10 sats \ 3 replies \ @siggy47 OP 8 Apr \ parent \ on: Hardly Anyone Is Short Treasuries; Perhaps They Should Be econ
Definitely. The big banks own the fed. Once they lose power, maybe the argument might have a chance. That's a long ways off.
write
preview
75 sats \ 1 reply \ @Bell_curve 8 Apr
The best time to repeal Federal Reserve Act was during the Great Depression
Also… An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes
To furnish an elastic currency?
What does elastic mean? lol
reply
10 sats \ 0 replies \ @siggy47 OP 8 Apr
Elastic? That's for sure!
reply
0 sats \ 0 replies \ @Bell_curve 8 Apr
The best alternative but also unlikely is to increase money supply by 2 percent every year regardless of crisis or emergency.
Set it and forget it.
reply