This is just One reason we need to end the Fed.
http://www.youtube.com/watch?feature=pl … dd4selSYE0
You can thank Ron Paul for this piece. Ron Paul said this a few months ago in a debate.
Ben Swann seems to be a large fan of Ron Paul, I have him followed on facebook.
Ben Swann is a paid Fox News shill, not an economist or someone who has any expertise on monetary policy. Not a single knowledgeable or responsible person has advocated the elimination of the Federal Reserve. There have always been critics of a particular Fed policy the Richistanis worry about inflation and the rest worry about the level of unemployment. The duty of the Fed is two-fold--minimize unemployment without letting inflation get out of control. It must walk a fine line between these two statutory objectives.
I love the vitrol for Fox News, especially a small local station which probably has very little communication with the main hub.
The other news outlets are just as biased, you're just too blind to see it.
You're forgetting all of the Austrian economists and remembering all of the government shills. That might be the aim of the Fed but it's hardly the result.
Monetary policy is far from an exact science, but the Fed's results have been tolerably good. There was a period following WWII when it was influenced by electoral politics. That's why most people believe the Fed should be independent of the Congress and the White House insofar as possible.
The Austrians were correct about the usefulness of markets for allocating resources, but their libertarian views of the role of government in the economy and regulating various things--worker safety, child labor,civil rights, pure food and drugs, air traffic and monetary policy are extreme and dated. Keyenes's theories have persisted much more durably.
Ending the Federal Reserve is not a proposal under consideration by public policy mavens nor economists in this country. Not even the "Chicago Boys" advocate doing away with the Fed. And I don't think the CATO Institute does either. I'll see if I can find something on that libertarian outfit's position on the Fed.
I was correct. CATO doesn't agree with Ron Paul's position that the FED should be abolished and the country returned to the gold standard. CATO isn't happy with the Fed, and it has several complaints and recommendations which are stated in this statement dated February 27, 2012:
http://www.cato.org/publications/commen … al-reserve
Ralph thinks that Austrians are voodoo priests who all worship Mises.
Then he lights up his shrine to Keynes and predicts the opposite of what will happen next year.
I don't know if this is relevant, but you might find it interesting (if you haven't already seen it):
Thanks, I have seen it but a good refresher to see it now. Just shows why everything is so screwed now. As a nation we let all of this go too far.
The proverbial Fox guarding the Hen House.
http://www.veteranstoday.com/2012/02/21 … r-exposed/
Yes, and it ties in with Fort Hood. Apparently they(Bush sr crew) stole all our gold and replaced it with tungsten bars!
This same crew supposedly has been stealing that Wanta fund.(Bush, Clinton fam)
The Tungsten bars were stashed at Ft Hood.....if you believe Christopher Story, who was poisoned, and died.
The whole muslim/terrorist was a cover story, according to him.
and just as a little aside for myself personally: my friend, who was framed for murder--IMO-- had a hearing scheduled for last January. The Dr., who was supposed to testify, died unexpectedly.
Just last night, I was going into the Octopus/Inslaw stuff.....another death labeled suicide.
Keep rumbling the truth...it's going to explode out of the ground!
Interesting to read an think about...WITH AN OPEN MIND!
http://www.veteranstoday.com/2010/07/31 … her-story/
Just read this,
message to America: "Don't give up - WISE up!"
"OK: I'm a Wall St. super fat cat heavily invested in oil and weapons. Do I want peace and lower gas prices? How will THAT pay 4 lobbying?"
"US far outstrips China in arms sales to dictators, the U.S. provides 78% of all weapons sold to dictators around the world."
It appears to be that any system based on $$ is a fraudulent system!
It's so stupid.
"Here-you work hard all day, I'll give you 10 bucks an hr" "Here--you sit in an office all day and arrange $$, I'll give you 500 an hr."
Who decided that?
$$ on everything....even necessities of life. I read yesterday that the banks even make $$ on food stamps and welfare!!! They have their claws on everything.
Allowed by gvt., cause everyone gets a cut.....OR allowed by gvt because the pols value their lives! ??
Money Mafia: CREAM. "Liberty and Justice for all"? That'd be nice.
by Evan G Rogers 7 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 the money went straight into companies that didn't deserve it, they said...
by Marketing Path 5 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 print our own money without interest.
by Grace Marguerite Williams 4 years ago
they saw President Barack Obama as the president of promise and reformation? During President Obama's administration, unemployment and national debt is the HIGHEST it has been. More and more civil liberties are being eroded. Despite Obama's dismal and horrific record, Americans...
by Charles James 6 years ago
I am not an American, but American politics can affect us Europeans so it makes sense to follow American politics to se what might be coming down the line.Ron Paul generates an intellectual and political excitement I have not seen in the USA for quite a long time. He is refreshingly honest about...
by ga anderson 4 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 created by the Congress to provide the nation with a safer, more flexible, and more...
by Mary Krenz 6 years ago
Do you believe that we are better off with Obama or better off without him and why?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|