Thread: The Fed Audit - Results Are In - Finally!!!!

Originally Posted by Ethereal

Regurgitating state propaganda is really all you're capable of, isn't it?

exactly what about it makes you think it's state propaganda?

Originally Posted by Ethereal

There was this thing - not sure if you've heard of it - called the "industrial revolution" that preceded the creation of your precious central bank by decades. It was responsible for our exponential growth in GDP and living standards.

The idea that a central bank could be responsible for our prosperity is so ridiculously stupid that only a progressive could believe it.



Right, the central bank had nothing to do with the collapse of the banking system.

lol

How do you even type this garbage?

Yep, we had an industrial revolution with recession after recession, and a huge income gap with little credit flowing to the working class.

That's why the Fed was established. It worked. Countries without a means of regulation credit didn't prosper as much.

NEXT!

Originally Posted by dujac

exactly what about it makes you think it's state propaganda?

It doesn't reinforce what he already believes

Originally Posted by Ethereal

Name them…

the panic of 1907, the aldrich-vreeland act and the pujo committee report

Originally Posted by Landru Guide Us

Jesus: you really are ignorant of 19th century economic history.

Google the long depression and get back to us. I can't provide you with remedial economics.

Concession accepted.

Originally Posted by Ethereal

Concession accepted.

Yep, you've conceded you're totally ignorant of the Long Depression, inter alia.

Originally Posted by dujac

exactly what about it makes you think it's state propaganda?

If it's coming from a statist shill, then we can safely assume it's state propaganda.

Originally Posted by Landru Guide Us

Yep, we had an industrial revolution with recession after recession, and a huge income gap with little credit flowing to the working class.

Most of those recessions were caused by government meddling in the economy.

That's why the Fed was established. It worked. Countries without a means of regulation credit didn't prosper as much.

NEXT!

Actually, markets worked. The Federal Reserve simply took the credit.

Originally Posted by The Mello Guy

It doesn't reinforce what he already believes

Yup, that must be it.

Originally Posted by Landru Guide Us

Yep, you've conceded you're totally ignorant of the Long Depression, inter alia.

I'm aware of it. You haven't provided any evidence which would suggest it was caused by a lack of a central bank, ergo you have conceded the point by failing to substantiate it.

The truth is that the long depression was precipitated by Federal intervention into the railroad industry. The land grants and subsidies created a railroad bubble and it popped.