Everyone wants power

true

Trump wants it the most

That’s probably why he became president?

He’ll happily destroy the country as long as he wins re election

Fed workers shouldn’t be paid

but chad

Jk I rather have them go without pay than more peoppe@die and get raped by illegals

Most government employees are leeches

50% of the government employees bring in little to no benefit for the country

What lol

So you think half of the people working in gov do nothing all day xD

no

That’s not what I said

I’m saying that what they do is not a core purpose of government

the federal reserve should be abolished

No

I like the name don’t get rid of it

I need to read up on the purpose of the fed

It shouldn’t exist

It’s the central bank of USA

It has never stopped a recession

Yea I know that

It’s caused almost every recession

But I mean like

The more specific shit

It was intended to stop recessions and “soften them”

But central planning does not work

I gtg

And we can see that

Following a run-up in credit expansion that occurred in the early 1870s, a visible widening in both relative prices and production compared to the late 1860s emerged that fostered multiple malinvestments in the higher orders. The expansion was largely caused by the Civil War monetary legislation that created the National Banking System. Both state and national banks were able to pyramid credit on the same set of lawful money reserves through the use of interest paying interbank deposits. The money supply continued to expand during the bust years, which showed symptoms of an Austrian contraction with the decline in output and prices concentrated in industries that overexpanded during the boom. Largely the result of bank runs, the money supply contracted for the remainder of the supposed depression years. This decline was shown to have actually hastened the recovery and during this period there was a noticeable rebound in growth. @Leo (BillNyeLand)

The recession of 1873

The FED didn’t exist but this type of stuff did

Now the panic of 1908: The Panic of 1907 was the result of an inflation stimulated by Secretary of the Treasury Leslie Shaw in the previous two years.

Accompanied by banking regulation , which seems VERY similar to a recent recession

And it was 100 years before the similar recession which is weirder

In England for example in 1847, the panic was caused by the Bank of England causing excessive monetary inflation due to the supply increase

Which is what causes recessions

Ah sorry, I confused it with 1893

grant

gang