WorldTraveller Posted July 25, 2012 Posted July 25, 2012 I've got mixed feelings on this issue. On one hand I believe that the actions of the Fed in many cases have been corrosive, on the other, the politicization of the Fed and allowing slimy politicians to get their grubby hands all over documents that shouldn't be politicized most likely would end up a complete utter disaster.
IDBillzFan Posted July 25, 2012 Posted July 25, 2012 Interesting. I'm sure the Senate will pass this right away. Right after they pass a budget.
Nanker Posted July 25, 2012 Posted July 25, 2012 Interesting. I'm sure the Senate will pass this right away. Right after they pass a budget. You're far more optimistic than am I, LA. Yes, they won't pass it until after they vote on that pesky budget thingy, but it'll probably have to wait till after they pass another stimulus bill. I'm just sayin'.
GG Posted July 26, 2012 Posted July 26, 2012 (edited) I've got mixed feelings on this issue. On one hand I believe that the actions of the Fed in many cases have been corrosive, on the other, the politicization of the Fed and allowing slimy politicians to get their grubby hands all over documents that shouldn't be politicized most likely would end up a complete utter disaster. Ah yup. Edited July 26, 2012 by GG
TakeYouToTasker Posted July 26, 2012 Author Posted July 26, 2012 I'm in favor, as monetary policy is specifically enumerated as one of the direct responibilities of the congress; and audit is most certainly the first step towards abolishment.
meazza Posted July 26, 2012 Posted July 26, 2012 Ah yup. Ah yup. So Ron /dev/null gets his wish. This surely will make responding to emergency financial conditions much easier and smoother
GG Posted July 26, 2012 Posted July 26, 2012 So Ron /dev/null gets his wish. This surely will make responding to emergency financial conditions much easier and smoother Forget that. Imagine a world where the Fed is the permanent piggy bank for Fan/Fred or whatever program is in vogue.
Fastback Posted July 26, 2012 Posted July 26, 2012 "We had to burn the village to save it" actually applies here. Our system of fiat is doomed to fail. The only question is what rises from the ashes- if anything?
Koko78 Posted July 26, 2012 Posted July 26, 2012 Interesting. I'm sure the Senate will pass this right away. Right after they pass a budget. ...in 2158.
dayman Posted July 26, 2012 Posted July 26, 2012 I've got mixed feelings on this issue. On one hand I believe that the actions of the Fed in many cases have been corrosive, on the other, the politicization of the Fed and allowing slimy politicians to get their grubby hands all over documents that shouldn't be politicized most likely would end up a complete utter disaster. Probably with you on the latter. Transparency is good. But IDK if we can handle the truth...not in this political climate. It's sort of weird to basically say that out loud..."we shouldn't know"...but let's face it the entire world is a house of cards and w/ out the illusion God knows where we would be. Needless to say I might pay attention when late night commercials tell me to buy gold if this ever became reality.
meazza Posted July 26, 2012 Posted July 26, 2012 Probably with you on the latter. Transparency is good. But IDK if we can handle the truth...not in this political climate. It's sort of weird to basically say that out loud..."we shouldn't know"...but let's face it the entire world is a house of cards and w/ out the illusion God knows where we would be. Needless to say I might pay attention when late night commercials tell me to buy gold if this ever became reality. Forget gold, buy food, guns, ammo and unlimited WoW account.
GG Posted July 26, 2012 Posted July 26, 2012 Forget gold, buy food, guns, ammo and unlimited WoW account. Don't forget to build the bunker & cans of Dinty Moore.
DC Tom Posted July 26, 2012 Posted July 26, 2012 "We had to burn the village to save it" actually applies here. Our system of fiat is doomed to fail. The only question is what rises from the ashes- if anything? Another system of fiat. The problem isn't fiat currency. The problem is the abuse of that system.
Park Posted July 26, 2012 Posted July 26, 2012 And Senate Democrats pass a bill extending middle class tax cuts
dayman Posted July 26, 2012 Posted July 26, 2012 (edited) And Senate Democrats pass a bill extending middle class tax cuts As anyone will tell you it won't pass in the house. And as anyone looking for every creative way (and I mean that with admiration in all honesty) to destroy the ACA will tell you tax stuff must originate in the house anyway. So it really was posturing. Constant repeals of the ACA in the house is BS. So was this Senate move today. Edited July 26, 2012 by TheNewBills
Captain Hindsight Posted July 26, 2012 Posted July 26, 2012 As anyone will tell you it won't pass in the house. And as anyone looking for every creative way (and I mean that with admiration in all honesty) to destroy the ACA will tell you tax stuff must originate in the house anyway. So it really was posturing. Constant repeals of the ACA in the house is BS. So was this Senate move today. So politicians like to !@#$ with us? Sweet job
Jauronimo Posted July 26, 2012 Posted July 26, 2012 And who better to audit the Fed or control fiscal and monetary policy than those who no nothing about how our economy works?
DC Tom Posted July 26, 2012 Posted July 26, 2012 And who better to audit the Fed or control fiscal and monetary policy than those who no nothing about how our economy works? The Fed's auditing themselves? I don't think that's allowed...
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