Should central banks be abolished?

[ottodickmann]

This is a very naive view of the world IMHO and, I don't think you know me that well to boot.

I'm quite sure most people are idiots... including you and me. But, I have no desire to control them or strip them of their natural God given right to be that way.

I suspect if you give it more thought you'll probably agree. We could always throw you in jail or send you to a work camp if you don't agree... unless you think you never had ill intentions or acted selfishly?

I agree. Unfotunately most are idiots. As we allow just a few to rule the world and to use us, as slaves...

 

[spy]

Hence we put certain powers into the hands of hopefully wise decision makers whom we democratically elected to make better decisions for the entirety of a society. Of course, garbage in, garbage out: if we only have dumb people then even the decision making at the top will be unwise. And we see this with all the current and recent administrations.

Well, you've nailed the problem with your circular logic right here in my opinion.

We democratically elect our leaders, ergo we rule ourselves (albeit in a representative manner). This means we don't actually want the things you're talking about. We don't care if someone who made poor choices dies at the door of the hospital, nor is there anything that can really be done about that.

Your bleeding heart rhetoric may sound good but it doesn't hold water.

If you want to have an impact on that problem, rather than trying to legislate temperance, just become a doctor. Simple.

 

[longandshort]

Treasury does not print money, it borrows and repays debt. Goodness. Please just stop. What you are saying is purely idiotic. You are living in a fantasy world. I attended Carnegie Mellon university, it does not mean that this school constitutes the American average. Are you seriously believing the bullshit you are sharing here?

Lol you love your straw man’s.

 

[spy]

Lol you love your straw man’s.

Don't forget the non-sequiturs.

 

[Frederick Foresight]

I never meant to imply people were perfect, only that they should be able to rule themselves. I suspect you're just cracking jokes and don't actually feel otherwise, yes?

No, I'm serious. For all its faults, we've have seen how "free" people have ruled themselves without a central bank (and a reasonable regulatory environment run by adults).

 

[spy]

No, I'm serious. For all its faults, we've have seen how "free" people have ruled themselves

I see. In that case, I expect you'll be the first in line to willingly admit yourself to a Gulag when we reinstate them? Have fun!

without a central bank (and a reasonable regulatory environment run by adults).

Banking is only a small part of self-governance... but those are, apparently, the ramblings of a child

 

[M.W.]

It's interesting how you elevate yourself above the majority. The majority voted in this government and this government, ergo most people, want a central bank and lender of last resort. The majority also favors comprehensive healthcare which is what this administration attempts to implement. In that context it does not matter at all what you or I want.

Well, you've nailed the problem with your circular logic right here in my opinion.

We democratically elect our leaders, ergo we rule ourselves (albeit in a representative manner). This means we don't actually want the things you're talking about. We don't care if someone who made poor choices dies at the door of the hospital, nor is there anything that can really be done about that.

Your bleeding heart rhetoric may sound good but it doesn't hold water.

If you want to have an impact on that problem, rather than trying to legislate temperance, just become a doctor. Simple.

 

[spy]

It's interesting how you elevate yourself above the majority. The majority voted in this government and this government, ergo most people, want a central bank and lender of last resort. The majority also favors comprehensive healthcare which is what this administration attempts to implement. In that context it does not matter at all what you or I want.

Lol, apparently it's your world and we're just living in it. You're putting words in my mouth in order to, yet again, build straw men. See this:

Lol you love your straw man’s.

Now, there's no point continuing this conversation because you're just making stuff up. I'm out, bye.

 

[countryBoy641]

All the FED is currently doing is monetizing the $32Trillion of direct GO Debt of the U.S.
The money was spent recently, or a long time ago.
Doesn't matter.
No country has ever repaid that level of debt.
If the FED doesn't monetize it, what will happen?
Maybe the NFL can sell some season tickets to the Russians and ChiComs.

 

[easymon1]

All the FED is currently doing is monetizing the $32Trillion of direct GO Debt of the U.S.
The money was spent recently, or a long time ago.
Doesn't matter.
No country has ever repaid that level of debt.
If the FED doesn't monetize it, what will happen?
Maybe the NFL can sell some season tickets to the Russians and ChiComs.

CB641, in the relationship between the Federal Reserve Corporation and the usa, what assets are pledged by usa that FedResCorp. accepts as security against a loan in case the borrower for any reason ... perish the thought, lol.
Assets = ?