Where did I say they were the same thing, what are you even talking about you've moved into random incoherent flailing now
The Great Depression started over 3 years before inauguration day 1933 lol
The federal reserve is a relatively new institution, around the time the country starting taking a dark turn. I'd say a hard currency is better than what we have, but what we could have is even greater. All for the greed of some bankers, and fake patriotism. I want this country to be great again, and that doesn't happen without change.
I don’t see how banks failed the nation without a clear monetary policy. The boom period was funded on speculation kind of like how it is now. I blame the federal government for a laissez-faire approach to markets while imposing high tariffs.
Just store it under your bed or in a big chest hidden somewhere with a map encoded in a riddle only you know. Isn't that fucking bitcoin wallets in a nutshell? Pirates had this shit figured out centuries ago.
We have change and his name is Donald J Trump. Fuck your Ron Paul winging. The United States is the most powerful nation on the planet. All shall tremble and kneel before the God Emperor!
When I say "bank" I mean a "private bank". What China, Russia, and Nazi Germany had was a "public banking" system. You have a bank account, but it is with a government bank.
Yes dumbass. What you said was FDR "caused" the Great Depression with price floors and lower money supply
Never mind, of course, that the money supply increased every year of his presidency except 1938 (when it decreased by a very small amount). If you're going to correctly say FDR made the Depression last longer at least know why instead of making up retarded shit
Ron Paul is for a Hard Currency. I am not. Trump's doing good, things are getting better. Modern money theory is a policy that will spring this country into the stratosphere.
Ron Paul would correctly call you a retarded niggerfaggot for being an MMT stan
The great depression was great because it lasted so long. if it didn't have the price floors it would've been another bust like the depression of 1921. This boom and bust cycle is caused by fractional-reserve banking.
I'm for hard currency as in my previous posts a currency should be backed by women who make me hard. Now that I think of it the biggest fault of the slave trade was that it was mainly male. If we traded slaves based on how nice their tits and asses were it wouldn't disrupt the labor market and might solve the population crisis.
Why do you prefer digital currency if I may ask?
There has already been another poster in this thread to explain why Hard currencies have problems, notably liquidity crises. hard currencies also benefits saving. It's better to encourage investment, than saving.
Why did price floors, which were not imposed until 1933, cause the Great Depression to continue from late 1929 to 1933 (of course it continued past 1933 in part because of price floors and other NRA policies), instead of 18 months like the depression of 1921?
Probably but can you prove it's not a solid economic theory?
MMT is still for retarded niggerfaggots no matter how many vaguely related tangents you bring up. You're gonna have to troll better than this if you can, k?
Then you should have specified.
You mean those same Chinese banks that are the subject of mass public protest and outcry because the people can't get their money back?
