The Fed

[Toddsterpatriot]

So what's the technical definition of a depression?

 

[The Sage of Main Street]

And it ended because of WWII. Nothing the Fed did. Dummy.

Give the Working Man a Break and He Will Break Our Enemies to Bits

The only reason the formerly Great Britain survived and the American military grew to such dominant size after Pearl Harbor was the wealth created by the New Deal.

 

[LeroyDumonde]

Give the Working Man a Break and He Will Break Our Enemies to Bits

The only reason the formerly Great Britain survived and the American military grew to such dominant size after Pearl Harbor was the wealth created by the New Deal.

The New Deal destroyed wealth.

 

[The Sage of Main Street]

Not it doesn't. The worst depression of all time occurred after the Fed was created.

Letting Laissez Fairies Run It Was the Real Cause

 

[sartre play]

More explanation needed.
IF the Republicans owned the presidency NINTEEN TIMES, one more time than the Dems.
How come Everything that went wrong, Was not at least the fault of the REPUBLICAN PARTY????? at least HALF THE TIME.??????

 

[bripat9643]

View attachment 852713

In other words, it's a bad recession.

 

[bripat9643]

Letting Laissez Fairies Run It Was the Real Cause

Laisses Faire wasn't running it when the Great Depression occured, dumb fuck.

 

[Lesh]

You're obviously too stupid to get the point. Whatever allows the fed to prevent depressions should also allow it to prevent recessions.

Does a flu shot protect against the common cold?

 

[Lesh]

In other words, it's a bad recession.

TheGreat Depression left its mark on the CHILDREN of that time. Kids who were around during the Great RECESSION (2008) barely know it happened

 

[bripat9643]

Does a flu shot protect against the common cold?

They are not equivalent, moron.

 

[The Sage of Main Street]

Laisses Faire wasn't running it when the Great Depression occured, dumb fuck.

You Aren't Very Bright, bri

Little Mamas' Boys look up to the ruling class's oinkonomists as infallibe father figures.

 

[bripat9643]

TheGreat Depression left its mark on the CHILDREN of that time. Kids who were around during the Great RECESSION (2008) barely know it happened

In other words, it was a bad recession.

 

[bripat9643]

You Aren't Very Bright, bri

Little Mamas' Boys look up to the ruling class's oinkonomists as infallibe father figures.

Is that supposed to mean something?

 

[Lesh]

In other words, it was a bad recession.

Really really fucking beyond bad

 

[bripat9643]

Really really fucking beyond bad

No functional difference.

So prior to the government interfering, we had no depressions, only recessions.

 

[P F Tinmore]

So, why does the U.S. government borrow from the Federal Reserve and pay interest instead of directly financing its expenses through money creation?

Because hyper-inflation is really, really bad.

Irrelevant.

 

[P F Tinmore]

$33 trillion so far.

And if we created our own money, like stated in our constitution, that would be 0.

 

[Toddsterpatriot]

Irrelevant.

You're clueless.

 

[Toddsterpatriot]

And if we created our own money, like stated in our constitution, that would be 0.

I know!
And gasoline would be $10,000 a gallon. DURR.

 

[P F Tinmore]

You're clueless.

Printing too much money and dumping it into the economy will cause inflation.

Borrowing too much money and dumping it into the economy will cause inflation.

The source of that money is irrelevant.

What part of that confuses you?