Csareo
Member
- Joined
- May 12, 2014
- Messages
- 72
- Reaction score
- 6
- Gender
- Male
- Political Leaning
- Progressive
If I could have one wish before I die, it would be the abolition of free market banking. Don't get me wrong, I love capitalism and socialism alike, but the perks here are substantial. With a sole National Bank, we can cut the debt ceiling in half, cut taxes, start up new programs, circulate inner growth to an all time high, and wall street wouldn't be pissing on you anymore. I see but two arguments in its way....
"Oh golly, if the federal reserve was our sole bank, than they would freely set interest rates and the stock market would collapse"
Two Problems....
1. This would only be true if the government was trying to destroy the economy.
2. The opportunity-cost/trade off, far outweigh that of the stock market investment stream.
Two Solutions...
1. Basic constitutional clauses restrict overtly high inflation rates, or overtly low ones.
2. If the stock market issue was truly a burden, I suppose some sort of investment commitee, board, or even elected body could be formed -_-
Anyways, I want the populous opinion, so lay it on me.
"Oh golly, if the federal reserve was our sole bank, than they would freely set interest rates and the stock market would collapse"
Two Problems....
1. This would only be true if the government was trying to destroy the economy.
2. The opportunity-cost/trade off, far outweigh that of the stock market investment stream.
Two Solutions...
1. Basic constitutional clauses restrict overtly high inflation rates, or overtly low ones.
2. If the stock market issue was truly a burden, I suppose some sort of investment commitee, board, or even elected body could be formed -_-
Anyways, I want the populous opinion, so lay it on me.