You didnt answer the question...Im sure Europe is ecstatic right now about impending deflation thenSince everyone's money is growing in value, it must be great for the economy!!!!
New Paper From The Fed Shows Piketty Was Right
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Futuristic Eskimo
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Its a stupid question because its a necessary tradeoff for a functioning economy. Continue on with your vacuous commentary, though.You didnt answer the question...
Coming in every thread and lazily applying your libertarian-infused platitudes is the opposite of being insightful. "Inflation is stealing money so inflation is bad and because of that central banks are bad" is not even worth a discussion.
What I really want isnt happening...
Throwing that out the window, I want the players and structure clearly defined, and the processes completely transparent.
Whats wrong with having it govt. run?
I never said it wasnt, I merely called it what it is...
The monopoly issue is central to the discussion, as the Fed is a private monopoly, which you have championed in the past as good capitalism.
I don't recall ever championing the Fed... but if I did(which I really doubt), let me say now, I support abolishing the Fed.
No, u championed private monopolies, which the Fed is.
Now you are championing destroying one..... how? With the govt regulation u just claimed we needed less of?
No, u championed private monopolies, which the Fed is.
Now you are championing destroying one..... how? With the govt regulation u just claimed we needed less of?
Oh I get it.Let me try to explain, naturally occurring monopolies I have no problem with, its govt. backed monopolies I oppose.
... and I often am defending monopolies in general, as they are not inherently bad, or long lasting IMO.
... as for your second point you wouldnt need any regulation to end the fed just simply repeal all the other regulations(protections).
But I realize abolishing the Fed isnt happening, its just something I think should happen. Fiat currency is 
Meta Reign
I walk the streets like, ''say something, n!gga!''
Bro, I'm not even going to argue against inflation being a ''necessary trade-off for a functioning economy''. I would say it's necessary for a growing population, but let's leave that whole thing alone for now. . .
What I'll argue is that inflation almost seems to be our whole economic model as a nation, and the net beneficiaries are the inflators themselves. You don't see anything wrong with this?
There was nothing natural about the Comcast TWC acquisition.... those companies themselves are govt backed monopolies, using the govt to blocking out competition on regional levels.
Let me try to explain, naturally occurring monopolies I have no problem with, its govt. backed monopolies I oppose.
... and I often am defending monopolies in general, as they are not inherently bad, or long lasting IMO.
... as for your second point you wouldnt need any regulation to end the fed just simply repeal all the other regulations(protections).
What other regulations would end the Fed's monopoly?
And what alternative to fiat currency do u have that would actually work?
What do you mean by "work"?
...and the obvious answer is a hard currency.
The problem with the discussion going forward though is that how evil the Fed is isnt understood by most.
When u say hard currency, do u mean something tied to a commodity? If so
What do you mean by "work"?
...and the obvious answer is a hard currency.
The problem with the discussion going forward though is that how evil the Fed is isnt understood by most.
If not, explain further, along with how we would transition to such a system without resetting the economy. Bonus points if you can explain how such a system would be free from corruption and better than a well managed fiat currency.
The downsides to tying our currency to a commodity, are far more pleasant than what we have happening now... what about it concerns you?When u say hard currency, do u mean something tied to a commodity? If so
If not, explain further, along with how we would transition to such a system without resetting the economy. Bonus points if you can explain how such a system would be free from corruption and better than a well managed fiat currency.
...and no man made system will be free from corruption, and to demand it be free from corruption in order to be considered is ridiculous. Moreover, I wish people would approach govt. initiatives with the same attitude. "will it be free from corruption? no? well then we dont want it"
Consistency in this way would go a long way.Word?
Have u ever heard of the Hunt Brothers? If not, read about em and think about what it would be like to have folks like that controlling our monetary policy. They would make the Fed look transparent and acting in the interest of the people. But hey, why should monetary policy be in the interest of the general public? Tie it to a commodity that rich people can hoard and let the smart rich people decide the fate of the dollar. Pay for play monetary policy... a capitalist's dream, just like you wished for
Word?
I think the problem is you believe our current monetary policy to be in the interest of "the people".