The liberal march towards EXTREME fascism

[bripat9643]

No, it means they believe artificial credit expansion by the Federal Reserve is a problem. The Federal Reserve is an arm of the government. It's exactly the kind of fascist institution that you endorse.

Ludwig von Mises is the only economist to predict the financial panic of 1929 - the only one.

Austrian economists argue that the Great Depression was the inevitable outcome of the monetary policies of the Federal Reserve during the 1920s. In their opinion, the central bank's policy was an "easy credit policy" which led to an unsustainable credit-driven boom. In the Austrian view, the inflation of the money supply during this period led to an unsustainable boom in both asset prices (stocks and bonds) and capital goods. By the time the Federal Reserve belatedly tightened monetary policy in 1928, it was too late to avoid a significant economic contraction.[35]

Causes of the Great Depression - Wikipedia

What is an Easy Credit Policy?

Capitalism run rampant, no?

No, it's the result of government policy. The Federal Reserve kept interest rates artificially low so Germany could pay off its war debt. That's not a market process. It's a government policy. Unfortunately for the wizards who think government can control interest rates, the market eventually asserts itself and the supply of credit eventually contracts when borrowers can no longer payoff the loans they took out during the easy money period. Default rates begin to climb and lending insitutions start contracting the number of loans they issue.

If the theory is that Low interest rates lead to an investment boom, and bust cycle than yes it is Capitalism.

You obviously refuse to pay attention to what I'm saying, so this conversation is at an end.

The Federal Reserve is Capitalist, prove how it's not?

It's an arm of the government. Capitalism is where private individuals run their own affairs without government getting involved. Private banks are capitalists. Government banks are fascist.

 

[danielpalos]

Simply having a central banks means we are socialist and have a command economy.

 

[P@triot]

The Federal Reserve is Capitalist, prove how it's not?

Uh...it was created by an act of Congress (ie government).

 

[P@triot]

Note #1...

 

[SobieskiSavedEurope]

Note #1...

View attachment 169048

The left is dominating Republicans because you do nothing in reaction to them.

 

[danielpalos]

they have nothing but fallacy and repeal, not any better solutions at lower cost.

 

[SobieskiSavedEurope]

The Federal Reserve is Capitalist, prove how it's not?

Uh...it was created by an act of Congress (ie government).

Who Owns the Federal Reserve Banks | In Plain English | St. Louis Fed

 

[SobieskiSavedEurope]

Why was there a Great Depression?

Credit inflation by the federal reserve. The same thing that caused the last recession.

There's quite the number of theories, but fact is Hoover wasn't a big spender.

What does that have to do with credit inflation by the Federal Reserve?

Your guys (Austrian School of Economics) actually believe that the Great Depression, and the Great Recession were caused by easy credit which causes over-investment, and a boom, and bust cycle.

That means these Austrian Libertarians believe that Capitalist investments are a big problem.

Ludwig von Mises is the only economist to predict the financial panic of 1929 - the only one.

Communists predicted the financial panic of 1929... Back in 1928.

The Great Depression, to 1935

In 1928 the Communist International (Comintern) claimed that capitalism was entering its third stage since the Great War: stage-one being the crises just after the war; stage-two the recovery that followed in the mid-twenties; and stage-three being a crisis created by the old problem of production out-racing consumption. By 1932, rank and file Communists were impressed by the Comintern's analysis. With Karl Marx having predicted the fall of capitalism, they saw capitalism as having entered its final crisis. The failure of capitalism, they believed, would bring the discontented masses falling in behind Communist Party leadership and then they would be able to overthrow the capitalist system – matching economic inevitability with human activity.

 

[SobieskiSavedEurope]

Simply having a central banks means we are socialist and have a command economy.

that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.

The concept of “ownership” needs some explaining here, however. The member banks must by law invest 3 percent of their capital as stock in the Reserve Banks, and they cannot sell or trade their stock or even use that stock as collateral to borrow money. They do receive dividends of 6 percent per year from the Reserve Banks and get to elect each Reserve Bank’s board of directors.

The private banks also have a voice in regulating the nation’s money supply and setting targets for short-term interest rates, but it’s a minority voice. Those decisions are made by the Federal Open Market Committee, which has a dozen voting members, only five of whom come from the banks. The remaining seven, a voting majority, are the Fed’s Board of Governors who, as mentioned, are appointed by the president.

The Fed is a little defensive about the question of ownership. In its Frequently Asked Questions section, the Federal Reserve Board says: “The Federal Reserve System is not ‘owned’ by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.” It continues:

Federal Reserve Board: As the nation’s central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as “independent within the government.”

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Federal Reserve Bank Ownership - FactCheck.org

 

[SobieskiSavedEurope]

There's quite the number of theories, but fact is Hoover wasn't a big spender.

What does that have to do with credit inflation by the Federal Reserve?

Your guys (Austrian School of Economics) actually believe that the Great Depression, and the Great Recession were caused by easy credit which causes over-investment, and a boom, and bust cycle.

That means these Austrian Libertarians believe that Capitalist investments are a big problem.

No, it means they believe artificial credit expansion by the Federal Reserve is a problem. The Federal Reserve is an arm of the government. It's exactly the kind of fascist institution that you endorse.

Ludwig von Mises is the only economist to predict the financial panic of 1929 - the only one.

Austrian economists argue that the Great Depression was the inevitable outcome of the monetary policies of the Federal Reserve during the 1920s. In their opinion, the central bank's policy was an "easy credit policy" which led to an unsustainable credit-driven boom. In the Austrian view, the inflation of the money supply during this period led to an unsustainable boom in both asset prices (stocks and bonds) and capital goods. By the time the Federal Reserve belatedly tightened monetary policy in 1928, it was too late to avoid a significant economic contraction.[35]

Causes of the Great Depression - Wikipedia

What is an Easy Credit Policy?

Capitalism run rampant, no?

No, it's the result of government policy. The Federal Reserve kept interest rates artificially low so Germany could pay off its war debt. That's not a market process. It's a government policy. Unfortunately for the wizards who think government can control interest rates, the market eventually asserts itself and the supply of credit eventually contracts when borrowers can no longer payoff the loans they took out during the easy money period. Default rates begin to climb and lending insitutions start contracting the number of loans they issue.

Actually, if it's Lowering Interest rates that's causing over-investment boom, and bust.

Having zero interest rates by no government by nature, would cause a even worse economic problem.

 

[SobieskiSavedEurope]

Fascism won't prevail in the U.S.A.

Just another reason you should leave.

And just think - if it does prevail in the U.S. - the people are likely to determine that polacks should be exterminated (or deported) since they are so dumb and do nothing to advance society.

Why do you want to exterminate Polish Americans like this?

Are you clueless?

 

[SobieskiSavedEurope]

 

[bripat9643]

Credit inflation by the federal reserve. The same thing that caused the last recession.

There's quite the number of theories, but fact is Hoover wasn't a big spender.

What does that have to do with credit inflation by the Federal Reserve?

Your guys (Austrian School of Economics) actually believe that the Great Depression, and the Great Recession were caused by easy credit which causes over-investment, and a boom, and bust cycle.

That means these Austrian Libertarians believe that Capitalist investments are a big problem.

Ludwig von Mises is the only economist to predict the financial panic of 1929 - the only one.

Communists predicted the financial panic of 1929... Back in 1928.

The Great Depression, to 1935

In 1928 the Communist International (Comintern) claimed that capitalism was entering its third stage since the Great War: stage-one being the crises just after the war; stage-two the recovery that followed in the mid-twenties; and stage-three being a crisis created by the old problem of production out-racing consumption. By 1932, rank and file Communists were impressed by the Comintern's analysis. With Karl Marx having predicted the fall of capitalism, they saw capitalism as having entered its final crisis. The failure of capitalism, they believed, would bring the discontented masses falling in behind Communist Party leadership and then they would be able to overthrow the capitalist system – matching economic inevitability with human activity.

The communists have predicted a financial panic every year since the death of Karl Marx. Communism isn't economics. It's the opposite of economics, as is fascism.

 

[bripat9643]

What does that have to do with credit inflation by the Federal Reserve?

Your guys (Austrian School of Economics) actually believe that the Great Depression, and the Great Recession were caused by easy credit which causes over-investment, and a boom, and bust cycle.

That means these Austrian Libertarians believe that Capitalist investments are a big problem.

No, it means they believe artificial credit expansion by the Federal Reserve is a problem. The Federal Reserve is an arm of the government. It's exactly the kind of fascist institution that you endorse.

Ludwig von Mises is the only economist to predict the financial panic of 1929 - the only one.

Austrian economists argue that the Great Depression was the inevitable outcome of the monetary policies of the Federal Reserve during the 1920s. In their opinion, the central bank's policy was an "easy credit policy" which led to an unsustainable credit-driven boom. In the Austrian view, the inflation of the money supply during this period led to an unsustainable boom in both asset prices (stocks and bonds) and capital goods. By the time the Federal Reserve belatedly tightened monetary policy in 1928, it was too late to avoid a significant economic contraction.[35]

Causes of the Great Depression - Wikipedia

What is an Easy Credit Policy?

Capitalism run rampant, no?

No, it's the result of government policy. The Federal Reserve kept interest rates artificially low so Germany could pay off its war debt. That's not a market process. It's a government policy. Unfortunately for the wizards who think government can control interest rates, the market eventually asserts itself and the supply of credit eventually contracts when borrowers can no longer payoff the loans they took out during the easy money period. Default rates begin to climb and lending insitutions start contracting the number of loans they issue.

Actually, if it's Lowering Interest rates that's causing over-investment boom, and bust.

Having zero interest rates by no government by nature, would cause a even worse economic problem.

What makes you think we would have zero interest rates without government? Do you think they were zero before the Federal Reserve was created?

 

[P@triot]

Having zero interest rates by no government by nature, would cause a even worse economic problem.

What makes you think we would have zero interest rates without government? Do you think they were zero before the Federal Reserve was created?

Actually Bri...what makes you think he can even think? He’s shown no capacity so far

 

[P@triot]

So basic and obvious...only dumb polacks can’t grasp it:

 

[SobieskiSavedEurope]

There's quite the number of theories, but fact is Hoover wasn't a big spender.

What does that have to do with credit inflation by the Federal Reserve?

Your guys (Austrian School of Economics) actually believe that the Great Depression, and the Great Recession were caused by easy credit which causes over-investment, and a boom, and bust cycle.

That means these Austrian Libertarians believe that Capitalist investments are a big problem.

Ludwig von Mises is the only economist to predict the financial panic of 1929 - the only one.

Communists predicted the financial panic of 1929... Back in 1928.

The Great Depression, to 1935

In 1928 the Communist International (Comintern) claimed that capitalism was entering its third stage since the Great War: stage-one being the crises just after the war; stage-two the recovery that followed in the mid-twenties; and stage-three being a crisis created by the old problem of production out-racing consumption. By 1932, rank and file Communists were impressed by the Comintern's analysis. With Karl Marx having predicted the fall of capitalism, they saw capitalism as having entered its final crisis. The failure of capitalism, they believed, would bring the discontented masses falling in behind Communist Party leadership and then they would be able to overthrow the capitalist system – matching economic inevitability with human activity.

The communists have predicted a financial panic every year since the death of Karl Marx. Communism isn't economics. It's the opposite of economics, as is fascism.

Where's your proof?

 

[SobieskiSavedEurope]

So basic and obvious...only dumb polacks can’t grasp it:

View attachment 169079

That's Communism, NOT Fascism.

There's a lot of people starving to death, and dying from lack of healthcare in Capitalist countries.

 

[SobieskiSavedEurope]

Having zero interest rates by no government by nature, would cause a even worse economic problem.

What makes you think we would have zero interest rates without government? Do you think they were zero before the Federal Reserve was created?

Actually Bri...what makes you think he can even think? He’s shown no capacity so far

I think you're talking about yourself, you have piss-poor ability for abstract thought, planning ahead, logic, or factual analysis.

You are just like the Negroes, which would explain why you love Negroes.

 

[bripat9643]

What does that have to do with credit inflation by the Federal Reserve?

Your guys (Austrian School of Economics) actually believe that the Great Depression, and the Great Recession were caused by easy credit which causes over-investment, and a boom, and bust cycle.

That means these Austrian Libertarians believe that Capitalist investments are a big problem.

Ludwig von Mises is the only economist to predict the financial panic of 1929 - the only one.

Communists predicted the financial panic of 1929... Back in 1928.

The Great Depression, to 1935

In 1928 the Communist International (Comintern) claimed that capitalism was entering its third stage since the Great War: stage-one being the crises just after the war; stage-two the recovery that followed in the mid-twenties; and stage-three being a crisis created by the old problem of production out-racing consumption. By 1932, rank and file Communists were impressed by the Comintern's analysis. With Karl Marx having predicted the fall of capitalism, they saw capitalism as having entered its final crisis. The failure of capitalism, they believed, would bring the discontented masses falling in behind Communist Party leadership and then they would be able to overthrow the capitalist system – matching economic inevitability with human activity.

The communists have predicted a financial panic every year since the death of Karl Marx. Communism isn't economics. It's the opposite of economics, as is fascism.

Where's your proof?

The labor theory of value is obviously absurd. That's all the proof needed.