rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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You don't get it.
I'm afraid I do
A strong federal reserve has protected our economy from wild swings and deep depressions for almost one hundred years. Destroying the federal reserve system would bring us back to an 1800s economy with wild swings, rampant speculation and massive unemployment at he whims of the market
You are a real Keynesian, no doubt. Have you taken the time to consider the ideas of the Austrian/Chicago school (Mises, Hayek, etc)? We would argue that "protecting our economy from wild swings" is great for a period of time but eventually brings an irreversible crash in the long run...hyperinflation and war seem to be how these bubbles finally break. The history of central banks engaging price controls and devaluation of the currency is not good.
Let's see...
In my defense I have a hundred years of the US becoming the most dominant economy on earth. In your defense, you have.........nothing