Posted On: 02/22/2016 11:41:00 AM
Post# of 65629
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Time for a reset. The ones that are founded and planted on solid ground survive.
And them that's not take the hindmost?
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Good luck with your 'endeavor'. I'm not an 'association is causation' guy, but 100 year snapshots reveal a........pattern.
Quote:
What's the answer?
If history is any guide, having some sort of central bank may have been better than none. Out of 100 years of Fed control, the country has had 22 recessional years, including one depression. The 100 years before the Fed saw 44 recessions and six depressions.
What's left is this: until someone thinks of a better idea than the gold standard or handing the economic keys to the Treasury Department, or just leaving a void, the Fed will probably have to stick around—flaws and all.
"I think most of the rhetoric is political blather and adds to a degree of uncertainty around the world, hurting all aspects of growth," says John Allan James. "It may make good media copy, but the chances of the Fed being dissolved are totally unrealistic."
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