End The Fed?

[Brewdomia]

Hard to tell sarcasm when typing

Anyway, The Founding Fathers, I believe, If The Constitution is correct, they put PROMOTE THE GENERAL WELFARE.

[History land]

Hard to tell sarcasm when typing

Anyway, The Founding Fathers, I believe, If The Constitution is correct, they put PROMOTE THE GENERAL WELFARE.

yes by defending individual rights and your property from force with the police or fraud with the Courts. The goverment`s last job is to run the military to defend aginst forigen attacks. Nothing more

[Mortshnefran]

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,

http://en.wikipedia.org/wiki/Taxing_and ... are_Clause

pay the Debts and provide for the common Defence and general Welfare of the United States; ”

Of all the limitations upon the power to tax and spend, the General Welfare clause appears to have achieved notoriety as the most contentious. The dispute over the clause arises from two distinct disagreements. The first concerns whether the General Welfare Clause grants an independent spending power or is a restiction upon the taxing power. The second disagreement pertains to what exactly is meant by the phrase "general welfare."

The two primary authors of the Federalist Papers essays set forth two separate, conflicting theories:

* the narrower view of James Madison that spending must be at least tangentially tied to one of the other specifically enumerated powers, such as regulating interstate or foreign commerce, or providing for the military, as the General Welfare Clause is not a specific grant of power, but a statement of purpose qualifying the power to tax;[16][17] and
* the broader view of Alexander Hamilton that spending is an enumerated power that Congress may exercise independently to benefit the general welfare, such as to assist national needs in agriculture or education, provided that the spending is general in nature and does not favor any specific section of the country over any other.[18]

obviously there was contention even among the founders as to the exact meaning of the general welfare clause. but it has been used to justify an amazing amount of actions by the government. if the founders really wanted the governments purpose to be to promote the general welfare, it doesn't make sense that they listed the enumerated powers. Why? all you need is the general welfare clause. beside if hamilton is the one who supposed that it was an enumerated power of it's own, then i feel completely justified in ignoring that interpretation. hamiltion was perhaps the worst thing to happen to our government

[Caninope]

I'm not drunk. Just different views.

My views are that the government needs to get out of everyone's lives. Then I'll be very happy.

[Tech-gnosis]

The Federal Reserve should be disbanded. It caused the great depression

The US was on the gold standard at the time of the great depression. Its inflexibility caused the depression.

[Tech-gnosis]

I would like to say to Milton and Anna...regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.

Read some Monetarist works in depth. The gold standard restricted the policies the Fed could employ causing the money supply to shrink.

[South East Europe]

Ron Paul is an idiot.

[Greed and Death]

I would like to say to Milton and Anna...regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.

Read some Monetarist works in depth. The gold standard restricted the policies the Fed could employ causing the money supply to shrink.

All the fed needed to do was raise the price of gold to about $33/oz.
Which they did, after the deflation made it the gesture pointless.

[Neu Leonstein]

From the conservative side the Fed represents an unregulated tax, because whenever the government takes out a loan it increases the total amount of currency creating inflation. The government is decreasing your relative wealth for it's own agendas.

Methinks before you run around calling for the Fed to be disbanded, you try to find out what the Fed actually does.

[Greed and Death]

From the conservative side the Fed represents an unregulated tax, because whenever the government takes out a loan it increases the total amount of currency creating inflation. The government is decreasing your relative wealth for it's own agendas.

Methinks before you run around calling for the Fed to be disbanded, you try to find out what the Fed actually does.

well it can do that, when the Fed buys treasury bonds, just don't think it has been done since World war II.
Though we did threaten to do so to get the Chinese to buy our debt some more.

[Capricana]

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,

Not a power, thats in the preamble, its a goal of the government. Using that argument is essentially saying the federal government has the power to act at it's discretion and if that were the case why would the framer's have wasted their time listing ENUMERATED powers.

[Lacadaemon]

I think some of the functions it has are probably desirable. Certainly having a lender of last resort is a good idea. But there's no reason that it has to be the Fed. Something could be set up to replace the current structure.

At the very least it should have more oversight.

[CIB EMPIRE]

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

Please show proof of your 5th grade history statement...

[Buffett and Colbert]

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

Please show proof of your 5th grade history statement...

Quoted for irony.

[Brewdomia]

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

Please show proof of your 5th grade history statement...

Quoted for irony.

I lol'd