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Re: Given the current economic jitters, how about those with knowledge give us a lesson on the Federal R
John: Let me preface my comments by saying that it is likely my three friends in this thread might disagree with my comments. So let me be clear that my comments are meant to be within the mainstream of economic thought. Initially the Fed was set up to help furnish "an elastic currency," to act as a "lender of last… -
Re: Given the current economic jitters, how about those with knowledge give us a lesson on the Federal R
SanctionII: I can give you a bit of history about the Fed. I am sure that others might disagree with some of my statements. All I can tell you is that I worked as a visiting scholar at the KC Fed for 8 months and I know what I am talking about. So, here is a bit about the Fed: The Fed was formed in 1913. Contrary to what… -
Re: Given the current economic jitters, how about those with knowledge give us a lesson on the Federal R
Read my reply to Andy about who benefits from inflation I did read it and I thought I posted a reasonable reply to it. How about this approach. If the guy holding the dollar loses the most, well that is Joe 6 pack. He is the guy who either keeps some money in the bank, if he's middle class he pays more than his fair share… -
Re: Given the current economic jitters, how about those with knowledge give us a lesson on the Federal R
So now I have disagreements with BOTH roadrunner and Mark who have been disagreeing with each other all along in this thread. Oh man, maybe I will just spray some cool water on me after work on this hot day as I don't own a pool! And seaeagle, the only coin I own that the 8-12 year old kids really like is the double… -
Re: Given the current economic jitters, how about those with knowledge give us a lesson on the Federal R
<< <i>So now I have disagreements with BOTH roadrunner and Mark who have been disagreeing with each other all along in this thread. Oh man, maybe I will just spray some cool water on me after work on this hot day as I don't own a pool! And seaeagle, the only coin I own that the 8-12 year old kids really like is the double… -
Re: Given the current economic jitters, how about those with knowledge give us a lesson on the Federal R
MrEarlygold, when the theory of economics has to be applied to down-trodden city neighborhoods, gangs, and yes...twinkies, economists have no concrete explanation as to how we got here or how to get out of it. Economics is best taught in the classroom....and left there. It has little application in the outside world other… -
Re: Given the current economic jitters, how about those with knowledge give us a lesson on the Federal R
Jay has a lot to be grateful for having worked his way up from a standup comedian with a "funny chin" to top of the TV talk shows. You can bet that the gas prices aren't curtailing his use of his cherished collector cars and motorcycles. He is not your typical middle class American today. I'm not so concerned about… -
Re: Given the current economic jitters, how about those with knowledge give us a lesson on the Federal R
ANY inflation benefits no one. Think of a lifetime of absolute Zero% inflation. Every penny saved is a penny earned....Sound familiar?? This hogwash of 'a little inflation is good' is nonsense. However how do you stop it? Inflation has always existed ever since coinage came about. Some roman coins were silver washed. Coin…
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