- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Debunking wild conspiricies
Posted on 5/22/14 at 10:30 am to BennyAndTheInkJets
Posted on 5/22/14 at 10:30 am to BennyAndTheInkJets
quote:
The Fed was a completely different monster in 1913 compared to 1933 (well technically 1935/1942). The FOMC didn't even exist.
But, they did expand the money supply in the 20s (largely due to an agreement with the Bank of England)
quote:
Please provide statistics here.
I don't think it's very controversial statement, even though it's tough to get accurate GDP or other aggregate data from back then. Both sides of the argument seem to agree that economy grew fairly consistently during the period.
LINK
This paper argues that the growth was due more to charter banking than free banking. Scroll to the end for the regressions using data on manufacturing capital growth and farm capital growth. (Farm capital actually shrinks but manufacturing capital grows at a much larger rate, which most would agree was a good sign for the modernization of the economy.)
My god, how did we get this esoteric in a conspiracy theory thread?
This post was edited on 5/22/14 at 10:32 am
1
Posted on 5/22/14 at 11:15 am to The Sultan of Swine
quote:
But, they did expand the money supply in the 20s (largely due to an agreement with the Bank of England)
Very different from our argument of central planning. The increase of the money supply during the 20's was mainly from the low discount window, I think you're referring to when we relaxed the gold standard in 1914 for WW1 which raised the monetary supply a lot from 1914-1920.
quote:
This paper argues that the growth was due more to charter banking than free banking.
Uhh....you stated that the some of the best years for economic growth were during the free banking system? As you stated the paper concludes that the free banking system did not have an effect on economic growth. You do know that Fed banks are chartered banks, right? I may be misinterpreting what you're saying but it seems like your argument was against central planning in the banking system, and all your evidence supports central planning in the banking system.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News