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2010-09-28 Economy

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Posted by tipper 2010-09-28 08:39|| || Front Page|| [1 views ] Top

#1 The Fed was established to address the cyclic problem of recession/depression that America had experienced in the 19th Century. Since then, we've had the Great Depression and, now, the Great Recession. If you believe in fundamentals, it's time to reexamine if an institution is fulfilling the rationale for its existence.

Posted by Procopius2k 2010-09-28 09:23|| 2010-09-28 09:23|| Front Page Top

#2 IIRC some of the Founders were against a Nat'l bank because of manipulation possibilities that would create unintended consequences not desired in a free and open market.

Posted by Broadhead6 2010-09-28 11:06|| 2010-09-28 11:06|| Front Page Top

#3 "manipulation possibilities that would create unintended consequences not desired in a free and open market"

They're intended consequences now, Broadhead.

Of course, the clowns in charge don't want a free and open market. >:-(

Posted by Barbara Skolaut 2010-09-28 13:58|| 2010-09-28 13:58|| Front Page Top

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