Message from @PunishedMuskovy
Discord ID: 521797355406622730
I had one of my teachers defend the fact that the Federal Reserve was a private institution, he said that sent it to private and wants to make money, its in its own self-interest to not cause hyperinflation. Of course I'm not sure if that's always in the best interest of the public, but you know, "the institutions are just great! how could they possibly be flawed!"
@Deleted User eyyyy
Institutionalists are autistic.
statists are autistic tbh
ancap now
Welcome @Deleted User
be sure to check out <#507040801860091914>
Thanks
I don't know the answer myself
@εïз irma εïз lol, Cicero the autist
My professor told everyone why the Fed and fractional reserve banking are bad
@Deleted User and?
I just saw your earlier post saying how yours defending the Fed and offered an anecdote of my own
I don't have a solid opinion on the Fed, though
Nor do I to be honest
I will go out on a limb and say that getting off the gold standard does have its advantages
For instance,
You have a little more control over the money supply, so instead of having to dig more gold out of the ground you're able to Simply print more money to match the economy. So unless you just decide not to print money or somebody starts burning dollar bills, deflation is pretty hard to achieve
@PunishedMuskovy sorta
then again, couldnt you start to convert the gold into usable things to combat inflation
if im correct gold is used in motherboards
If you ask me, prioritizing one over the other is kind of dumb
lets say both inflation and unemployment are damn high
which would you go to fix first
or what would you focus more on
Though, from the perspective the government unemployment would be more important, since people who have work or less likely to Riot. Well unless your France
Then you're always rioting
id go unemployment, id rather have people being employed and earning money than making the dollar more valuable while at the same time having a large amount of people not earning said dollar
and likely being on some social program or doing crimes
Inflation seems kind of silly to me, since since the gov has some level of control over it
Like it isn't some sort of problem, it's quite intentional
meaning it should be easy to manage, thus making unemployment a larger problem
Ya
Yeah word of advice, don't expect to invest in the dollar and have and still have retirement savings
not everyone is a gov't employee, this shit is retarded
the entire juxtoposition between employment and inflation is brainlet tier
the virgin crypto
the meh stocks