Viewing profile — _gx90

>Furthermore, I take issue with the emphasis on "property damage" as property is fairly meaningless when you fear for your live or live paycheck-to-paycheck. America has an unhealt…

Completely ridiculous. If a major corporation in concordance with other entities bans speech that does toe the party line - that is quite literally fascism and something straight o…

Collateral is the wrong term, apologies for that - what I mean is that expanded bank reserves can be used to back an expansion of credit from the bank in question.

>The central bank have not power to stimulate the economy in this situation, that's the reason central bankers are pushing the governments to spend directly. Sounds very political …

Yes: http://www.shadowstats.com/alternate_data/inflation-charts This site calculates CPI using the old way of calculating it, and according to that method the inflation rate is clo…

It cannot be repaid, ever, because the interest exceeds the amount of money that is currently in existence, which means they will always have to borrow more money (which is created…

>The Fed has doubled (!) the number of assets on its balance sheet by creating new monetary instruments and using some of them to purchase financial assets like treasuries and mort…

Because they are pocketing the difference by arbitraging between the government (who issue the treasuries) and the Fed (who is the ultimate buyer) since the Fed cannot buy treasuri…

They are, the argument that the poster above you put forward is such a tired argument and I really do not understand why people are trying to hide the fact that the Fed is actually…

I hope I'm not the only one that finds this completely ridiculous. What right does the U.S. Federal Government have to prosecute people who aren't even operating within their juris…

I should qualify that I think the idea of private banks is perfectly fine. I agree that what we have right now is a quasi-governmental centrally planned banking system and that sho…

> A free market was the only possible market when society did not have the tools to organize and control resource allocation on the scale its possible today, due to advances in tec…

>The free market in my country has produced two banks that provide banking to 80% of the population (6M people). I don't want to assume where you are from, but almost every develop…

>Yes, we've had sustained economic growth and wealth generation to a magnitude never seen before in the history of the world (although not equitable, but that's a different policy …

Hah, now that is something I'd like to see. I don't have my hopes up though because elitist central bankers don't like to be transparent or be subject to public scrutiny - all docu…

It is not sustainable when we have an unsustainable and quite frankly insane monetary policy which is being pushed by central bankers. In a sane world credit provision would be dec…

This is an obvious trojan horse for totalitarian central planning. Easier to enact negative interest rate policy when everyone is holding an account at the Fed and no one can take …

You can't really say this without the followers of the Church of Musk attacking you for going against the saviour of the human race, but this is why I think there is something very…

Wait until you hear about how we Swedes feel when we hit the 50%-55% income tax bracket (not counting payroll tax of 30%!).

FOMC minutes are published, but not other meetings which are arguably more important, including the meetings of the Board. https://www.federalreserve.gov/aboutthefed/boardmeetings/…

>Please, this isn’t Soviet Russia, economists disagree about practically everything, so the whole argument that the profession has a serious groupthink problem is unconvincing to m…

"Well, unquestionably, housing prices are up quite a bit; I think it's important to note that fundamentals are also very strong. We've got a growing economy, jobs, incomes. We've g…

>Sorry, but it's at this point in the thread that I realize that talking to tech bros on hacker news about monetary policy is actually the seventh circle of hell. Glhf. Appealing t…

The fact that it has been going on for decades doesn't make the point less valid. This kind of monetary intervention is compounding in nature, and it can be clearly seen as how eac…