- Mar 23, 2008
- 25,185
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You truly want to truly solve this problem?
Make the government the LENDER of money that ALL of us borrow...
A National Credit Union in lieu of the Federal Reserve, with congress setting the interest rates?
-Joe
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You truly want to truly solve this problem?
Make the government the LENDER of money that ALL of us borrow...
A National Credit Union in lieu of the Federal Reserve, with congress setting the interest rates?
-Joe
Of course not. I found it interesting that Obama supported much of the bail-out that Bush proposed. If he becomes President, he'll definitely have to take much of the blame for it when it fails.
Of course not. I found it interesting that Obama supported much of the bail-out that Bush proposed. If he becomes President, he'll definitely have to take much of the blame for it when it fails.
This is quite possibly the most ridiculous proposal I have ever seen. Do you understand anything about how a free market should operate?A National Credit Union in lieu of the Federal Reserve, with congress setting the interest rates?
-Joe
This is quite possibly the most ridiculous proposal I have ever seen. Do you understand anything about how a free market should operate?
Brian
Of course not. I found it interesting that Obama supported much of the bail-out that Bush proposed. If he becomes President, he'll definitely have to take much of the blame for it when it fails.
In the sense that Hamilton did not believe that the free market should determine rates of interest based on the supply and demand of money, yes. But Hamilton never would have been a proponent of Congress setting interest rates (I cannot think of anything worse). He only believed in the power of the Central Bank, the fourth and most important branch of the government.Sounds Hamiltonian, doesn't it?
This is quite possibly the most ridiculous proposal I have ever seen. Do you understand anything about how a free market should operate?
Brian
Yes, make sure you forget about the plethora of others in government and the private sector who drafted this nation-killing legislation, and firmly place blame upon only those of your partisan choosing.
Like McCain doesn't share just as much blame. Or pretty much most of congress. Or most of the elite private sector bankers and corporation board members and executives.
People like you ENABLE this bullshit.
I was surprised that neither candidate opposed it. I think it would have them points.
I didn't see such a poll elsewhere, so Mods, if there is one, please shut this one down.
I'm very interested to know if you support the bailout? Why or why not?
Why would I enable this 'bullshit'??????? You've obviously responded to the wrong poster.
Liberals were for the bill. Too bad there weren't enough conservatives to block it.
It was YOUR administration's bill... can't you get anything right?
Your proposal of having Congress set interest rates flies in the face of the free market. As I stated, if you think that is allowing the free market to work, you do not understand free markets. This is at the very core of the problem we face today. The key difference being to whom you designate responsibility for managing interest rates. You are perpetuating the problem with your proposal (actually, making it worse). Today we have the Fed controlling interest rates and you propose Congress have that power. Neither are free market.Yes, I do. This proposal flies in the face of free market banking. My stance is that we need to either nationalize banking,
Your proposal of having Congress set interest rates flies in the face of the free market....
Brian
The Constitution does not empower our government to control our money supply. Do you have any idea what government control of our money supply means? And that the founding fathers were vehemently against this specifically? Do you understand what coining means and how it worked? Do you have any idea how anti-free market your suggestion of Congress controlling interest rates is? I am sorry, but you are thoroughly confused.But not, apparently, the US Constitution; which places the responsibility for coining money and controlling the money supply squarely on the shoulders of congress.
Not really relevant? It is completely relevant. I am and have always been in favor of abolishing the Federal Reserve. That is obvious from my numerous posts on the subject. But simply substituting the Fed with our government does absolutely nothing to solve our problems. We would have at minimum the same monetary problems, arguably much worse since the branch of government that spends our money would also be in direct control of managing it (oh, the horror). And the very root of these monetary problems is steeped in not allowing the free market to set interest rates (and your proposal obviously does not allow the free market to set interest rates (it allows Congress) - this is an egregious anti-free market proposal).The quasi-private / quasi-public Federal Reserve, invented by a lazy congress with a brother-in-law in banking, must be dissolved and congress needs to take back the responsibility they shirked in 1913. (Not really relevant, I know... but The Fed is a pet peeve right now)