Should central banks be abolished?

Discussion in 'Economics' started by zdreg, Jan 30, 2023.

Should the Fed be abolished

  1. Yes

    6 vote(s)
    35.3%
  2. No

    11 vote(s)
    64.7%
  1. I agree. Unfotunately most are idiots. As we allow just a few to rule the world and to use us, as slaves...
     
    #51     Jan 31, 2023
  2. spy

    spy

    Well, you've nailed the problem with your circular logic right here in my opinion.

    We democratically elect our leaders, ergo we rule ourselves (albeit in a representative manner). This means we don't actually want the things you're talking about. We don't care if someone who made poor choices dies at the door of the hospital, nor is there anything that can really be done about that.

    Your bleeding heart rhetoric may sound good but it doesn't hold water.

    If you want to have an impact on that problem, rather than trying to legislate temperance, just become a doctor. Simple.
     
    #52     Jan 31, 2023
  3. Lol you love your straw man’s. :rolleyes:
     
    #53     Jan 31, 2023
  4. spy

    spy

    Don't forget the non-sequiturs.
     
    #54     Jan 31, 2023
    longandshort likes this.
  5. No, I'm serious. For all its faults, we've have seen how "free" people have ruled themselves without a central bank (and a reasonable regulatory environment run by adults).
     
    #55     Jan 31, 2023
  6. spy

    spy

    I see. In that case, I expect you'll be the first in line to willingly admit yourself to a Gulag when we reinstate them? Have fun!

    Banking is only a small part of self-governance... but those are, apparently, the ramblings of a child :rolleyes:
     
    #56     Jan 31, 2023
  7. M.W.

    M.W.

    It's interesting how you elevate yourself above the majority. The majority voted in this government and this government, ergo most people, want a central bank and lender of last resort. The majority also favors comprehensive healthcare which is what this administration attempts to implement. In that context it does not matter at all what you or I want.

     
    #57     Jan 31, 2023
  8. spy

    spy

    Lol, apparently it's your world and we're just living in it. You're putting words in my mouth in order to, yet again, build straw men. See this:

    Now, there's no point continuing this conversation because you're just making stuff up. I'm out, bye.
     
    #58     Jan 31, 2023
  9. All the FED is currently doing is monetizing the $32Trillion of direct GO Debt of the U.S.
    The money was spent recently, or a long time ago.
    Doesn't matter.
    No country has ever repaid that level of debt.
    If the FED doesn't monetize it, what will happen?
    Maybe the NFL can sell some season tickets to the Russians and ChiComs.
     
    #59     Jan 31, 2023
  10. easymon1

    easymon1

    CB641, in the relationship between the Federal Reserve Corporation and the usa, what assets are pledged by usa that FedResCorp. accepts as security against a loan in case the borrower for any reason ... perish the thought, lol.
    Assets = ?
     
    #60     Jan 31, 2023