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  1. #161
    Quote Originally Posted by Linkedblade View Post
    So, in stead of people that we elect every few years, you want a person with one philosophy to manage our nation's monetary policy? Sounds brilliant. How has that worked for us? Dotcom bubble. Housing bubble. The current student loan bubble. Unstopped printing of our currency. In Economics 101 you learn that inflation is bad as well as stagflation. This is the mess we're in because of a single Keynesian Economist. . .
    and you think gridlock and/or retarded political appointees would be a better way of handling the economy? not saying the current system is great, but it's worlds better than that
    Quote Originally Posted by TradewindNQ View Post
    The fucking Derpship has crashed on Herp Island...
    Quote Originally Posted by Wells View Post
    Meet the new derp.

    Same as the old derp.

  2. #162
    The Insane Reeve's Avatar
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    Quote Originally Posted by Linkedblade View Post
    So, in stead of people that we elect every few years, you want a person with one philosophy to manage our nation's monetary policy? Sounds brilliant. How has that worked for us? Dotcom bubble. Housing bubble. The current student loan bubble. Unstopped printing of our currency. In Economics 101 you learn that inflation is bad as well as stagflation. This is the mess we're in because of a single Keynesian Economist. . .
    Right, because the dot com bubble and the housing bubble were solely the fault of the Fed and monetary policy? Shocking how inflation has held steady in spite of Quantitative Easing isn't it? Almost like the people running the Fed know what they're doing.
    Well 1, 2, 3, take my hand and come with me
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  3. #163
    Quote Originally Posted by Reeve View Post
    Right, because the dot com bubble and the housing bubble were solely the fault of the Fed and monetary policy? Shocking how inflation has held steady in spite of Quantitative Easing isn't it? Almost like the people running the Fed know what they're doing.
    They held inflation in check by merely claiming it wasn't occurring... When it obviously is.
    The most successful tyranny is not the one that uses force to assure uniformity but the one that removes the awareness of other possibilities.

  4. #164
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    Quote Originally Posted by oblivionx View Post
    They held inflation in check by merely claiming it wasn't occurring... When it obviously is.
    They don't claim it's not occurring. No inflation at all would be a bad thing, in fact. They claim it's within 3% (the historical average is 3.36%), and it is. In December 2012, the inflation rate was 1.7%.
    Last edited by Reeve; 2013-02-06 at 07:26 PM.
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  5. #165
    Scarab Lord Roose's Avatar
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    I do not see why there would be any opposition to this kind of transparency.

    To pull one of their moves, if you have nothing to hide then why fight it?

    Of course we do have something to hide. Our economy is only as strong as people think it is. So the bigger the illusion the better. Consumer confidence is fragile. That is why it is retarded to base an economy on it.

    The Fed is not the main problem. Letting crooks determine our economic policy is. Then letting their crook friends get off with a slap on the wrist. Only message that bankers got was that if they steal enough they are above the law.

  6. #166
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    Quote Originally Posted by Roose View Post
    Of course we do have something to hide. Our economy is only as strong as people think it is. So the bigger the illusion the better. Consumer confidence is fragile. That is why it is retarded to base an economy on it.
    All economies where people can freely exchange currency for goods or services or choose not to are based on consumer confidence.
    Well 1, 2, 3, take my hand and come with me
    Because you look so fine
    And I really wanna make you mine

  7. #167
    Quote Originally Posted by Reeve View Post
    They don't claim it's not occurring. No inflation at all would be a bad thing, in fact. They claim it's within 3% (the historical average is 3.36%), and it is. In December 2012, the inflation rate was 1.7%.
    Might want to check how much they have adjusted things like social security for inflation.
    The most successful tyranny is not the one that uses force to assure uniformity but the one that removes the awareness of other possibilities.

  8. #168
    Quote Originally Posted by Tinykong View Post
    Would have preferred "abolish the Federal Reserve, and return the gold standard."

    Won't be getting it.
    When you find enough gold, you let us know.

  9. #169
    Scarab Lord Roose's Avatar
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    Quote Originally Posted by Reeve View Post
    All economies where people can freely exchange currency for goods or services or choose not to are based on consumer confidence.
    And they are all flawed. I do not claim to know of the best system, but I do know that trying to convince someone that a piece of paper is worth something more than its tangible value is a tough feat.

  10. #170
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    Quote Originally Posted by oblivionx View Post
    Might want to check how much they have adjusted things like social security for inflation.
    Feel free to enlighten me with some sort of source. My data came from the Bureau of Labor Statistics.
    Well 1, 2, 3, take my hand and come with me
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  11. #171
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    Quote Originally Posted by Roose View Post
    And they are all flawed. I do not claim to know of the best system, but I do know that trying to convince someone that a piece of paper is worth something more than its tangible value is a tough feat.
    Well remember this; we have one of the largest workforces in the world, we have the largest tax base in the world, we have the largest/most sophisticated military in the world, and we are the reserve currency for all international business. In short it would take a apocalyptic scenario to shake the confidence global investors have in our ability to pay our debts, something our own conservative representatives and citizens doubt, because they want to see the US fail.

  12. #172
    Scarab Lord StayTuned's Avatar
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    Thank god. The fed was doing shit too long without supervision. The whole financial disaster started with Greenspan and his retardism. We need to fix his shit.

  13. #173
    Herald of the Titans Mall Security's Avatar
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    One and very few times, as a Liberal I would agree with Republicans. This is long since overdue. Although I do tend to believe it has more to do with wasting time and trying to take digs at Obama, which makes me almost not want to support it, but I can't deny it would be nice if every nickel and dime had to be accounted for and show to the tax payers.

  14. #174
    Quote Originally Posted by Reeve View Post
    Feel free to enlighten me with some sort of source. My data came from the Bureau of Labor Statistics.
    For the first time in history it was 0 for 2 straight years under Obama.

    That's not possible with him borrowing like he did.
    The most successful tyranny is not the one that uses force to assure uniformity but the one that removes the awareness of other possibilities.

  15. #175
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    Quote Originally Posted by oblivionx View Post
    For the first time in history it was 0 for 2 straight years under Obama.

    That's not possible with him borrowing like he did.
    So because Social Security didn't get a COLA for 2 straight years.... what?
    Well 1, 2, 3, take my hand and come with me
    Because you look so fine
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  16. #176
    Quote Originally Posted by Reeve View Post
    So because Social Security didn't get a COLA for 2 straight years.... what?
    They held inflation in check by merely claiming it wasn't occurring... When it obviously is.
    The most successful tyranny is not the one that uses force to assure uniformity but the one that removes the awareness of other possibilities.

  17. #177
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    Quote Originally Posted by oblivionx View Post
    They held inflation in check by merely claiming it wasn't occurring... When it obviously is.
    Again, you haven't shown that it obviously is at all.
    Well 1, 2, 3, take my hand and come with me
    Because you look so fine
    And I really wanna make you mine

  18. #178
    Quote Originally Posted by Reeve View Post
    Again, you haven't shown that it obviously is at all.
    It's not possible to "print" as much money as they did from 2009 2010 (3 trillions dollars) and not have inflation.
    The most successful tyranny is not the one that uses force to assure uniformity but the one that removes the awareness of other possibilities.

  19. #179
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    Quote Originally Posted by oblivionx View Post
    It's not possible to "print" as much money as they did from 2009 2010 (3 trillions dollars) and not have inflation.
    Why not? Inflation is the devaluation of currency. Value is determined by supply vs. demand. If demand for a currency increases and the supply doesn't, the value of the currency increases. If the demand for a currency increases (as has been happening since 2008), and the supply increases (as through quantitative easing, which only temporarily adds to the money supply, btw), then the value can remain constant.
    Well 1, 2, 3, take my hand and come with me
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  20. #180
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    Quote Originally Posted by oblivionx View Post
    It's not possible to "print" as much money as they did from 2009 2010 (3 trillions dollars) and not have inflation.
    So it was a governmental-wide conspiracy thrown in with all the financial firms which follow BLS statistics? Just stop, we are at below average inflation because our economy is not operating at it's capacity.

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