Recent content by Libertomics

The Volcker reccesion fought inflation so how were they supposed to prevent high interest rates? If the fed wanted low interest rates at expense of inflation then low interest rates and high inflation would happen. The 70s inflation was becuase the Fed was afraid to cause a recession. The Fed...

The Fed is great at distorting the interest rate.

The federal reserve system is probably the most competent part of out government. I doubt that the fed would sit by as inflation becomes high, just as likely as the EPA watching as someone dumps nuclear waste infront of their HQ. The 1980s had very low inflation compared to the decade before...

Interest on excess reserves allows the fed to prevent any hyperinflation or any large inflation in the future.

Why would Hyperinflation come now?

Can Princeton you please try the untested vaccine on this Professor

:( I r 4

Bretton Woods or the modern US economy, inflation has been ever present. And it has had recessions in 1948, 1953, 1957, 1960, 1969, 1973, 1980, 1981, 1990, 2001 and 2007, but atleast it is not the recessions, panics and depressions of 1869, 1873, 1879, 1884, 1887, 1889, 1891, 1893, 1896, 1901...

But banks can pay back all its depositors on demand, if a run on the bank happens they borrow from other banks if not a federal reserve bank. Depending on the federal funds rate and discount rate of course.

Oswald alone.

M2 is increasing faster then real output. Velocity is the reason we do not have very high price inflation.

I am a yankee doodle.

I want to get rid of the HHS, SSA, VA, DOL, DOT, ED, HUD, DOE, DHS, CIA, EPA, SBA, NSF, CNCS, DOD, the income tax, the corporate income tax, the payroll tax, estate tax, most if not all tariffs, subsidies, handouts and entitlements. And that is not all I would want congress to get rid off. Not a...

I do not want to tax people to death, I hate taxes because I pay taxes myself. I just think that a small amount of taxes are needed for necessary goverment spending military, courts and so forth.