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“To send men to the firing squad, judicial proof is unnecessary. These procedures are an archaic bourgeois detail. This is a revolution! And a revolutionary must become a cold killing machine motivated by pure hate.” – Che Guevara http://letterstoadyingdream.wordpress.com/2008/12/20/the-butcher-of-la-cabana-the-real-che/ Che the Butcher
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Thank you for your replies. I have much to learn, but I must say that from my upbringing I have been taught to love Liberty, and I have come to believe that govt interventionism into the free market is against liberty in every sense of the word. I will continue to check in to this forum, and post when I can. Thanks again. ~SC
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[quote user="ivanfoofoo"] I just don't think that Bernanke is really a Friedmanite. [/quote] I agree with this assesment. However, I really don'y know what Bernanke is. I am wondering if he even knows what he is. These are strange times we are living in... He will be lucky if they don't charge him with perjury, and if Paulson doesn't
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Thank you for the link, I will read it later. [quote user="camp_steveo"] Had the Fed bought Treasuries in 1931 the money would have prevented the bank runs, thus preventing the collapse.[/quote] [quote user="Anarchist Cain"] Bought it with what? The Fed doesn't obtain a source of income. [/quote] I understand that the Fed was
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Please help me understand this. Milton Freidman said that the Federal Reserve could have prevented the Great Depression had they loosened money supply regulations. Now, Ben Bernanke is printing trillions out of thin air. Is Freidman's assesment wrong? I actually think what he is saying sounds correct. Had the Fed bought Treasuries in 1931 the money
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Tracking The Second Great Depression http://www.businessinsider.com/henry-blodget-tracking-the-second-great-depression-2009-6#tracking-the-depressions-world-output-1 These tracking charts will strike fear in your heart. Is the bottom near, or is this the onset of a "super depression"?
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I am debating a "liberal" in another forum who has brought these reports that show the results of the fed being audited. http://www.federalreserve.gov/monetarypolicy/files/BSTFRcombinedfinstmt20072008.pdf http://www.gao.gov/new.items/d09722r.pdf Why is HR1207 necessary if the federal reserve is already being audited? ~SC
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Thank you for your reply, and I will keep that in mind. I have a lot to learn before I can seriously debate in this forum, but I plan on sticking around and trying, so thanks again for your advice. ~SC
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No problem. I debate in a liberal forum A LOT, and I may have developed a quick defensive posture. No offense. As for Keynes school, no. I really had nothing specific in mind. I just didn't want to come across as "hateful" to any Keynesians that may be lurking. ~SC
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Such as what? Are you saying that Keynes has no valid points whatsoever? Please don't try to put words into my mouth either. I am strictly for laisse fairre govt policy.