What do you think of this article....

[ZzzImAsleep]

http://online.wsj.com/article/SB122360636585322023.html

 

[Fight-n-Mad]

How could the richest and most productive economy the world has ever known have a financial system so prone to periodic and catastrophic break down? One answer is the baleful influence of Thomas Jefferson.

 

[silverhawks]

I think the writer of that article doesn't know history, doesn't know Thomas Jefferson, and doesn't have a clue as to how fractional reserve banking and central banks actually operate. It's a heavily clouded opinion piece.

The writer's perception is that since central banking didn't take hold in the US for 73 years, it suffered an economic slowdown; my perception would be that the US economy was moving at a natural rate, not an artificially boosted and manipulated one.

It would be extremely interesting to research how the US economy would have fared if it had gone back to a gold standard and stayed on it to the present day, compared to what we have now, taking into account fluctuations in the gold and silver markets.

 

[Otter Mii-kun]

baloney!

That article is a bunch of baloney-especially this statement:

No small part of the reason that an ordinary recession that began in the spring of 1929 turned into the calamity of the Great Depression was the inability of the Federal Reserve to do its job. It was completely reorganized in 1934 and the U.S. finally had a central bank with the powers it needed to function. That is a principal reason there was no panic for nearly 60 years after 1929 and the crash of 1987 had no lasting effect on the American economy.

The FED was doing their job of manipulating the currency and interest rates all throughout the 20s and 30s-exactly how the Great Depression came about and was aggravated.
Not to mention the massive credit bubble that started around 1983 and grew especially in the '90s that is now starting to come apart (although the global banking elitists are doing everything they can to stop it) is primarily a result of playing around with interest rates and other abusive policies.

 

[NewEnd]

and for 73 years, the US kicked the worlds ass in economic growth, prosperity, and opportunity, as well as ingenuity. as well as survived the war with the most American casualties ever.

 

[Carole]

Disgusting!

This article reads like a junior high textbook article that distorts the truth for the "benefit" of teaching the students what it wants them to believe.

I actually had a flashback to my schooldays while reading it.

 

[josephadel_3]

Why is it this asshole feels a need to confirm his bias by misleading the general public with his sly, opinion spewing article?