Obamarama - daily discussion on our 44th president
02-10-2009, 11:13 AM
#601
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Fool!
Everyone knows that the following groups control the world:
Trilateral Commission
Bilderberg Group
The Illuminati
And, of course,
The Jews
02-10-2009, 11:23 AM
#602
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I'm not sure how to take your post, but from what I've seen you're a smart guy, so I'll assume you're just playing around and not discounting the fact that the Federal Reserve does actually control the market.
02-10-2009, 11:35 AM
#604
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02-10-2009, 12:00 PM
#605
True. But the changes they make have a huge effect. Interest rate changes, for example, can make or break an economy and seriously impact all of us.
02-10-2009, 12:08 PM
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02-10-2009, 12:11 PM
#610
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Monetary theory, as I was taught, represents a means by which to "level out" the economy in the long term : minimizing the depth and breadth of the recessions/depressions, and working to cool off any extraordinary growth so that it does not come crashing down as hard as it would otherwise.
I simply am not convinced that doing nothing is a viable option. IMHO, a relatively small impact on long term growth may be necessary to stop short term unemployment from rising too high.
I am not 100% on board with the stimulus yet. However, I do believe that some action is absolutely necessary.
02-10-2009, 12:13 PM
#611
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That is completely irrelevant. It does exist, and it will continue to exist indefinitely. Getting rid of the Fed is not going to happen in your lifetime, if ever. To do so, IMO, would be politically impossible.
02-10-2009, 12:13 PM
#612
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Yes, that shouldn't be a surprise to anybody.
Monetary theory, as I was taught, represents a means by which to "level out" the economy in the long term : minimizing the depth and breadth of the recessions/depressions, and working to cool off any extraordinary growth so that it does not come crashing down as hard as it would otherwise.
I simply am not convinced that doing nothing is a viable option. IMHO, a relatively small impact on long term growth may be necessary to stop short term unemployment from rising too high.
I am not 100% on board with the stimulus yet. However, I do believe that some action is absolutely necessary.
Monetary theory, as I was taught, represents a means by which to "level out" the economy in the long term : minimizing the depth and breadth of the recessions/depressions, and working to cool off any extraordinary growth so that it does not come crashing down as hard as it would otherwise.
I simply am not convinced that doing nothing is a viable option. IMHO, a relatively small impact on long term growth may be necessary to stop short term unemployment from rising too high.
I am not 100% on board with the stimulus yet. However, I do believe that some action is absolutely necessary.
02-10-2009, 12:18 PM
#613
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http://www.washingtonpost.com/wp-dyn...013101484.html
I think this is a pretty fair analysis of the stimulus.
02-10-2009, 12:20 PM
#614
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And another article, critical of the stimulus, that i think is quite fair.
http://online.wsj.com/article/SB123396623933859023.html
http://online.wsj.com/article/SB123396623933859023.html
02-10-2009, 12:21 PM
#615
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No it isn't. Central banking has been around for hundreds of years--and going back even further if you consider the Knights Templar and their banking system. More specifically, the Riksbanken, the Swedish central bank, has been around since 1688 and is a private entity.