Sorry to single you out MrN; there is a lot of stupidly going on here since I left this thread weeks...months ago... The distinction between...
MrN, that comment is currupt; it is also stupid.
There was no deposit insurance until it was created in reaction to the widespread bank failures of the Great Depression. Prior to that time large...
Tere is a reason their 'mentality' changed...its not a virus; its not magic...there is a 'rational basis.' I think it is a rational response to...
Epic, I will leave the elasticity discussion where it is. I thnk it is mostly beside my point. I think it is a concept that is only useful in an...
I don't disagree with the obvious and intuitive notion that when you raise the price of a thing you may likely sell less units of that thing...
Epic, reflecting on your comment I am reminded of an old movie, "Oh Luckey Man," and a quote from the sound track by Alan Price, "If knowledge...
TGreg, it is clear that you are a true economist; I know that becuase you used the expression...'OTOH.' I agree that the purpose of recent Fed...
The biggest problem with the economics departments in 'elite' academia is that they are seperated from the finance departments at the university...
Really Oldtime, I am sorry you are resolved to die...but the sentiment you propose before you go is morally currupt and obviously stupid, as well...
Traitor, Oldtime, and some others...I think Richard Fisher of the Dallas Federal Reserve called you guys, "schmucks' today. This is what he said...
Understand that the logic of the Quantity Theory of Money still works in a fiat context if you include private credit in your idea of...
Traitor, the Fed creates base money by recording a liability entry on its balance sheet, called "Dollars." The 'Dollar' is the non interest...
Traitor, you don't get what I am saying either. I am sure it is because I don't explain it well enough so, I appologize. 'Money' the way you...
So what are talking about doing? Feeding a starving person? In the U.S.? Are they the ones without the cell phones? Or are we talking about...
I understand good intentions; its just that intentions don't guarantee good results; sometimes you get quite the opposite. Just because you want...
Humpy, I guess you didn't understand anything I wrote. Nobody really got the money..the Fed used the money to buy assets from the banks and...
That is the illusion; for the 'Real Dow', adjusted for Gold, to be worth as much as it was worth in 1971, it would have to have the illusory...
Adjusted to Gold, the 'Real Dow' is 57% lower than it was in 2007. This might explain why the economy does not appear, or feal to be as good as...
First you have to back up and understand that all taxes are paid by people. Corporations are owned by people and corporate tax is paid out by...
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