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 Marketing Path4 years ago
What do you think of the federal reserve?Do you think the Federal reserve [a private banking institution] should be able to loan the U.S Government, at interest it's own money? Or should we get rid of the reserve and...
by adamknows5 years ago
Should the Federal Reserve keep printing money, and should we allow competing currencies?
by brooklyn001236 years ago
What purpose does the Federal Reserve serve and why do we need it?
by Wesman Todd Shaw6 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 VoltaireZ6 years ago
Is the Anti-Federal Reserve movement astroturfed?I'm part of the emerging Occupy movement, and I see a lot of End the Fed signs, which I'm suspicious of. No doubt the Fed has some problems, but it's hardly to blame for...
by Gary Anderson8 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. ...
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