Recent content by Tom228

The reason behind Germany's great economic return in the 30s had to do with Hitler rearming and rebuilding its military. To do that you need to build factories and create jobs. It's not exactly the most positive rebound...

Are food shortages really anything new to the news? I mean they've been going on for years. I'm not trying to be mean, but seriously why is this an issue all of a sudden? And what does this have to do with Monetary policy? Food shortages have to do when the food supply dwindles not how much...

I think it goes as far as the President nominating the Fed Chairman and the Senate voting on him. Then the Fed recommend things to Congress or the other way around. The Fed controls Monetary Policy, they don't make laws, only Congress can do that. Fiscal policy is in the hand of the Congress...

I remember Alan Greenspan on Jon Stewart talking about the Federal Reserve and Free Markets. According to Greenspan; the US didn't need a Central Bank such as the Federal Reserve because of the Gold Standard. Since the supply of gold is relatively stable aside from those gold supply shocks...

Become unemployed, then you'll never have to pay a penny in income taxes.

Regardless, companies will continue to go overseas, if it's cheaper, and it'll probably stay that way. Unless a bunch of people are willing to receive a pay cut manufacturing jobs will continue to go overseas. As a developed nation we expect to see high wages and pay, in developing countries...

Well there are like 100 threads on national debt/ clock. It's just really over done.

well it could also do with disturbing the peace. Like if you guys are filling the streets you block all traffic. People could get rowdy and all that stuff. Is this public or private area? Cause if it's private, then you have to respect the Property Rights.

Here's what my textbook I have here says: Also, by paying off the 74% of the debt owed to it self there would be a substantial change in the distribution of wealth.

Google "the gilded age." It's the age of the robber barons and such. It takes place shortly after the Civil War right up to the turn of the century.

I think the point is that the money can be spent on other things instead of military. And yes voluntary donations are more efficient, but how much do you actually donate per year. If you do donate a lot then good for you keep it up.

30% is held overseas (I'm just rounding percentages) 70% is domestic So only 30% can truly cause a lot of harm. Worse case scenario the government prints more dollars then we end up like Caesar Chavez and start shaving off zeros on our bills or Zimbabwe and outlaw inflation.

Well this was certainly a worthless thread.

Banana: In one word, "No" Reserve Ratio Stays the same regardless of how much money is created. It can be changed but it isn't done very often. And no it is not needed to make loans, it's a response to the Bank Runs during the Depression I believe.

Well they're trying to get more Private investment and encourage borrowing to boost GDP growth. But as the saying goes: "you can lead a horse to water but you can't make him drink"