Your made up thoughts on how the market or Fed works are so random I'm not sure if you are high or just dumb.
The US Dollar lost over 97% of its value since this private bank called the Federal Reserve took over the US banking system in 1913. Why didn't you also "demonstrate" that fact?
If you'd pointed out anything I'd said that was incorrect I would certainly incorporate that information into my knowledge base, you can call that "adjusting" ones views or you can call it being open to learning and acknowledging that one might be wrong. Do you consider that a bad thing? Those engaged in a well meaning, honest conversation seek to learn. And they do that by actually addressing points made by each other rather than ignoring those that are inconvenient and jumping to some new and unrelated idea. That's only what someone does when challenged on ideas they haven't thought through when they insist on seeking confirmatory information instead of actually honestly thinking about if their original position made sense. Still waiting on the explanation as to why blowing up the Fed because the U.S. has too much control is a good thing for the U.S., among other ideas. And a word on the appeal to authority logical fallacy. There are people who still claim smoking doesn't cause cancer, some with MDs and PhDs. The fact that someone who worked at the Fed wants to blow it up is not reasoning, and the idea that one can find someone with a degree to support an ascinine idea makes it no less ascinine. If you want to share their thought process, that's a reasonable discussion we can learn from. The mere fact that they exist is more or less meaningless in the context of evaluating ideas. Again, you're better than this.
Because it's irrelevant. It makes the faulty assumption that $1 buying the same amount of a good or service in 2021 as 1913 is in any way useful or meaningful. And it ignores the questions you are clearly unable to answer: Where are the examples you can provide of countries that enjoyed economic success without a central bank? What countries enjoyed economic success by eliminating all inflation? Why are we better off with more frequent and longer recessions that demonstrably result from eliminating the central bank? And why in the world should the thoughts of a bunch of agrarian slave owners in a tiny economy in 1776 have any relevance in today's economy? Just a tip, when you ignore questions because they're inconvenient it clearly demonstrates your arguments are weak. Smart folks who are able to learn take that as a good chance to reevaluate their position and think through why they're so desperate to change the subject and avoid those inconvenient questions they hadn't thought through before. I certainly would. You have to ask yourself, why aren't you?
Nothing more to add. Every time someone talks about the FED their cheerleaders appear out of nowhere , eager to feed us non-stop bullshit. A word of advice, don't waste time with these guys.
So you can''t actually address a single question about your position but those who thoughtfully point out issues that disagree with you are "cheerleaders" with "bullshit". Noted.
longandshort is one of the better read and informed portfolio managers (and I specifically use that term) that I have had the pleasure of knowing. I have no doubt that he will be managing sums of wealth that be orders of magnitude greater than you or I will in our lifetimes.
I have. You haven't. Thank you. Numerous times we gone through this. Neither convincing the other one iota. Of course add a reply if you wish, but rather than put you on ignore I am just making a mental note not to quote or reply to any further Econ topics we both land on. Its pointless.
Glad you feel that way. I differ. He shows he knows just enough to do what you say - convince others he knows what he is doing. Till. Anyway I've not been in trading (for myself) for the last 20+ years for the pissing contest angle. You on the other hand run some sort of manufacturing (?) company which qualifies you to make the above statement how? If I want an opinion on a Architect let's say, I ask another Architect. Not a Dentist.