I don't pretend to understand everything about economics, but I do have the common sense to recognize that you can't balance a budget with continual spending and no cutting of expenses...that much I get about Ron Paul's perspective from experience on economics
http://www.campaignforliberty.org/natio … o-federal/
input from anyone else?
Quantitative easing (see: printing money, the non-Orwellian way of saying it), is the most insidious method of taxation as it destroys your purchasing power whilst making the 1% even richer. The money is first distributed to those closest to government, and only filters down to the lowest income brackets once the purchasing power has been lost. Politicians talk of increasing the money supply 'whilst fighting inflation', but the original definition of inflation was the increase in the money supply. The definition has now shifted to one of the results of money creation: the rise in prices. The combination of that artificial separation of definitions and the misleading CPI stats allows the Fed to print as much as it wants whilst providing the illusion that it is helping the economy, not harming it. Now the only thing keeping the economy going is QE stimulus, so they're not going to stop in a hurry. But now, the misallocation of resources due to the practice requires a recession to fix it. The collapse is inevitable, and the longer it is propped up by QE the worse it will be.
How many people honestly find themselves richer than they were before QE1?
by Gary Anderson7 years ago
This guy is or was high up in the Fed. The fed is a PRIVATE bank, despite the lie on their website. The fed is owned by private stock and the US government owns none of that private stock. ...
by Wesman Todd Shaw5 years ago
It's all so simple, really, and a wicked man stated long, long ago that it never mattered who a king was - so long as he controlled the currency - he was lord and master.http://auditthefedphonebomb.com/bailout …...
by GA Anderson2 years ago
Here is what the Federal Reserve describes as its charter:" The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was...
by rakuba6 years ago
Does Existence of the Federal Reserve Contradict Free Market?
by James Smith4 years ago
http://www.unelected.org/audit-of-the-f … t-bailouts"What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere...
by Evan G Rogers5 years ago
I've been told numerous times that "creating money out of thin air" is a good thing. And when I argued against it, the "conscience of the liberal" told me I was ignorant.Then, when I pointed out that...
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