Naaa.... we aint printing money

Discussion in 'Economics' started by daddyeaux, Nov 9, 2008.

  1. timbo

    timbo

    #11     Nov 10, 2008
  2. bkveen3

    bkveen3

    This is my biggest problem. Why do we have a private institution creating money for us. Why not just create it ourselves and avoid the enormous task of paying interest.
     
    #12     Nov 10, 2008
  3. timbo

    timbo

    Not sure what you're getting at, but at some point someone needs to be able to tell juan and carlos when it's time to print.
     
    #13     Nov 10, 2008
  4. #14     Nov 10, 2008
  5. jprad

    jprad

    You really need to do some DD on who established the Fed and how they benefit because of it.
     
    #15     Nov 10, 2008
  6. #16     Nov 10, 2008
  7. timbo

    timbo

    What makes you think I haven't?
     
    #17     Nov 10, 2008
  8. jprad

    jprad

    Because, once upon a time the only people who could vote in this country where those that owned their land free and clear with no leans, mortgages or debt attached to it.

    The premise was that you had to have some level of competent intelligence to ever get that far and presumably had the ability to make a learned decision.

    The alternative was having an analog to a drivers test for those running for office, but that didn't enter into their minds because public service was thought to be a civic duty of limited time, not something you'd actually want to make a career out of.

    Fast-forward to today where any unibrowed mouth-breather can vote for a similar dolt who's already in someone else's pocket.

    Connect the dots...
     
    #18     Nov 10, 2008
  9. timbo

    timbo

    You go first.
     
    #19     Nov 10, 2008
  10. timbo

    timbo

    If we're not productive, growth get redirected. The fed doesn't create, only supplants the issue.
     
    #20     Nov 10, 2008