The Federal Reserve American Dream Explained

Posted by ObjectiveAnalyst 11 years, 7 months ago to Economics
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Here is a cartoon especially for khalling, because I know how much she enjoys them. :)

Seriously, this is a very interesting cartoon. I apologize about the length, but I would greatly appreciate your thoughts.
Respectfully,
O.A.



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  • Posted by Non_mooching_artist 11 years, 7 months ago in reply to this comment.
    We disagree about many many things. I show them another viewpoint which they have not learned. They can make their own choices. My own are diametrically opposed to what my own mother's were.
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  • Posted by $ MikeMarotta 11 years, 7 months ago in reply to this comment.
    You are raising them to agree with you. By what methods are you raising them to think for themselves? My daughter and I disagree about much. She is a conservative.
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  • Posted by $ MikeMarotta 11 years, 7 months ago in reply to this comment.
    No way! Your children deserve to know how to apply SCIENTIFIC principles to life. This video is garbage.
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  • Posted by khalling 11 years, 7 months ago
    what I heard was an anti-fractional reserve banking argument. Congress forced them to loan money to highly risky borrowers for political purposes mixed with bad policy decisions by the Fed (not part of fractional reserve) and also distorts the money supply,. In combination with other bad policies resulted in a stagnant economy and the easy money hid these problems or delayed them until it exploded.
    Some of the policies, such as sarbanes oxley and changes to the patent system and increases in regulation generally shrank the number of choices for investors to look at, which is why they were focused mostly on real estate. The stagnant economy resulted in real household incomes declining-something that did not even happen in the great depression.
    The borrowing was only one problem and might not have been a big deal if these other policy decisions had not happened.
    Upshot: getting rid of the Fed is fine, getting rid of fractional reserve banking-fail.
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