scott. Mr. 1%. Debunk this.

[Wild Cobra]

Why are both spouses working again?

Several different reasons. Still, it is one of the causes. One of those vicious circles.

[RandomGuy]

I think ignorance is the root of all evils. Therefore, I think Parker is the root of all evils, personified.

There is no capital more useful than intellect and wisdom, and there is no indigence more injurious than ignorance and unawareness.
--Ali ibn Abu Talib (c. 600 - 661)

[ElNono]

Why are both spouses working again?

Clearly the solution to economic woes is to send the wife back to the kitchen...

[Parker2112]

There is no capital more useful than intellect and wisdom, and there is no indigence more injurious than ignorance and unawareness.
--Ali ibn Abu Talib (c. 600 - 661)

Are you just playing ignorant to the OP's obvious flaws, or are you just too injured and/or indigent to pose insightful opposition?

I saw your weak attempt on the other thread...

I would hope you could do better than that. But I wouldn't put money on it. Prove me wrong if you are able.

[scott]

I'll eventually respond to you, but I've been on vacation in the Pacific NW. Get back later this week, hopefully in time for us to solve all the planet's problems

[RandomGuy]

Are you just playing ignorant to the OP's obvious flaws, or are you just too injured and/or indigent to pose insightful opposition?

I saw your weak attempt on the other thread...

I would hope you could do better than that. But I wouldn't put money on it. Prove me wrong if you are able.

Goober, I already responded. Jeez. read the previous page.

[Parker2112]

uhhh...no you didnt.

to quote WH, "do you're own homework."

[Parker2112]

I'll eventually respond to you, but I've been on vacation in the Pacific NW. Get back later this week, hopefully in time for us to solve all the planet's problems

Cant wait

[Wild Cobra]

I'll eventually respond to you, but I've been on vacation in the Pacific NW. Get back later this week, hopefully in time for us to solve all the planet's problems

I thought you were gong to send me some pictures...

[Parker2112]

Its a shame scott is the only "progressive" on this board that can even attempt to rebut the OP.

[Winehole23]

to quote WH, "do you're own homework."

that's a misquote

[Winehole23]

Its a shame scott is the only "progressive" on this board that can even attempt to rebut the OP.

circularity. you just throw stuff on the wall and expect others to debunk it, assuming its validity.

Lazy!

[LnGrrrR]

I heard Ron Paul eats babies. Will Parker have the guts to debunk it?

[scott]

The Fed is the root of the following evils:
1) massive bureaucracy which tends to eat up our civil liberties, our economic freedoms, etc,

Is the Fed the root of these massive bureaucracies? Seems as though these massive bureaucracies tend to exist independent of the Fed.

2) endless(?) funding for endless wars which destabilize our security, serve war profiteers bank accounts, and put a huge burden on our future generations to pay for our immoral murder and exploitation of brown people across the globe

Your blame for this (not focused on whether or not "this" is true, because its irrelevant) is misplaced. The funding for these wars is obtained by congress, which has the authority to borrow money on backing of the faith and credit of the United States, which has never defaulted on a loan in its history. Regardless of if we have the Fed, or any of its functions, congress can still achieve this.

3) the extraction of the wealth of the lower and middle class through inflation tax, which most of the public does not understand and cannot discover through the controlled MSM,

You are right, that most of the public doesn't understand the inflation tax. They can't learn about it from the "MSM" either, but would you want them to? The "MSM" doesn't understand the inflation tax either, why would you want the blind teaching the blind to use a telescope?

The inflation tax is a real thing that has real costs that go beyond even the arbitrary redistribution of wealth (which happens in a few ways as a result of an inflation tax, but I don't feel the need to get into a 75 minute lecture on here). There are also the shoeleather & menu costs in addition to relative price distortions that can cause misallocation of resources that are part of what we call the "inflation tax".

This actually makes a case FOR the fed, which tries to limit the damage caused by the inflation tax by keeping inflation low and stable (which it very much is in America).

At the same time, there is a contingent of Economists that argue that there exists a Laffer Curve for the inflation tax, where the optimal rate of the tax is greater than zero as to act as an economic stabilizer while not have regressive outcomes (and, in fact, the inflation tax can be very much progressive - it can arbitrarily shift wealth from creditors to debtors). But it is (to my knowledge) a fairly new field of study and is not a widely accepted concept at this point.

In any event, the inflation tax is not a creation of the Fed, and empirically you will find that the Fed has kept the inflation tax relatively low.

4) enables the blatant insider fraud that our fed legislators currently engage in

Our legislators don't need the Fed to engage in fraud. If fraud occurs on Tuesdays, does that mean that Tuesdays are enabling fraud?

5) charges interest for providing a function that could otherwise be done at cost, without putting America in extreme debt. Any monkey can pull zeroes out of his/her ass.

I'm not entirely sure what you are talking about here... but what "at cost" function works in a free market economy?

6) Encourages bad investments, causing bubbles which burst leaving us all wet, as it artificially keeps interests rates low, encouraging imprudent borrowing/investment without sufficient savings to justify low interest rates, after which it...

Monetary Policy is an interesting beast that works a lot like a pedal that only moves in two directions, but effects more than one thing. If your focus is on interest rates, the Fed can do that - but then it might fail on spurring economic activity, moderating inflation, moderating unemployment, etc.

I'll only address the Monetary function of the Fed on this point and whether having "artificially low" interest rates encourages bad investment. The regulatory function of the banking industry is done elsewhere.

I'd definitely agree our bank regulatory system could use a MAJOR overhaul (and I say this as someone who was once upon a time part of that system).

7) performs a manipulation of the business cycle, from boom to bust, in order to facilitate the concentration of wealth at the top of the financial ladder, through fluctuation of currency liquidity

They absolutely perform a manipulation of the business cycle - smoothing it out.

You don't have any evidence to support the accusation they do so in order to aid a concentration of wealth, because it doesn't exist anywhere outside of your Conspiracy Theory blogs.

8) As Greenspan admitted, BEST CASE SCENARIO is that the Fed could effectively mimic gold as a slow source of gradual inflation,

So?

9) one of the major functions purported to justify the Fed is economic stability, however a study of history will show that over history we have averaged 1-2 major disruptions per decade.

One of the major functions of laws is to prevent certain activities from taking place (for example, Murder), yet those activities still occur. Does that mean that having laws is stupid?

We haven't had a "major" disruption since the Great Depression. The fact you think otherwise is evidence of your failure to grasp the world around you and what really cons utes an economic disruption. The United States has been the world's most stable economy, no matter if Spoiled Americans think the end times are upon us because we have 10% unemployment.

10) the fed has reduced the dollar's value more than 90% since it took hold of our currency. This robs citizens on fixed income and who diligently and save responsibily.

Yes, the value of the dollar compared to gold has fallen since we've stopped tying the value of the dollar to gold (predictable). Yet real wages in the United States have increased in the same period, and the ability to purchase gold with dollars has diminished has not impacted what the real purchasing power of individuals (that was increasing real wages mean).

11) The arrangement is illegal without Cons utional Amendment

File a lawsuit.

______________

At the end of the day, your anger is misguided based on your lack of understanding of the way the economy works. I understand you've read a lot on the internet which you feel makes you an expert - and anyone who disagrees is just a pawn of the system. If that's the way you think, so be it. But so long as you hold on to ridiculous notions that the Fed is to blame for the world's maladies because they exist to enrich the 1% and assassinate presidents who dare to challenge them, you'll find yourself continually isolated as "the only smart one."

I humored you by responding to this, but I likely won't be taking the time in the future. Feel free to think it's because I'm just a pawn working at the feet of my masters, because I really don't care.

[RandomGuy]

uhhh...no you didnt.

to quote WH, "do you're own homework."

Lazy, lazy lazy. It was the third from the bottom, had you bothered to actually scroll down.

Seriously though, all kidding aside, which do you want picked apart first?

We could just start at the beginning, I guess.



I see Point A, "the Fed", and Point B, the "massive bureaucracy"

Fed------------------------------------------> massive bureaucracy"

How exactly is the Fed to blame for massive bureacracy? Draw the line from point A to point B.

I don't see the Fed as really causing the need to have my meat/airplanes inspected. That is caused by bacteria and cracks in airframes.

[boutons_deux]

Both spouses working is one reason why wages are down. Simple supply and demand economics at work.

absolute bull

millions of women entering the workforce in late 70s and 80s is the only reason households were able to hold their real income FLAT!

wages are down since St Ronnie initiated the war on employees because UCA/VRWC has demonized/busted unions to nothing (unions were a huge reason real wages were solid and increasing for everybody), the war on employees even as productivity and real GDP rise, and shifting everybody's-boat-floating wage increases to mgmt and stockholders.

[Parker2112]

Lazy, lazy lazy. It was the third from the bottom, had you bothered to actually scroll down.

I read it. Talk about lazy. You want me to do your homework for you.

Scott, pick up your lapdog's slack already.

[TeyshaBlue]

I read it. Talk about lazy. You want me to do your homework for you.

Scott, pick up your lapdog's slack already.

Lrn2read.
http://www.spurstalk.com/forums/show...6&postcount=65

[Parker2112]

Lrn2read.
http://www.spurstalk.com/forums/show...6&postcount=65

Thanks, ...didnt see it This is going to be good.

[Parker2112]

Is the Fed the root of these massive bureaucracies? Seems as though these massive bureaucracies tend to exist independent of the Fed.



Your blame for this (not focused on whether or not "this" is true, because its irrelevant) is misplaced. The funding for these wars is obtained by congress, which has the authority to borrow money on backing of the faith and credit of the United States, which has never defaulted on a loan in its history. Regardless of if we have the Fed, or any of its functions, congress can still achieve this.



You are right, that most of the public doesn't understand the inflation tax. They can't learn about it from the "MSM" either, but would you want them to? The "MSM" doesn't understand the inflation tax either, why would you want the blind teaching the blind to use a telescope?

The inflation tax is a real thing that has real costs that go beyond even the arbitrary redistribution of wealth (which happens in a few ways as a result of an inflation tax, but I don't feel the need to get into a 75 minute lecture on here). There are also the shoeleather & menu costs in addition to relative price distortions that can cause misallocation of resources that are part of what we call the "inflation tax".

This actually makes a case FOR the fed, which tries to limit the damage caused by the inflation tax by keeping inflation low and stable (which it very much is in America).

At the same time, there is a contingent of Economists that argue that there exists a Laffer Curve for the inflation tax, where the optimal rate of the tax is greater than zero as to act as an economic stabilizer while not have regressive outcomes (and, in fact, the inflation tax can be very much progressive - it can arbitrarily shift wealth from creditors to debtors). But it is (to my knowledge) a fairly new field of study and is not a widely accepted concept at this point.

In any event, the inflation tax is not a creation of the Fed, and empirically you will find that the Fed has kept the inflation tax relatively low.





Our legislators don't need the Fed to engage in fraud. If fraud occurs on Tuesdays, does that mean that Tuesdays are enabling fraud?



I'm not entirely sure what you are talking about here... but what "at cost" function works in a free market economy?



Monetary Policy is an interesting beast that works a lot like a pedal that only moves in two directions, but effects more than one thing. If your focus is on interest rates, the Fed can do that - but then it might fail on spurring economic activity, moderating inflation, moderating unemployment, etc.

I'll only address the Monetary function of the Fed on this point and whether having "artificially low" interest rates encourages bad investment. The regulatory function of the banking industry is done elsewhere.

I'd definitely agree our bank regulatory system could use a MAJOR overhaul (and I say this as someone who was once upon a time part of that system).



They absolutely perform a manipulation of the business cycle - smoothing it out.

You don't have any evidence to support the accusation they do so in order to aid a concentration of wealth, because it doesn't exist anywhere outside of your Conspiracy Theory blogs.



So?



One of the major functions of laws is to prevent certain activities from taking place (for example, Murder), yet those activities still occur. Does that mean that having laws is stupid?

We haven't had a "major" disruption since the Great Depression. The fact you think otherwise is evidence of your failure to grasp the world around you and what really cons utes an economic disruption. The United States has been the world's most stable economy, no matter if Spoiled Americans think the end times are upon us because we have 10% unemployment.



Yes, the value of the dollar compared to gold has fallen since we've stopped tying the value of the dollar to gold (predictable). Yet real wages in the United States have increased in the same period, and the ability to purchase gold with dollars has diminished has not impacted what the real purchasing power of individuals (that was increasing real wages mean).



File a lawsuit.

______________

At the end of the day, your anger is misguided based on your lack of understanding of the way the economy works. I understand you've read a lot on the internet which you feel makes you an expert - and anyone who disagrees is just a pawn of the system. If that's the way you think, so be it. But so long as you hold on to ridiculous notions that the Fed is to blame for the world's maladies because they exist to enrich the 1% and assassinate presidents who dare to challenge them, you'll find yourself continually isolated as "the only smart one."

I humored you by responding to this, but I likely won't be taking the time in the future. Feel free to think it's because I'm just a pawn working at the feet of my masters, because I really don't care.

Im impressed. Instead of speaking down from on high, you brought what you had to offer, which honestly is probably a lot. I'll get back with you on this this weekend.

P.S. My take is gathered from Ron Paul and Ron Paul related sources. If you call that conspiracy laden, then so be it.

[RandomGuy]

I read it. Talk about lazy. You want me to do your homework for you.

Scott, pick up your lapdog's slack already.

Not my job to prove your point. Shifting the burden of proof is dishonest.

[DMC]

Goddamn necroGuy, get a in' life.

[RandomGuy]

Goddamn necroGuy, get a in' life.

Criticism from you makes me happy.