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Forum Post: The Root Problem

Posted 13 years ago on Oct. 5, 2011, 7:05 a.m. EST by RP2012 (86)
This content is user submitted and not an official statement

http://www.youtube.com/watch?v=MnekzRuu8wo&feature=player_embedded

6 Comments

[-] 1 points by dreadsPoverty (93) from Mankato, MN 13 years ago

Damned derivatives ... wait, that's not economics.

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[-] 1 points by ToriAlexander (32) 13 years ago

End the Fed

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[-] 1 points by Jerry (11) 13 years ago

While I don't disagree about the fed, Keynes was not a chartalist or a proponent of MMT. Keynes would vomit today if he saw the stuff that government and academia were recommending in his name. Keynes' prescript was aimed at dealing with depression in a hard money system. Today we have fiat money and a floating exchange rate system, which were never considered when Keynes wrote his general theory.

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[-] 1 points by OccupyFEDnao (7) 13 years ago

Indeed the FED is the problem and their Keynesian Economics has put us in this situation.

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[-] 1 points by RP2012 (86) 13 years ago

Yup..they should occupy the FED, not Wall ST.

Wall St. would have never taken those gambles if they knew there would be no bail outs.

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