The Federal Reserve System - Purposes & Functions
- Thread starter 2cents
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Quote from 2cents:
seems you've barely looked at the 1st link and your already flapping away in pain... told ya, thats not for you....
if u can't finish it, try reading link 2 (v.short), and 3 (v.short too), then if your brain hasn't melted, tell us what u think of chain-weighted PCE
Old man,
I do not have the time to even bother, your statement of "inflation in US is tame" is all I need.
Who does not have it is YOU. As I have stated, it is way way WAY too much for a step for you to go out there and observe pricing from a standpoint of a human, rather than an institution.
Chain-weighted Personal Consumption Expenditures is another "sophisticated" method (although it is not that complex). The biggest problem with it is that there is a result that is preferred prior to the actual calculation. Hey, it eliminates the CPI "upward" bias, lol, by predicting spending and forecasting it.
Do you really think the PCE basket is really fixed? Just like CPI, the "volatile" vital goods are excluded for the core number, funny how those tend to be avoided even after the substitution adjustments. PCE HAS to be changed because of the consumption items that were chosen in 1992 which are bound to change, hence giving an excuse to BEA to adjust, substitute and readjust the items.
At the end, neither one reflects REAL LIFE. But it does not matter, people like you and most of the population do not really understand what inflation is. When the price of bread goes up 10% because all of the sudden people feel like they should eat 10% more bread, that is not inflation. These types of situations are rare anyway, supply and demand tend to work that way. But hey, you do not need me to tell you that, it has been discussed by various experts for over a decade, so I think it's clear that PCE along with its uncle, CPI, are not really that readily accepted by those with a brain that thinks for itself.
Pops, you seriously seem to lack common sense. Every single government report has extreme bias and overly complex and ever changing methodologies. That includes CPI, PCE, GDP, Unemployment and even the fiscal budget. It's politics, baby, so don't try too hard, it's not for you to understand, just to sit there, listen and believe what the magical screen tells you.
This is getting boring, this is not an argument anymore, can't argue with a brick wall. It's pointless to give you any sources, you instantly discredit and refuse to read even a page of anything that does not agree with you. I'm not the first one to state that, it was obvious relatively soon.
I'll let someone else do it and observe, should be entertaining.
Who wants a turn at banging your head against a brick wall?
exactly, thats why i wasn't even attempting to argue with u since this http://www.elitetrader.com/vb/showthread.php?s=&postid=1176709&highlight=hydroboy#post1176709
we have yet to see a single valid source for yr rants... so far the only pages i have declined to waste time reading is a lengthy preface to yet another toilet paper book by a usual offender, shit-brained author murray rothbard...
v.weak of you to call upon other retards to come to yr help methinks
http://www.elitetrader.com/vb/showthread.php?s=&threadid=103544&highlight=guns
a must read... you'll never trust a bank again, if you ever did...
and perhaps a few on this thread will understand why a Central Bank's your only chance... and why the big prop guys hate Central Banks cause they stand in their way so they can't eat you all pikers alive fast enough
get it or die ;-)
a must read... you'll never trust a bank again, if you ever did...
and perhaps a few on this thread will understand why a Central Bank's your only chance... and why the big prop guys hate Central Banks cause they stand in their way so they can't eat you all pikers alive fast enough
get it or die ;-)
we've come a long way on this issue in the last 15 months.
i'm slightly astounded by the explosion in public discourse on the fed. i'm seeing aggressive new blogs, new books, voluminous discussions all over the net, also offline among normally econ-shy folk.
mainstream debate/scrutiny of our fiat policies and central banking have increased substantially in the last year, and lots of regular people are studying how we create money. ...this tide is present in the media as well
i'm slightly astounded by the explosion in public discourse on the fed. i'm seeing aggressive new blogs, new books, voluminous discussions all over the net, also offline among normally econ-shy folk.
mainstream debate/scrutiny of our fiat policies and central banking have increased substantially in the last year, and lots of regular people are studying how we create money. ...this tide is present in the media as well
If the Fed is a private corporation, how do I get shares in the company? What is the ticker symbol?
Are there shareholder meetings?
Who are the shareholders?
Are there shareholder meetings?
Who are the shareholders?
Never mind - Private Corp
Too much eggnog...
So a Private Corp tells the US gov't what to do....
Too much eggnog...
So a Private Corp tells the US gov't what to do....
why don`t you kill people?Quote from 2cents:
where's the disdain pal? u want free AND lawless? absolutely fine by me... i'll just kill u if u screw me, or if its beneficial to me, or even if it amuses me... i suppose u're cool with that, right... we said 'no rules' didn't we?
but perhaps i am misunderstanding your vision of what 'free markets' means... feel free to explain
