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Forum Post: A concise article on how the Fed Ruins our economy

Posted 13 years ago on Oct. 20, 2011, 12:25 p.m. EST by libertarianincle (312) from Cleveland, OH
This content is user submitted and not an official statement

http://mises.org/daily/5757/Rethinking-the-Gold-Bubble

5 Comments

5 Comments


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[-] 1 points by SparkyJP (1646) from Westminster, MD 13 years ago

Eliot Spitzer Takes On The Fed - MSNBC w/ Dylan Ratigan (7/24/09)

http://www.youtube.com/watch?v=gAtSmR7Z-Kg

http://www.washingtonsblog.com/2011/10/the-federal-reserve-and-bank-of-america-initiate-a-coup-to-dump-hundreds-of-billions-of-dollars-of-losses-on-the-american-taxpayer.html Cheers

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[-] 2 points by libertarianincle (312) from Cleveland, OH 13 years ago

All of this is available for two very simple reasons:

1) Unfettered capital being pushed into the system by the fed. 2) No risk of failure as the government bails out banks again and again.

Like Thomas E. Woods said in Meltdown: blaming this economic collapse on greed is like blaming plane crashes on gravity.

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[-] 1 points by SparkyJP (1646) from Westminster, MD 13 years ago

Agreed and i like the analogy. What will the banks do when they've sucked us dry?

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[-] 1 points by libertarianincle (312) from Cleveland, OH 13 years ago

What do you mean? They have an UNENDING supply of capital from the fed. They get it at pre-inflationary levels. They then lend it out at 10X its value. That causes artificial surpluses of capital in the system and mal-investments to occur. By the time the money comes to us, inflation has already occurred and we get hit with the most insidious tax of all: Inflation

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[-] 1 points by SparkyJP (1646) from Westminster, MD 13 years ago

I disagree. There is a breaking point because once they've drained ALL of our money; the only money available is printed or borrowed. When our credit runs out and printing is the only option; it will dilute the value of all existing money. I do agree that what the Fed is doing is hugely inflationary. Just my take.

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