There's been a larger amount of growth and prosperity since the Fed was created than before it. Aside from that, there was no logical reason to have a Fed before the Industrial Revolution. But cool story bro, the 1800s seem like such a fun time... fighting with bayonets and dying from the common cold, lol.
There's been a larger amount of growth and prosperity since the Fed was created than before it. Aside from that, there was no logical reason to have a Fed before the Industrial Revolution. But cool story bro, the 1800s seem like such a fun time... fighting with bayonets and dying from the common cold, lol.
Haha, I know enough about Canadian Joe already. He's a real life loon. Not like make fun of someone on the Internet loon, but real life wears a space blanket loon. He's been doing this for a better part of a decade. Just nonstop anti-government, birther level loon talk. There's nothing that can ever change that, it's like trying to teach a puppy to talk. But aside from that, he brings up every possible talking point conservatives have so it's nice to refute it for others to see.
"fighting with bayonets and dying from the common cold" LMAO
This is the intellectually vacuous "Jon Stewart" response we've come to expect from brainwashed idiot 'millennials' who gave us the illegal Kenyan.
Try anywhere between 4-7% of real GDP - that's what happens when you use hard money policies, rather than this phony money printing debt machine destroying people's wealth.
"fighting with bayonets and dying from the common cold" LMAO
This is the intellectually vacuous brainwashed "Jon Stewart" response we've come to expect from brainwashed idiot 'millennials' who brought us the illegal Kenyan.
Try anywhere between 4-7% of real GDP - that's what happens when you use hard money policies, rather than your phony money printing debt machine destroying people's wealth.
LMAO!!! That's a post-fed picture dude. Regardless, what do you think that picture proves? Lol. Here's Time Square now.
I've posted many pictures before. You can Google any city up to 1912, his Jon Stewart-like reasoning is LAUGHABLE. None of the technological progress achieved during the industrial revolution would have happened with the current Fed, the failures of central planning and an intrusive bureaucratic state.
In that period, America went from horse and buggy to the combustion engine, which I should note we are still stuck with.
"fighting with bayonets and dying from the common cold"
This is what kids are learning these days!
face)(*^%
LMAO!!! That's a post-fed picture dude. Regardless, what do you think that picture proves? Lol. Here's Time Square now.
I don't know ak...hard to argue joe's point....those guys in 1922 are wearing some pretty expensive hats. Haven't seen those since those dirty fed bastards starting ruining the world.
LMAO!!! That's a post-fed picture dude. Regardless, what do you think that picture proves? Lol. Here's Time Square now.
I don't know ak...hard to argue joe's point....those guys in 1922 are wearing some pretty expensive hats. Haven't seen those since those dirty fed bastards starting ruining the world.
The bayonet dates back to the 16th century and has absolutely NOTHING to do with the topic at hand - totally irrelevant how America became the world's number one economic superpower (hint: not with your failed Fed).
Fat-ass, loser Paul debates economics: "fighting with bayonets and dying from the common cold"
Poker Fraud David Vtard debates gun control: "the 2nd Amendment means muskets only"
This is what we get for allowing Jon Stewart to stay on the air as long as he did.
Here is what Thomas Edison and Henry Ford had to say about the Fed:
“That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.
“Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.
“But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.The difference between the bond and the bill is that the bond lets the money brokers collect twice the amount of the bond and an additional 20 per cent, whereas the currency pays nobody but those who directly contribute to Muscle Shoals in some useful way.
” … if the Government issues currency, it provides itself with enough money to increase the national wealth at Muscles Shoals without disturbing the business of the rest of the country. And in doing this it increases its income without adding a penny to its debt.
“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.
“Look at it another way. If the Government issues bonds, the brokers will sell them. The bonds will be negotiable; they will be considered as gilt edged paper. Why? Because the government is behind them, but who is behind the Government? The people. Therefore it is the people who constitute the basis of Government credit. Why then cannot the people have the benefit of their own gilt-edged credit by receiving non-interest bearing currency on Muscle Shoals, instead of the bankers receiving the benefit of the people’s credit in interest-bearing bonds?”
http://prosperityuk.com/2000/09/thomas-edison-on-government-created-debt-free-money/
“That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.
“Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.
“But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.The difference between the bond and the bill is that the bond lets the money brokers collect twice the amount of the bond and an additional 20 per cent, whereas the currency pays nobody but those who directly contribute to Muscle Shoals in some useful way.
” … if the Government issues currency, it provides itself with enough money to increase the national wealth at Muscles Shoals without disturbing the business of the rest of the country. And in doing this it increases its income without adding a penny to its debt.
“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.
“Look at it another way. If the Government issues bonds, the brokers will sell them. The bonds will be negotiable; they will be considered as gilt edged paper. Why? Because the government is behind them, but who is behind the Government? The people. Therefore it is the people who constitute the basis of Government credit. Why then cannot the people have the benefit of their own gilt-edged credit by receiving non-interest bearing currency on Muscle Shoals, instead of the bankers receiving the benefit of the people’s credit in interest-bearing bonds?”
http://prosperityuk.com/2000/09/thomas-edison-on-government-created-debt-free-money/
Lol, it was a joke dude. Calm down. I'm sorry for insulting your precious 19th century. You guys were really advanced.
And you're the one exaggerating the Fed's influence. The function of the Fed is very logical and will be around for the rest of mankind. The whole conspiratorial crap about their influence on economic development comes from the psycho anti-govt loon crowd.
