Bruddah IZ
DA
How does that bird feel about negative interest rates? Again, government does not enforce interest rates.
Essential Economics for Politicians
- Thread starter Bruddah IZ
- Start date
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- finance too
Bruddah IZ
DA
Practically huh? Be more specific as to why the aforementioned countries practices a "purer" form of free markets. No doubt it is refreshing reading.
The Feds website explicitly states that it is "an agency of the federal government." Here's the link: https://www.federalreserve.gov/faqs/about_14986.htm
Let me just give you a simple example. Environmental regulations there are not nearly as vigorous as here.
Bruddah IZ
DA
Read that paragraph in itʻs entirety and tell me what it says in the end.
Bruddah IZ
DA
Thatʻs pro-business not pro-market. Common mis-understanding.
I used to see on the 3AM cable channel cheap-buy time a guy who looked like his head was about to explode advancing theories about how the Fed is a criminal conspiracy. He offered books for sale to explain things "I'm not allowed to say on television". I think Izzie bought the full 24-volume set.
"Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations."
You'd have to read yourself. You're not a 5th grader. Or are you?
In addition to the plain language, it was created by Congress. Its governors are appointed by POTUS and confirmed by the Senate. Its independence doesn't preclude it from being a government agency, no more than the Department of Justice.
Colloquially, people often use "government" to specifically refer to the executive branch. When we discuss government as opposed to the free market, we use "government" in a more general sense, which includes all 3 branches of government.
As an aside, in a landmark case Shelley vs Kraemer, the Supreme Court ruled that enforcing discriminatory private covenants constitutes state action under the Fourteen Amendment. In other words, our judiciary is part of government. Shelley vs Kraemer, though not well known, is the seminal case of desegregation cases which culminated in Brown vs. Bd of Education. Robert Bork's opposition to Shelley vs Kraemer turned a lot of conservatives against him. That IMHO ultimately sank his nomination.
Wez
DA
You'd have to read yourself. You're not a 5th grader. Or are you?
In addition to the plain language, it was created by Congress. Its governors are appointed by POTUS and confirmed by the Senate. Its independence doesn't preclude it from being a government agency, no more than the Department of Justice.
Colloquially, people often use "government" to specifically refer to the executive branch. When we discuss government as opposed to the free market, we use "government" in a more general sense, which includes all 3 branches of government.
As an aside, in a landmark case Shelley vs Kraemer, the Supreme Court ruled that enforcing discriminatory private covenants constitutes state action under the Fourteen Amendment. In other words, our judiciary is part of government. Shelley vs Kraemer, though not well known, is the seminal case of desegregation cases which culminated in Brown vs. Bd of Education. Robert Bork's opposition to Shelley vs Kraemer turned a lot of conservatives against him. That IMHO ultimately sank his nomination.
You gotta stop blowing up these Retardarians bro...
Bruddah IZ
DA
24 volume is the free government set. You got ripped off.
Bruddah IZ
DA
From your link:You'd have to read yourself. You're not a 5th grader. Or are you?
In addition to the plain language, it was created by Congress. Its governors are appointed by POTUS and confirmed by the Senate. Its independence doesn't preclude it from being a government agency, no more than the Department of Justice.
Colloquially, people often use "government" to specifically refer to the executive branch. When we discuss government as opposed to the free market, we use "government" in a more general sense, which includes all 3 branches of government.
As an aside, in a landmark case Shelley vs Kraemer, the Supreme Court ruled that enforcing discriminatory private covenants constitutes state action under the Fourteen Amendment. In other words, our judiciary is part of government. Shelley vs Kraemer, though not well known, is the seminal case of desegregation cases which culminated in Brown vs. Bd of Education. Robert Bork's opposition to Shelley vs Kraemer turned a lot of conservatives against him. That IMHO ultimately sank his nomination.
The Board of Governors in Washington, D.C., is an agency of the federal government. The Board--appointed by the President and confirmed by the Senate--provides general guidance for the Federal Reserve System and oversees the 12 Reserve Banks. Board reports to and is directly accountable to the Congress but, unlike many other public agencies, it is not funded by congressional appropriations. In addition, though the Congress sets the goals for monetary policy, decisions of the Board--and the Fed's monetary policy-setting body, the Federal Open Market Committe--about how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government.
The bold faced part states its independence. Independence and government agency are not mutually exclusive.
Bruddah IZ
DA
They are mutually exclusive. Donʻt fool yourself. They are not funded like other agencies.
Bruddah IZ
DA
I am!! I canʻt believe you adults donʻt know this stuff! We should have a CASHFLOW board game party. Iʻve bee playing since I was 3.You'd have to read yourself. You're not a 5th grader. Or are you?
Bruddah IZ
DA
He's nothing more than a cheerleader. (wez)
Laced actually engaged with a point of reference.
Intelligent debate does not need an antagonist and a cheerleader.
espola and wez.
Do yourselves, and the rest of us a favor, throw an idea out or stay on the bench.
Wez
DA
Certain people here are not worthy of a response because they have no and never have had, any intent at intelligent debate. They are worthless, so they get laughed at from afar...
Wez
DA
Has there been any post on this thread worthy of a response from anyone other than an infantile free market boob?