FDR on the list and also not a fan, due to his major expansions of government basically everywhere plus his attempt to pack the court.

@RobertGrulerEsq Wasn't there a dire need of new money flowing in at the time?

Also what do you thinka bout James Polk

@Auto Are you talking about the GD?

Except tycoons had Wilson's head over a barrel to implement the Federal Reserve. Greatest crime against Americans in our history and he had no choice. But for that, the rest would have been moot.

Gypsy wdym?

You are talking about new money, I interpreted this as monetary policy in response to the Depression?

nah but like

why would they implement a new tax

if there was no need for money

people would surely be against that

The need for money is inexhaustible.

So it’s not a good way to evaluate whether taxation is good or not lol

The need for money is inexhaustible because it's not a zero sum game, by design. Itnhas been that way since 1913.

we were still on the gold standard in the 30s

Economics is not a zero sum game regardless of any central bank.

Which is good

thinking i would be saying JFK if had gotten a chance to finish. You know the thing...

Because in zero sum games someone must lose for someone to win.

Losing the gold standard was a foregone conclusion when we created an inflationary economy.

@Zuluzeit yes I'd like to know what went down in the backrooms between Wilson and the power brokers.. @Auto such a big question!

I want a new James Polk

shamelessly conquer the world

plz

Lol

also do it in one term and then die right after

The gold standard was a physical, intrinsic reference for value.

Im saying this unironically

just tell Trump they took our Gold @Auto

@Zuluzeit I mean, I am open to criticism of the Fed but inflation has upsides and downsides. For example, inflation encourages people not to sit on their money. It also helps adjust prices because elasticity of prices varies. So instead of everyone getting pay decreases you get less pay increases. So if you are in favor or against it will come down to what you believe the very day citizen prioritizes. Because you and I can still purchase Gold to hedge against inflation. Also, the inflation numbers coming from the Fed are often suspect. Imo

The Fed is a racket.

@Zuluzeit anything can be a racket if it’s monopolized by the government and abused.

They jerk the leash whenever they need.

The Fed isn't monopolized by the government. It's privately owned. Even Trump couldn't do anything...and he tried, publicly.

@Zuluzeit I think you see nefariousness where it’s really incompetence. They have no financial incentive for bias. Their money is in a blind trust, where all public servants should have their money 😂

@Zuluzeit 👌 man 😂

I don't believe they get things wrong by accident. It's all orchestrated.

@Zuluzeit you’re misinterpreting what semi-private means in this context. Imo. It is financiers who take advantage of the incompetence of the Fed. Not an orchestrated attack on your pocket. And politician who help by expanding the mandate of the Fed to include unemployment and market performance.

Isnt the Fed Buying up stocks now or did i woosh something here?

Unemployment shouldn’t even be a government mandate let alone the feds.

They are, because they now have 3 mandates. And market performance is one of those mandates. Which is ridiculous to say the least.