You're not getting off that easy, sir. You and I have unfinished business on this subject. I am not going to read monetary theory on this, because that theory is all around us, and in the weeds. The Fed and the gub are having their ways with us. Fuck MMT! That is, as the acronym implies, theory, What we have here going on, sir, is an unsustainable path of Fed enrichment. Basics! Ug!
It's true your not letting me off easy! The big stumbling block is the Fed. I guess I am just a sucker for what the government, the Fed, the courts, and boring old common sense tell me. They all say the Fed is not a private entity but just another agency of the Government like the Treasury. If the Fed is a private concern, they are pretty stupid to give all their profits to the Treasury, don't you think? Every cent of profit they make flows right back to the U.S. Treasury. I have even gone so far as to point out that both the Treasury and the Fed are actually just different parts of the government's overall money operation, made to appear by statutory law as though they are independent of each other in an attempt to protect monetary policy from political influence... The sort of stuff I post really drives ET "experts" nuts. When I post such heresy I've had ET folks go hyperbolic on me. I guess they think the court is also nuts, because the Second Circuit appeals Court in United States v. Wells Fargo, No. 18-1746 (2d Cir. 2019) laid to rest the question of whether the Fed is a private agency or a government agency at least 5 years ago. Are you familiar with the Federal Reserve Act of 1913, which enshrined the evil "Creature from Jekyll Island" in murky, filthy capitalist mist rising from the Island's swamps? Thankfully, it's no longer 1913 and everything changed with the banking laws of the 1930s and formation of the FOMC. I have posted the relevant excerpt from the Wells Fargo case on ET at least twice now, I am not inclined to look that up again. I don't mind one bit that you believe as you do. Don't ever change! We need your pithy comments to keep ET from becoming dull. I wish you were closer so we could discuss this for real over a beer, or two! And thanks for that old Cure tune.
The shit thing is, is that I have the ability to meet you anywhere you want for a libation. I am now self-employed, and could take a bit of time off and meet. But in order for it to make financial sense, It would have to be included in a circuit of stops. But I have to also include my family in Florida, plus Baron if possible, along the route, or it would not make financial sense.
Let me think about this. That could work. Baron is in Florida and I'm in southern Mississippi, and your family is in Florida too.
I am so mad that when I was in Florida, I was not a member of ET at the time. Believe me, if I was, Baron would have known me personally at that time, hehe. I had lots of free time then. I mean, trading? Bah. It is not the physically-energy draining job of the century. Baron and I would be getting stoned on (Not sure what his wife would be doing at the time...Maybe getting stoned with us?)