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So you can''t actually address a single question about your position but those who thoughtfully point out issues that disagree with you are "cheerleaders" with "bullshit". Noted.

Because it's irrelevant. It makes the faulty assumption that $1 buying the same amount of a good or service in 2021 as 1913 is in any way useful or meaningful. And it ignores the questions you are clearly unable to answer: Where are the examples you can provide of countries that enjoyed economic...

If you'd pointed out anything I'd said that was incorrect I would certainly incorporate that information into my knowledge base, you can call that "adjusting" ones views or you can call it being open to learning and acknowledging that one might be wrong. Do you consider that a bad thing? Those...

At this point it sounds like not even you remember what your point is. It sounds like you initially came to this idea that we should blow the Fed up without actually thinking much about it. When pressed, you keep coming up with more and more improbable reasoning until you're left with one line...

Again, I struggle to find your point. You admit that there's no successful modern economy without a central bank, but apparently you're saying that because the U.S. Central Bank is dominant we should abolish it? I guess if you're approaching this from the Chicom or Russian viewpoint that makes...

Perhaps reread what I wrote? I was responding to @Tradex who said we shouldn't have a Fed because the founding fathers were against it. I pointed out that 1776 United States was a small agrarian slave based economy while the 1913 United States was very different large industrial based one, so...

First off, the industrial revolution in the U.S. was 100 years before the Fed was established. Second, who said anything about outlawing recessions? I believe in the exact opposite, a Fed makes inevitable recessions less frequent and shorter, as history has proven. And most importantly, which...

As I've demonstrated on several posts here, the frequency and duration of recessions in the U.S. was significantly higher in the century before the establishment of the Fed than in the century after. Vastly oversimplified, but basically your reason why, laissez faire leads to unnecessarily...

Couldn't agree more on the second part. To expand on the first part, from leaving college to somewhere between mid 40s and mid 60s depending on the person, financial security generally means having enough money to pay the bills, live comfortably, and have enough saved that you're not living...

The guy is a great entrepreneur and VC, maybe he's a good author as well I haven't read that book. How does that excuse blatant cheating on ones taxes though?

Even if he would have valued the shares at the valuation of the last private round he would have had to list them orders of magnitude higher (and thus only been able to put a fraction of the number of shares under Roth protection). There is definitely some ambiguity in private company valuation...

Actually pretty much all the research on happiness has shown that once you reach something in the $75-$100k income range (obviously adjusted for cost of living where you live), those who spend their money on experiences are happier than those who spend their money on things. Obviously each...

Of course someone could invent a new product, say hard apple cider, that causes the demand for apples to skyrocket. At that point the apple hoarder could come dump his apples and the price might not drop at all or might still actually increase. At that point, the apple dumper has actually...

Right, although it wasn't that they were illegally acquired it's that he illegally undervalued them. Him being a cofounder just explains how he had enough power in the cap structure to put an unreasonably low number on them, it doesn't make it allowable. And obviously someone in the organization...

It is pointless, and the Fed has engaged in such pointless exercises before for what presumably was the purely psychological effects of making people think there was easing going on. But this time I don't think the Fed is still engaged in QE at the moment?

I think life if very complex and you can't just "break them up" without defining who "them" are and exactly what "them" are doing in a way that doesn't unintentionally snare a bunch of businesses and eliminate a bunch of beneficial concepts like risk capital. If you or anyone for that matter...

Or he just blatantly broke the law by transferring shares worth hundreds of millions into his Roth while declaring them worth a few thousand. That's not smart, that's illegal in the same way as lying on your taxes about anything else that causes you to have a lower tax bill.

My apologies, my discussion with @Specterx was about their assertion that exchanges be regulated as a utility. You're asking a different question now, which is if we should change from our legal standard of the past 100 years of specific monopolist behavior being illegal to either making a...

He cofounded the company.

I don't think I'd call that skirting, it just flat out violates the law. What an asshole, if there was ever an example of why it would pay for itself many times over to hire more IRS investigators this is is it.