^^^^

@chad No it's not

Mail service is terrible

Royal Mail used to be shit

FEDEX and UPS are far better

I hear the same about USPS

Well you do pay for mail

it's called taxes

and you'd probably get it much more efficiently

If anything, you'd save more money since whenever you don't need to post you won't pay. Unlike now when you get taxxed.

Democratic socialism isn't even real, you can't seize the means of production democratically. Norway is more capitalist than USA infact.

I'd like to point out the FED is unconstitutional and should be abolished

so is the FIAT money

@Leo (BillNyeLand) I’ve went over every recession in the 1800s

All of them were caused by credit expansion

With the exception of one which was linked with greenbacks and credit expansion

@Shadowstitcher11 That’s a strawman

Nobody says that

Hello

@Neco2040 So why did the crash happen?

Why did repealing that specific regulation lead to it?

Because it separated commercial and investment banking, which then allowed banks to make dangerous bets with our money

However glass steagal did not cover that

nor was it related

check the actual 4 components

Which actually had nothing to do with the crash

Since what caused the crash was subprime loans

They prevented FDIC banks from dealing in investment securities?

Which was a thing they were allowed to do for ages

And the fact is that only half of it was repealed

The only thing that was repealed from the Glass Steagal act in 1999, was that banks could now be affiliated with firms who engage in underwriting and deal in securities

@Neco2040 However, there was a regulation that infact CAUSED the crash. The community reinvestment act. This act forced banks into making loans that otherwise they wouldn't do on their own. It forced them into making loans to people who couldn't pay them back

Infact if it wasn't repealed in 1999 , the 2008 crash would have unfolded EXACTLY the way it did in 2008.

?

I do somewhat agree, I think we should have regulations that limit the amount of credit people can borrow

But the repeal of glass steagall is what made this such a big recession

@Neco2040 Glass Steagal wasn't repealed