View Poll Results: How should the Federal Reserve be Handled

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  • It should be the sole bank of the United States

    1 12.50%
  • It should exist and coincide along with free market banks

    2 25.00%
  • Free Market banks should be the sole entity. Abolish the Federal Reserve!!!

    4 50.00%
  • Other....

    1 12.50%
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Thread: The Benefits of National Banking

  1. #11
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    Re: The Benefits of National Banking

    I'd rather go to a free market system, where reserves would be higher, banks would be smaller, and rates of interest for loans and savings would be in line with the true wealth of the economy.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

  2. #12
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    Re: The Benefits of National Banking

    Quote Originally Posted by AliHajiSheik View Post
    Not sure if you are arguing with yourself but perhaps the definition of inflation would be helpful for you:
    2.
    ECONOMICS
    a general increase in prices and fall in the purchasing value of money.
    "policies aimed at controlling inflation"

    Unless you plan on repealing the law of economics, your plan obviously fails.
    ?
    Not really man. You simply change qualifications as the law renews itself. How do you think the current federal reserve board sets its interest rates?

  3. #13
    Dungeon Master
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    Re: The Benefits of National Banking

    Quote Originally Posted by Csareo View Post
    My strategy is to piss off as many conservative/libertarians as possible. The solution is providing as many logical threads as possible. Good Day
    Ok, let me know when you start with the logical threads.
    The greatness of a nation and its moral progress can be judged by the way its animals are treated.
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  4. #14
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    Re: The Benefits of National Banking

    Quote Originally Posted by X Factor View Post
    Ok, let me know when you start with the logical threads.
    Of course my threads don't seem logical to a conservative. As a ultra progressive, I even tick off the moderates.

  5. #15
    Dungeon Master
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    Re: The Benefits of National Banking

    Quote Originally Posted by Csareo View Post
    Of course my threads don't seem logical to a conservative. As a ultra progressive, I even tick off the moderates.
    Yeah, I won't deny that there are things about some liberal/progressive mindsets that are completely incomprehensible to me.
    Last edited by X Factor; 05-13-14 at 02:11 AM.
    The greatness of a nation and its moral progress can be judged by the way its animals are treated.
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  6. #16
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    Re: The Benefits of National Banking

    Quote Originally Posted by X Factor View Post
    Yeah, I won't deny that there are things about the liberal/progressive mindset that are completely incomprehensible to me.
    I guess were in mutual agreement. I can't understand the bull$hit that is conservatism, and you can't understand the bull$hit that is liberalism. We'll take this one to the polls.

  7. #17
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    Re: The Benefits of National Banking

    Quote Originally Posted by Bigfoot 88 View Post
    I'd rather go to a free market system, where reserves would be higher, banks would be smaller, and rates of interest for loans and savings would be in line with the true wealth of the economy.
    That sounds wonderful. But who would make sure the banks towed the line in a free market system?

  8. #18
    Dungeon Master
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    Re: The Benefits of National Banking

    People, people, it's "toe the line" not "tow the line".
    The greatness of a nation and its moral progress can be judged by the way its animals are treated.
    Mahatma Gandhi


  9. #19
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    Re: The Benefits of National Banking

    Quote Originally Posted by AliHajiSheik View Post
    You really think that inflation rates are set? Other than wage and price controls, inflation rates are based on what happened with prices, not determined beforehand. Supply and demand, a much more concrete theory than your home brew.

    So your strategy is to attack conservative idealism. Sounds like a tactic without an objective.
    The Federal Reserve tries to keep inflation around 2% using price indexes to set the target rates and interest rates to keep inflation in check. Inflation targeting helps make the federal reserve's moves more transparent which helps take some of the uncertainty out of the market.

  10. #20
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    Re: The Benefits of National Banking

    Quote Originally Posted by X Factor View Post
    People, people, it's "toe the line" not "tow the line".
    Learn something new everyday. All this time I thought it was a nautical term. lol

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