Mainstay Emergency Food Rations 2400 Calorie Bars, Enriched with Vitamins & Minerals (Pack of 3)
Something very similar happened from late ’08-to-present, though the Fed during this period was far more stimulative than the Depression-era Fed. The contemp…
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Mainstay Emergency Food Rations 2400 Calorie Bars, Enriched with Vitamins & Minerals (Pack of 3)
Get rid of the F.R.B thats what Lincoln andrew jackson and kennedy?
Arguing in youtube comments is fun.?
Anyone who knows anything about economics can plainly see what an idiot you
are, and now you’re banned.
From what you’ve written here it is obvious that you have not had any
courses in economics (or critical thinking for that matter). Schiff should
send you a thank you note for making him look like a genius in comparison
with you.
Actually, you’re absolutely stupid and wrong. Googling a term doesn’t mean
you find a useful definition. I actually took economics courses, idiot. Go
take a course so you don’t act like such a retard. Anyone who knows
anything about monetary policy knows the monetary base is irrelevant.
Inflation is a rise in the general price level due to expected future
looser money. That’s it. There’s no “monetary inflation” that includes
anything going on with a physical money supply.
Instead of making a fool of yourself you could have taken 30 seconds to
google the term “monetary inflation” before claiming it doesn’t exist.
Monetary inflation is an increase in the money supply. Price inflation is
an increase in the price level. From 1921 to 1929 the money supply
increased every year. This data can be found in Friedman and Schwartz on p.
243 & p. 273. I don’t know why you’re being such a jackass. None of this is
controversial.
No idiot, there is no such definition of monetary inflation in economics.
lmao moron. And you’re not even right about that. I don’t even know what
you’re referring to as “monetary” in this case(and you don’t either), but
you’re flat wrong by any relevant measure.
Read my comment again: The 20s had high MONETARY INFLATION, not PRICE
INFLATION, dumbass.
No stupid, Friedman said there was deflation in the 20s. You obviously
haven’t read him and you’re just a liar and fool.
You and Mark are talking past each other. Mark said there was a significant
increase in the money supply during the 20s. Friedman and Schwartz (A
Monetary History) back this up. Monetary inflation was very high. Their
data also show that the rate of price inflation was very low, which is
presumably what you are talking about. The Austrian theory of recessions
(which, fwiw, I agree with you is weak) relies on monetary inflation alone,
and does not require positive price inflation.
Also wouldn’t you agree that Friedman was fundamentally a libertarian?
Albeit he belonged to a more utilitarian branch of the movement.
Well to be fair, I’d say that there are some individuals in the more
fundamentalist branch of the libertarian movement that would have had the
FED do nothing when the economy contracted. It is however my impression
that many libertarians are less uncompromising on these issues and would in
fact agree that the FED should have expanded the money supply, thus
preventing the economy from slipping further into depression.
Gold standard causes boom and busts. Just look how the price of gold
bounces around, you want to base a economy on that?
Hold physical silver and gold.
Idiotic libertarians will watch this and fail to comprehend what
Friedbrains was talking about. He wasn’t talking about Fed causing the
initial stock crash or govt intervention making creating and making great
depression worse. NO no no, this Friedbrain was talking about how the Fed
DIDN’T DO ENOUGH. The FED did NOT do what it was intended to do. It failed
to ACT/Respond. It’s like Firefighters failed to respond. So we end the
Firestation?? Idiot libertarians don’t know how to listen.
I agree. Interest rates peaked in the early 80s along with real wages and
GDP growth. All 3 have been downhill ever since. But how do you really fix
wages? The mention of it immediately gets you branded as a socialist
leftist communist bla bla bla. It’s difficult to fix because of the massive
influx of labor worldwide and the fact that technology is displacing so may
jobs. A real fix will only happen when people are so screwed that it takes
a political leader and movement.
Banks running their own currencies is pro-cyclical. That’s a big reason
they don’t.
I don’t think you understand. You can say the same about every case of
centralized management fail. “They did the wrong things, they just
should’ve done the right things, and problem solved”. But the point is that
mistakes are inevitable in case of any central planning, government
centralization, like FED.
i do understand. and there’s nothing wrong with central banking. america’s
central fed banking currently is the MOST responsible form of banking in
all the world. and frankly it doesn’t have enough power and oversight,
otherwise the 2008 crisis could’ve been averted if the fed had more power
such as the SEC.
“needed to do a better job next time, which they did do in 2008, 2009.”
Wow, government managed to (almost) fix the problem caused by the
government, that’s so sweet.
elisabeth warren talks about the big 3: rent/mortgage, health care costs,
and education as taking huge chunks out of pple’s savings. Make those 3
less expensive, and the american wage earning will breath a great relief.
Did you enjoy it?
Besides, government intervention was the cause of the money supply
reduction. So you’re saying FED didn’t respond properly to its own failure,
wich means it failed twice. See the other Friedman video:
watch?v=UOSlIqMvPpk “Great Depression was caused by some wise man sitting
in Washington decided to follow policies which reduced the quantity of
money”.
You are an even Bigger MORON!
Exactly! people are rooting for their own demise and don’t even know it or
care to know it.