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Is Paul correct about the Federal Reserve?


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2012 Sep 14, 4:08am   28,057 views  41 comments

by Shaman   ➕follow (4)   💰tip   ignore  

http://www.wnd.com/2012/09/ron-paul-federal-reserve-detached-from-reality/

So according to Ron Paul, the Fed is directly responsible for the Great Depression and the Great Recession! Is there a reason why this institution should continue? Is it even legal? The Constitution would indicate otherwise. I especially liked Wilson's quote at the end of the article. Makes you think . . .

A member of Congress who has been pushing for more transparency, including an audit, of the Federal Reserve for years says the announcement today the quasi-governmental agency is going to print more money to try to help the U.S. economy isn’t surprising. Nor is it smart, said U.S. Rep. Ron Paul.

#investing

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41   uomo_senza_nome   2012 Sep 17, 9:46pm  

tatupu70 says

in your equation, income is probably dependent on demand so it becomes a bit complicated.

I think you may be right, but demand cannot instantaneously convert to income. There will be time lag involved.

In the Minsky/Schumpeter model, income is paid by selling goods and/or services at any given point in time.

http://www.youtube.com/embed/3g_eFf-n04o

tatupu70 says

In my opinion, the cause is wealth/income disparity.

I agree it's one of the causes. Ponzi finance is another primary cause, deluding people to think more debt leads to more wealth.

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