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End The Fed?

For discussion and debate about anything. (Not a roleplay related forum; out-of-character commentary only.)

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What should happen with the federal reserve

End the Fed immediately
17
36%
End the Fed by phasing it out
9
19%
Modify the existing system
12
26%
Leave it the way it is, There is no better option
2
4%
Leave it the way it is, it is in the best interest of the American economy and it's people
6
13%
other
1
2%
 
Total votes : 47

User avatar
ChevyRocks
Spokesperson
 
Posts: 195
Founded: Dec 09, 2005
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Postby ChevyRocks » Sat Sep 19, 2009 10:26 am

EVIL BEYOND COMPARE wrote:some of you are saying that the new deal was bad, the new deal is what saved america from the great depression.


Thanks there, I needed a good laugh. "New Deal saved America," that's a good one. :lol:
"If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action." - Ludwig von Mises

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Caninope
Postmaster of the Fleet
 
Posts: 24620
Founded: Nov 26, 2008
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Postby Caninope » Sat Sep 19, 2009 10:29 am

ChevyRocks wrote:
EVIL BEYOND COMPARE wrote:some of you are saying that the new deal was bad, the new deal is what saved america from the great depression.


Thanks there, I needed a good laugh. "New Deal saved America," that's a good one. :lol:


Almost as good as someone saying Johnson's Great Society deal helped.
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Rhodmhire
Post Marshal
 
Posts: 17421
Founded: Jun 05, 2009
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Postby Rhodmhire » Sat Sep 19, 2009 10:32 am

Ha...Ron Paul...that old crazy fart, he's...he's just a big nutjob...ha ha...ha...

*shamefully slithers into the dark corner of the thread once again*
Part of me grew up here. But part of growing up is leaving parts of ourselves behind.

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Brewdomia
Senator
 
Posts: 4222
Founded: Jun 26, 2009
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Postby Brewdomia » Sat Sep 19, 2009 10:35 am

History land wrote:
greed and death wrote:
GetBert wrote:If you got rid of it you would need some institution to carry out some of its functions, otherwise there would be a continuous cycle of bank runs. People would start keeping their money elsewhere and the US economy would suffer.

or just move the FDIC to the treasury department.


The FDIC need to go as well


Are you fucking kidding me? I am not having my life savings go to chance in the Free Market. Getting Rid Of The FDIC would be the dumbest thing any politician could possibly attempt to do.

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Maurepas
Post Czar
 
Posts: 36403
Founded: Apr 17, 2009
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Postby Maurepas » Sat Sep 19, 2009 10:35 am

Soratsin wrote:
Maurepas wrote:
EVIL BEYOND COMPARE wrote:some of you are saying that the new deal was bad, the new deal is what saved america from the great depression.

Well, actually, it was World War II...

However, without the spending and building of Infrastructure of the New Deal, we couldnt have handled the massive requirements of World War II, so, there ya go...


This particular argument makes me laugh. "The massive government spending during the new deal didn't end the great depression, it was the massive goverment spending during world war II!"

Well, Im just telling you what happened...Its not an argument against the New Deal, just the truth...

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GetBert
Ambassador
 
Posts: 1184
Founded: Jul 02, 2009
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Postby GetBert » Sat Sep 19, 2009 10:35 am

Czardas wrote:Does correlation imply causation?


Nope, but if you can prove or disprove anything in economics let me know and I will alert the Nobel Prize Committee.

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Chrobalta
Negotiator
 
Posts: 5324
Founded: Jul 02, 2009
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Postby Chrobalta » Sat Sep 19, 2009 10:36 am

Caninope wrote:
ChevyRocks wrote:
EVIL BEYOND COMPARE wrote:some of you are saying that the new deal was bad, the new deal is what saved america from the great depression.


Thanks there, I needed a good laugh. "New Deal saved America," that's a good one. :lol:


Almost as good as someone saying Johnson's Great Society deal helped.

Yeah!
Forget about civil rights, offering preschool to disadvantaged children, providing money to schools to purchase supplies, special education programs, medicare, medicaid, PBS, NPR, Urban mass transit, Automobile safety standards, consumer protection, and protecting an environment. From 1963 until 1970, the poverty levels fell from 22.2% to 12.6%

:roll:


http://en.wikipedia.org/wiki/Great_soci ... r_programs
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History land
Ambassador
 
Posts: 1676
Founded: Jun 28, 2007
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Postby History land » Sat Sep 19, 2009 10:38 am

Not a chance in HELL would I leave my savings to the mercy of the free market fairy.

The Fed should remain as it is, what we need to do is allow the Fed to do its job and De-politicize it. It is very important that we rework the rest of our regulatory structure and better regulate our markets



Soory but thems the breaks once the Fed is gone you better invest and save your money wisley. That`s the way it should be anyway
The Greater Americanian Air Force certainly had it's ass kicked
-Greater Americania during the war in Comaack

http://forum.nationstates.net/viewtopic.php?f=23&t=18687

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Maurepas
Post Czar
 
Posts: 36403
Founded: Apr 17, 2009
Ex-Nation

Postby Maurepas » Sat Sep 19, 2009 10:39 am

History land wrote:
Not a chance in HELL would I leave my savings to the mercy of the free market fairy.

The Fed should remain as it is, what we need to do is allow the Fed to do its job and De-politicize it. It is very important that we rework the rest of our regulatory structure and better regulate our markets



Soory but thems the breaks once the Fed is gone you better invest and save your money wisley. That`s the way it should be anyway

Problem is, that its not you who gets to invest wisely, its that bank you trusted to do so...

Thats not the way it should be...

User avatar
Brewdomia
Senator
 
Posts: 4222
Founded: Jun 26, 2009
Ex-Nation

Postby Brewdomia » Sat Sep 19, 2009 10:39 am

Caninope wrote:
ChevyRocks wrote:
EVIL BEYOND COMPARE wrote:some of you are saying that the new deal was bad, the new deal is what saved america from the great depression.


Thanks there, I needed a good laugh. "New Deal saved America," that's a good one. :lol:


Almost as good as someone saying Johnson's Great Society deal helped.


You cannot be drunk while posting. *nods*

User avatar
History land
Ambassador
 
Posts: 1676
Founded: Jun 28, 2007
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Postby History land » Sat Sep 19, 2009 10:40 am

Chrobalta wrote:
Caninope wrote:
ChevyRocks wrote:
EVIL BEYOND COMPARE wrote:some of you are saying that the new deal was bad, the new deal is what saved america from the great depression.


Thanks there, I needed a good laugh. "New Deal saved America," that's a good one. :lol:


Almost as good as someone saying Johnson's Great Society deal helped.

Yeah!
Forget about civil rights, offering preschool to disadvantaged children, providing money to schools to purchase supplies, special education programs, medicare, medicaid, PBS, NPR, Urban mass transit, Automobile safety standards, consumer protection, and protecting an environment. From 1963 until 1970, the poverty levels fell from 22.2% to 12.6%

:roll:


http://en.wikipedia.org/wiki/Great_soci ... r_programs



That Great society programs need to be removed permantaly.
The Greater Americanian Air Force certainly had it's ass kicked
-Greater Americania during the war in Comaack

http://forum.nationstates.net/viewtopic.php?f=23&t=18687

User avatar
Brewdomia
Senator
 
Posts: 4222
Founded: Jun 26, 2009
Ex-Nation

Postby Brewdomia » Sat Sep 19, 2009 10:41 am

History land wrote:
Chrobalta wrote:
Caninope wrote:
ChevyRocks wrote:
EVIL BEYOND COMPARE wrote:some of you are saying that the new deal was bad, the new deal is what saved america from the great depression.


Thanks there, I needed a good laugh. "New Deal saved America," that's a good one. :lol:


Almost as good as someone saying Johnson's Great Society deal helped.

Yeah!
Forget about civil rights, offering preschool to disadvantaged children, providing money to schools to purchase supplies, special education programs, medicare, medicaid, PBS, NPR, Urban mass transit, Automobile safety standards, consumer protection, and protecting an environment. From 1963 until 1970, the poverty levels fell from 22.2% to 12.6%

:roll:


http://en.wikipedia.org/wiki/Great_soci ... r_programs



That Great society programs need to be removed permantaly.


Wow. You are *CENSORED*

User avatar
History land
Ambassador
 
Posts: 1676
Founded: Jun 28, 2007
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Postby History land » Sat Sep 19, 2009 10:41 am

Maurepas wrote:
History land wrote:
Not a chance in HELL would I leave my savings to the mercy of the free market fairy.

The Fed should remain as it is, what we need to do is allow the Fed to do its job and De-politicize it. It is very important that we rework the rest of our regulatory structure and better regulate our markets



Soory but thems the breaks once the Fed is gone you better invest and save your money wisley. That`s the way it should be anyway

Problem is, that its not you who gets to invest wisely, its that bank you trusted to do so...

Thats not the way it should be...


If you don`t trust a bank do not use it`s services
The Greater Americanian Air Force certainly had it's ass kicked
-Greater Americania during the war in Comaack

http://forum.nationstates.net/viewtopic.php?f=23&t=18687

User avatar
Maurepas
Post Czar
 
Posts: 36403
Founded: Apr 17, 2009
Ex-Nation

Postby Maurepas » Sat Sep 19, 2009 10:42 am

History land wrote:

That Great society programs need to be removed permantaly.

why?

User avatar
Maurepas
Post Czar
 
Posts: 36403
Founded: Apr 17, 2009
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Postby Maurepas » Sat Sep 19, 2009 10:42 am

History land wrote:
If you don`t trust a bank do not use it`s services

1929 called, its telling you how the economy goes in that philosophy, :roll:

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History land
Ambassador
 
Posts: 1676
Founded: Jun 28, 2007
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Postby History land » Sat Sep 19, 2009 10:43 am

Maurepas wrote:
History land wrote:

That Great society programs need to be removed permantaly.

why?


They do more harm than good. Plus it`s not the goverment`s job the US goverment and many european goverments have step too far out of thier respective duties and have taken too much power.
The Greater Americanian Air Force certainly had it's ass kicked
-Greater Americania during the war in Comaack

http://forum.nationstates.net/viewtopic.php?f=23&t=18687

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Hydesland
Post Marshal
 
Posts: 15120
Founded: Nov 28, 2005
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Postby Hydesland » Sat Sep 19, 2009 10:45 am

I cannot believe this. :palm:

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Brewdomia
Senator
 
Posts: 4222
Founded: Jun 26, 2009
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Postby Brewdomia » Sat Sep 19, 2009 10:46 am

History land wrote:
Maurepas wrote:
History land wrote:

That Great society programs need to be removed permantaly.

why?


They do more harm than good. Plus it`s not the goverment`s job the US goverment and many european goverments have step too far out of thier respective duties and have taken too much power.


So Civil Rights for African Americans did more harm than good, right? :palm: :palm: :palm:

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Maurepas
Post Czar
 
Posts: 36403
Founded: Apr 17, 2009
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Postby Maurepas » Sat Sep 19, 2009 10:47 am

History land wrote:
Maurepas wrote:
History land wrote:

That Great society programs need to be removed permantaly.

why?


They do more harm than good. Plus it`s not the goverment`s job the US goverment and many european goverments have step too far out of thier respective duties and have taken too much power.

Seriously, who was that bastard who said the Government was meant to Promote the General Welfare, :palm:

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Hydesland
Post Marshal
 
Posts: 15120
Founded: Nov 28, 2005
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Postby Hydesland » Sat Sep 19, 2009 10:47 am

Monetary policy did NOT cause the crisis, at all:

read this http://www.voxeu.org/index.php?q=node/3314

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Brewdomia
Senator
 
Posts: 4222
Founded: Jun 26, 2009
Ex-Nation

Postby Brewdomia » Sat Sep 19, 2009 10:48 am

Maurepas wrote:
History land wrote:
Maurepas wrote:
History land wrote:

That Great society programs need to be removed permantaly.

why?


They do more harm than good. Plus it`s not the goverment`s job the US goverment and many european goverments have step too far out of thier respective duties and have taken too much power.

Seriously, who was that bastard who said the Government was meant to Promote the General Welfare, :palm:


I believe it was those founding fathers, they were complete idiots, weren't they?

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History land
Ambassador
 
Posts: 1676
Founded: Jun 28, 2007
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Postby History land » Sat Sep 19, 2009 10:49 am

So Civil Rights for African Americans did more harm than good, right?


Having the right of being a citzen to be able to vote and having your life,liberity and property defended by the law is the rights that are needed. The great society did stuff that were not needed. Also Affirmitive Action laws are not only wrong there racist. But if you want to debate me on Affirmitive Action take it to another thread
The Greater Americanian Air Force certainly had it's ass kicked
-Greater Americania during the war in Comaack

http://forum.nationstates.net/viewtopic.php?f=23&t=18687

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History land
Ambassador
 
Posts: 1676
Founded: Jun 28, 2007
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Postby History land » Sat Sep 19, 2009 10:51 am

Brewdomia wrote:
Maurepas wrote:
History land wrote:
Maurepas wrote:
History land wrote:

That Great society programs need to be removed permantaly.

why?


They do more harm than good. Plus it`s not the goverment`s job the US goverment and many european goverments have step too far out of thier respective duties and have taken too much power.

Seriously, who was that bastard who said the Government was meant to Promote the General Welfare, :palm:


I believe it was those founding fathers, they were complete idiots, weren't they?


No they were correct. It`s people like FDR that are complete idiots.
The Greater Americanian Air Force certainly had it's ass kicked
-Greater Americania during the war in Comaack

http://forum.nationstates.net/viewtopic.php?f=23&t=18687

User avatar
Brewdomia
Senator
 
Posts: 4222
Founded: Jun 26, 2009
Ex-Nation

Postby Brewdomia » Sat Sep 19, 2009 10:51 am

History land wrote:
Brewdomia wrote:
Maurepas wrote:
History land wrote:
Maurepas wrote:
History land wrote:

That Great society programs need to be removed permantaly.

why?


They do more harm than good. Plus it`s not the goverment`s job the US goverment and many european goverments have step too far out of thier respective duties and have taken too much power.

Seriously, who was that bastard who said the Government was meant to Promote the General Welfare, :palm:


I believe it was those founding fathers, they were complete idiots, weren't they?


No they were correct. It`s people like FDR that are complete idiots.


You have a really bad Sarcasm detector don't you?

User avatar
History land
Ambassador
 
Posts: 1676
Founded: Jun 28, 2007
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Postby History land » Sat Sep 19, 2009 10:52 am

Brewdomia wrote:
History land wrote:
Brewdomia wrote:
Maurepas wrote:
History land wrote:
Maurepas wrote:
History land wrote:

That Great society programs need to be removed permantaly.

why?


They do more harm than good. Plus it`s not the goverment`s job the US goverment and many european goverments have step too far out of thier respective duties and have taken too much power.

Seriously, who was that bastard who said the Government was meant to Promote the General Welfare, :palm:


I believe it was those founding fathers, they were complete idiots, weren't they?


No they were correct. It`s people like FDR that are complete idiots.


You have a really bad Sarcasm detector don't you?


Hard to tell sarcasm when typing
The Greater Americanian Air Force certainly had it's ass kicked
-Greater Americania during the war in Comaack

http://forum.nationstates.net/viewtopic.php?f=23&t=18687

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