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some years ago this was recorded. While I don't entirely agree with his assessment he is on the right track. The fed deserves a great deal of the blame for the 1929 crash but not all the blame.
Galbraith was a hack, who was wrong about damn near everything."the great crash 1929"
by new dealer john kenneth galbraith explains the great depression. its short enough and all right here.
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The Great Crash of 1929 by Galbraith, John Kenneth
The Great Crash of 1929 by Galbraith, John Kennethwww.academia.edu
friedman is a debunked economist whose misguided policies led directly to the bush tax cuts (the actual root of the current deficit and inflation) and the crash of 2008. mrs friedman is as misguided as her husband, wearing her trump sneakers on her msnbc gig.
The federal reserve welds too much power. The power to coin money lies DIRECTLY with Congress. Said this before Woodrow Wilson was one the worst things to happen to the US. The other was slavery. We all can certainly have a reasonable discussion about banking accountability and regulation. I use what I call the FFH rules so far government regulation goes Force, Fraud and health.Galbraith was a hack, who was wrong about damn near everything.
some years ago this was recorded. While I don't entirely agree with his assessment he is on the right track. The fed deserves a great deal of the blame for the 1929 crash but not all the blame.
No argument from me.I'm sure you know the federal reserve was neither federal, nor a reserve eagle
~S~
true, but money and currency are two distinctions that they'll never grasp ~S~The power to coin money lies DIRECTLY with Congress.
I have that book. Did not read the whole thing yet.I'll also take it that some of the more savvy sorts here are up on this>>>>
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~S~
You're aiming mighty high tonight Toob.....Friedman makes the congruent point that inflation is the symptom of government spending more money than it has, then imposing inflation as a tax on you as the result. In effect then, inflation is taxation without representation.
You're aiming mighty high tonight Toob.....~S~
Not much. What cost $100 30 or so years ago now costs $300 to $400.
that's 3 decades eagle....Not much. What cost $100 30 or so years ago now costs $300 to $400.
Easy read, great history, meticulously end noted..A real page turner.I have that book. Did not read the whole thing yet.
So our money is worth less and less as currency, or perhaps the term devaluation applies.....?.~S~