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[quote user="donmc"] Also, the main reason that the fed lowers rates is to increase borrowing and thus increase spending/consumption (to "stimulate the economy" in news fedspeak). [/quote] Note that this is a smokescreen put up by John Maynard Keynes in 1935, well after the Fed was...
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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...
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I'm trying to get my head around fractional reserve banking and had a couple of questions about this... So as to avoid rewriting something that's already been quite well explained, I'll use the following as a starting point: http://en.wikipedia.org/wiki/Fractional-reserve_banking OK, so basically...
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Thanks for posting the link. I thought the video was interesting but I don't agree with a lot of what it says. Here are my main disagreements: -The author seems to think that a constantly growing money supply is necessary. -The film condemns all credit transactions where interest is charged, as opposed...