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Thoughts?
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Hello all. This is my first post at the Mises Forum. In the last few month I've taken interest in Austrian economics. I'm just about fininshed with Robert Murphy's Lessons for the Young Economists . I've read Murphy's Politically Incorrect Guide to the Great Depression and the New...
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Bill Fleckenstein recommends gold above all as a hedge against money printing from the Fed and the ECB. In one or two years you'll be thankful, he tells King World News : Tomorrow the Fed is probably going to bring QE3 and meanwhile Europe is in a state of disarray. All of that will sort itself out...
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Central bankers often remark that Central Banks were formed due to inumerable bank panics before their formation, when a free banking system reigned. I am sure this is an incorrect account of history, but I do not have the time to do my research. So, maybe someone can tell me if this is a true account...
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I don't know what FascistSoup is talking about. Socialist propaganda? I have never in my life heard any socialist try to convince anyone the Fed is a private entity. Are you just throwing out buzz words like shit against a wall to see what sticks? From the horse's mouth : "it is an independent...
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Found this page: http://www.usagold.com/federalreserve.html Could someone here explain the discrepancy here between their view and the view of Austrian economists, i.e. why usagold.com is wrong? I would really appreciate it as I am a bit confused on this. Thank you very much! EDIT: I also found this...
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Hypothetical question : If the US Treasury/ Federal Reserve were to make an announcement saying that the US will never be returning to the gold standard (and fiat currency were permanent), and the Fed would no longer hold gold in its vaults, what would be the impact? What would be the attractiveness...
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Whenever discussing the Great Depression, it is always argued that high interest rates imposed during the Great Depression (Specifically 1931) worsened the Depression because investment was curtailed. This of course seems to run contrary with what an Austrian would argue. There was obviously credit inflation...
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Here's a post I saw on Yahoo! Answers the other day I haven't considered it yet, but what does happen next? This post jumps out: "If Ron Paul holds the view that abolishing a central bank is a good idea, then he is even more naive than I gave him credit for. Money has the property of collecting...
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Can he? Supposing Dr. Paul gets elected president how would he be able to end the FED? There are tons of people who have an incentive to keep the FED around that he'll have to go against. It's just him and a handful of others in DC who want to end it. Do you think FED ending is realistic?