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We should not kill the Fed before we vote BWWWAAAANNNNYYYY Frank and Chris “Waitress sandwich” Dodd OUT!
Yes. The Fed is a disaster.
Bawney and “Wolfman” Chris Dodd love the chaos ... and the side payments from the banks.
The old ‘money trust’ morphed itself into the Fed by creating so much dislike for the money trust that the country begged for a solution. The money trust offered up the Fed Reserve in disguise in 1913, and started over with the new entity.
Maybe now the Fed is deliberately angling to be ‘fired’ again. The ‘new’ solution this time may be the financial director of the NAUnion, adding Canada and Mexico to their control...after all, the NAU is on fast track again as reported by Lou Dobbs.
What 'Bush Republicans' is Buchanan talking about here? Or is he just lying to push his own agenda?
Hmmm. It seems that Ron Paul isn’t so much of a crackpot after all.
WWII did not end the Depression. It happened DURING the Depression. As PJB accurately says, the Depression ended when the war ended.
Krugman’s idiocy is easily demonstrated: How can anyone but a lunatic say that there is “prosperity” when no one is building cars, radios, washing machines, houses, etc.?
I am baffled by this massive loss of wealth and the response of American citizens. My Brothers each lost half of their net worth in the past 18 months and they behave as if nothing has happened and there is zero outrage. They were stolen from by their own investment funds, banks and their government and they utter not a peep.
Strange times.
The Libertarian ping list will have plenty to contribute to this topic.
Since when has PJB become an advocate of free trade? His analysis is sound, though hardly original; many others have said and written the same thing for years.
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***Should We Kill the Fed?***
Yes.
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I can answer which part of the fed we should, but I don’t need the hassle.
As the saying goes...”It would be a good start!”
Wait...hehehe April 3rd...
Whew, for a second there I thought this was a trick question...
The Federal Reserve or the Federal Government?
Never mind. I vote ‘yes’.
Nice brief history of Fed and economic crashes. Anyone read Thomas Woods book "Meltdown." ?
Federal reserve ping
I wouldn't have said that last year, but the Fed's behavior over the past 12 months has signalled that perhaps it has gone over the edge.
It's one thing to make mistakes; we all do, and while I don't like the ones that the Fed has made, I don't think those errors a reason to consider its termination. Some had reasonable arguments, most had at least some discernible reason. I have full faith that the Fed will study its actions and the actions of other central banks, and it will take those lessons into account in the future.
No, the reason to consider ending the Fed has been its intransigence on the clarity of its operations. It has recently made massive moves of money to people that it won't specify. That's simply unacceptable in a free society.
Not only is it clearly laid out in the Federal Reserve Act that the Fed will report its activities to the Congress, which it has refused to do so, it also has an obligation to us to act in a manner consistent with its public trust. Giving, without explanation, vast sums of money to unnamed parties is not consistent with its charter to act in the public good. Maybe an explanation would prove the action to be a good one; maybe an explanation would show it to be a regrettable act; but with the utter lack of any explanation is inexcusable.
I regard its intransigence as behavior so inconsistent with its position of public trust that I can no longer repose confidence in its fidelity or honesty. I agree with Pat: I think the question of termination must be considered.