Votto
Diamond Member
- Oct 31, 2012
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#26 Since the Federal Reserve was created, there have been 18 distinct recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.
Prior to the Federal Reserve, economic downturns were far more frequent, and far deeper.
Funny they did not mention that, huh?
They were more severe than the great depression?
It appears from looking at the list that the frequency was about the same.
Sure. Don't you remember studying about the Great Pre-Fed depressions?
The Progressive agenda could not function without the Fed, and is arguably dependent upon it. The role of government is now to print money as they throw it around the world.
To celebrate the birthday of the Fed, I sent them a birthday card with an IOU written on the back for $50. Below it I told them I would then buy it back and then resell it and then mail it back to them.