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Thread: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by DeeJayH View Post
    guess you did not hear the announcement. The recession is over
    seriously, they said that
    They say a lot of things that are not true.

    Last I heard from credible sources, the freefall has abated somewhat, but it is expected to continue the downward trajetory next year.

    .

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Dav View Post
    You know, the more I think about it, the more I don't think the gold standard was such a bad idea after all.

    I mean, with all this argument over monetary policy, maybe things would just be better if there were no monetary policy....
    If you want to return to the era of major depressions every 10-20 years, then by all means, the gold standard is the way to go.
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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by TOJ View Post
    They say a lot of things that are not true.

    Last I heard from credible sources, the freefall has abated somewhat, but it is expected to continue the downward trajetory next year.

    .
    Unemployment is expected to rise into next year, but the economy as a whole has probably bottomed out already.
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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Kandahar View Post
    If you want to return to the era of major depressions every 10-20 years, then by all means, the gold standard is the way to go.
    Alright, I'd LOVE to see proof of that.

    An explanation would also be nice.

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Ethereal View Post
    Monetary policy is complicated, therefore an audit won't prove anything for anyone.

    I'm not sure I follow.
    Monetary policy, being extremely complicated, is almost impossible for any one but a few experts to follow. Congressmen are not experts in this area.



    Politicians will argue over monetary policy, therefore an audit is a waste of time.

    Okay, now I'm really confused.
    Not what I said. What I was saying is that politicians will cherry pick information, both for and against the policy as it was done, and use it to argue their point. Most people will just agree based on the preferences going in with one of the arguments.

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Redress View Post
    Monetary policy, being extremely complicated, is almost impossible for any one but a few experts to follow. Congressmen are not experts in this area.
    in your own 'rebuttal' you already identified who should do the audit for the idiots in congress. hell, they dont write their own bills, they don't read bills they vote on, who would actually think they would do the actual audit

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    Quote Originally Posted by jallman View Post
    How the hell did you just tie in a retroactive reparative measure with a proactive preventative measure. Not even close to being the same thing.

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Redress View Post
    Monetary policy, being extremely complicated...
    Monetary policy is only complicated for statist Keynesians who think they know how to "manage" the economy.

    ...is almost impossible for any one but a few experts to follow.
    That's funny, since it was the "experts" who likely caused this whole mess with their expansionary monetary policy.

    Congressmen are not experts in this area.
    1. The Constitution specifically delegates the authority to conduct monetary policy to the Congress. Obviously, the Founding Fathers never intended monetary policy to become some secretive exercise in economic central management.

    2. There ARE members of Congress with expertise in monetary policy; Ron Paul, for instance.

    3. There are specialized committees capable of conducting competent oversight of monetary policy. RE: House Committee on Financial Services.

    Not what I said. What I was saying is that politicians will cherry pick information, both for and against the policy as it was done, and use it to argue their point. Most people will just agree based on the preferences going in with one of the arguments.
    So what? That's politics. I could use this same excuse for anything happening in Washington.

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Kandahar View Post
    Unemployment is expected to rise into next year, but the economy as a whole has probably bottomed out already.
    Really? So you are not expecting this will be a double-dipper?

    We, and many others we work with, are not willing to bet it will be over anytime soon. I guess we will see.

    .

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Ethereal View Post
    Monetary policy is only complicated for statist Keynesians who think they know how to "manage" the economy.

    That's funny, since it was the "experts" who likely caused this whole mess with their expansionary monetary policy.
    +1

    1. The Constitution specifically delegates the authority to conduct monetary policy to the Congress. Obviously, the Founding Fathers never intended monetary policy to become some secretive exercise in economic central management.
    Central management is the problem... but globalization was always about centralized controls, and making each 'region' dependant on others to be sustainable. We were meant to have a free market system, not this crony-capitalist system where all companies are tied, even to their competing companies. (ex : Coke -> Brysto-Myers Squibb <- pepsi (at least a few years ago, this may have changed))

    2. There ARE members of Congress with expertise in monetary policy; Ron Paul, for instance.
    If Ron Paul was given a fair shot, he would have been president.

    3. There are specialized committees capable of conducting competent oversight of monetary policy. RE: House Committee on Financial Services.
    +1

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Ethereal View Post
    2. There ARE members of Congress with expertise in monetary policy; Ron Paul, for instance.
    Just a little side note here, but isn't Ron Paul's expertise in vaginas?

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