The Federal Reserve American Dream Explained
Posted by ObjectiveAnalyst 11 years, 7 months ago to Economics
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.
Seriously, this is a very interesting cartoon. I apologize about the length, but I would greatly appreciate your thoughts.
Respectfully,
O.A.
Previous comments... You are currently on page 4.
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.
NMA