It’s alarming how many of you post on here in terms of economic issues, yet have little understanding of economics. And don’t misconstrue that statement as me saying Barrack Obama does. In fact…do any of you really understand why our economy is collapsing? I mean REALLY?
Please enlighten all of us economic idiots.
I’m sure there is no other way to take my original post as anything but degrading or down talk. However, I didn’t mean it in that sense. I actually am interested in your reasoning as well as the others on this board, in terms of the current state of our economic troubles, the ultimate reason or reasonS, and when they started.
For the amount of complaining on the proposed solutions to the economic crisis, I’d like to read what you feel the absolute problem is.
If you truly are interested there are several threads on this board that go into great detail on particular problems.
As for the “absolute” problem, don’t you think this is a bit simplistic? I could say gov’t intervension. What does that really tell us? You have to disect particular problems and identify specific policies that led to the particular problem. There are plenty of thread that do just that.
So you feel government intervention is the problem? Yet the Federal Reserve is not even part of the government.
Fractional Reserve banking, which has become so ridiculous due to the fact that government has NOT stepped in and said “Hey…don’t you think there should be a reasonable limit as to how much you can loan out based on how much you actually have?”, surely cannot be misconstrued with government intervention.
That’s a pretty shallow arguement. Fractional reserve banking is one of many issues and not nearly the most important.
First off gov’t intervention in the economy is the only reason the fed exists. The fed is powerless without the federal gov’t protecting it.
You think the gold standard would solve all of our economic whoes? If so, you are severly out classed on this board economically speaking, making your original post laughable.
No federal gov’t involvement in the economy, no federal reserve. Not in any harmful capacity anyway. Again, this is overly simplistic and doesn’t attempt to disect individual issues, but this seems to the conversation you are looking for.[/quote]
I’m sorry, but you happen to misunderstand the role of the federal reserve. The government does not protect the federal reserve…the federal reserve protects the government. Fractional reserve banking is the MAIN issue…this is a crisis of credit. This whole situation is a crisis of inflation due to ridiculous amounts of created money being poured into the economy. I don’t understand how you can’t see that?