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re: Debunking wild conspiricies
Posted on 5/22/14 at 8:59 am to BennyAndTheInkJets
Posted on 5/22/14 at 8:59 am to BennyAndTheInkJets
quote:
I'm not saying the Fed is some all knowing perfect entity, but they are better than the alternative of no central bank which historical evidence supports.
Actually, the free banking era of the US was one of our most prosperous times in our history.
Less than 20 years after the creation of the Fed, we had the Great Depression.
I realize you're giving the standard argument in mainstream econ/finance... just playing a little devil's advocate here.
1
Posted on 5/22/14 at 9:30 am to The Sultan of Swine
quote:
Actually, the free banking era of the US was one of our most prosperous times in our history.
Please provide statistics here.
quote:
Less than 20 years after the creation of the Fed, we had the Great Depression.
The Fed was a completely different monster in 1913 compared to 1933 (well technically 1935/1942). The FOMC didn't even exist.
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