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Do you think this depression will be worse??

And I think it could be worse than the 1929 depression http://www.elitetrader.com/vb/showthread.php?threadid=154399

CPI is not inflation. Inflation is just increase in the money supply. Because there are many types of money, we do not have a high rate in CPI. However, what about asset inflation??? Asset inflation is the key to "Bubble Economics". It creates artificial equity while the ratio Asset/income...

GET SOME REAL INFLATION NUMBERS HERE: http://mwhodges.home.att.net/inflation.htm

They used to be shorter in both the short run and long run. Since the fed they are shorter in the short run and longer in the long run.

Exactly. That's why i think it will be worse.

Maybe so............but printing real money (M1) wont come in time until the economy is completely crashed, it will help for a moment until we face hyperinflation. Either way I am very pessimistic about the outcomes.

Milton Friedman demonstrated the main factor that contributed to the Great Depression was the destruction of money in circulation by the Fed. In other words the fed decreased the money supply by 1/3, this means nominal demand decreased by 1/3 while (approximately) real demand decreased by 1/4...

Printing money got us into this mess. Wait not the money you and I use. M3 money, banker's money. The economy does need money, but we can't absorb any more debt money. We need free money and a market correction. NONE of these the Fed will allow to happen. Enjoy the movie: "Great...

What then do you have about Brazil??

http://www.msnbc.msn.com/id/29260434 WASHINGTON - The Federal Reserve on Wednesday sharply downgraded its projections for the country’s economic performance this year, predicting the economy will actually shrink and unemployment will rise higher. Under the new projections, the...

start with the fed

Thank you. I did not know Australia was committed to such fiscal discipline. Is it the same with their monetary policy?? Do you know how monetary policy and banking in general work in Australia?? Do they also have debt money creation, high m3...........stuff like that??

I would say from your information that Panama at least got monetary policy right. To keep their dollarization they must keep exports higher than imports at all times. Fiscal Policy seems to be a universal evil..........that's why we need small governments.

Do you know of any countries that practice any of the following?? - No debt creation money like the Fed and ECB - Low debt/GDP ratio - Low inflation (low growth in money supply) - High reserve ratio for Fractional reserve lending I appreciate your collaboration.

Firing squad for all

May I add a little bit of history to those 300 years??? 1913- The Fed 1914-18 WWI 1929-1939 Great Fed Depression 1941-1945 WWII 1946-1990 A convenient cold war 1990-2007 The bubble age. Hope that helps in your 300 year history.

The problem is that the constitution does not say "not delegable power". So............congress can delegate power. Some countries have added the not delegable power closure.

I am familiar with this theory from Austrians. This is the best theory explaining bubbles, burst, money supply and banking. BTW Austrians are too liberal............extremists!!!!!!!!

Absolutely right. I wonder if you also agree with having no central banks and no FRL.