you almost have to be a fed basher to fit in on et but what do the facts show has happened to the us economy since the fed was created:
I don't know. Martinghoul and a couple of others like central banks. I think they need them for reserve banking they should not control aggregate demand though.
OP is very misleading. Adjusted for inflation, WW2 still has a higher cost... In any case, it is incredibly difficult to determine the true cost of war, and is largely just subjective estimates. For anyone who hasn't read this article, I wouldn't bother.
The United States spends $20.2 billion annually on air conditioning for troops stationed in Iraq and Afghanistan â more than NASA's entire budget, NPR reported. In fact, the same amount of money that keeps soldiers cool is the amount the G-8 has committed to helping the fledgling democracies in Tunisia and Egypt. The necessary cooling costs so much because of the remote locations and danger involved in delivery equipment and fuel, Steven Anderson, a retired logistician who served under Gen. David Petraeus in Iraq. "When you consider the cost to deliver the fuel to some of the most isolated places in the world â escorting, command and control, medevac support â when you throw all that infrastructure in, we're talking over $20 billion," Anderson told NPR. "You've got risks that are associated with moving the fuel almost every mile of the way." And it's a long way to move the fuel: 800 miles of "improved goat trails" separate Karachi, where the fuel is shipped in, to Afghanistan. The transport takes 18 days. By embracing green practices, Anderson said, money and soldiers' lives could be saved: more than 1,000 troops have died while transporting fuel. Their trucks are a popular target, and commanders have to stop their operations to leave and go on fuel runs. When they're gone, he said, the insurgents know they're gone, and the U.S. troops lose ground in their missions.
The cost of war this last decade could have put solar cells on every rooftop in the US. As a society people should accept the consequences of the route taken and supported by a majority of the people.
there is no use in crying over war costs, no one in washington has desire to do anything that would help american people in the long run. the irrationality of the actions baffles minds.
Free thinker - an interesting graph. Could you repost it subtracting subsidies to the FED and large banking institutions and inflation. I would interested to see what the curve looks then.
George Washington liked central banks, too, and tried to establish one at the founding of the US. He also used the army to enforce tax collection. Historical figures are rarely as one-dimensional as we would like them to be...
You should go to jail for ignorance. Ignorance of this magnitude should be punishable. George Washington had nothing against Central Bank that is owned by the country, managing debt free currency. George Washington would puke at witnessing Federal Reserve of Modern Day US which is owned by few European Families printing dollars with automatic interest attached to it Payable by US taxpayers. This is why US has no chance in hell to ever recover and prosper, the basic truth is far removed from US population as demonstrated by Random Capital. I will be moving out of US as soon as riots become widespread. It took Fed 100 years to ruin this country with debt that can never be paid. From 1913 to 2011 Rest In Peace.