tell us?