General debunk of most popular conspiracy theories regarding the Fed. Also follow the links to detailed debunks, including cites to source papers that you can go track down for yourself.
I will return later with my notes on why we need the Federal Reserve (hint: fractional reserve lending), and why the Federal Reserve is set up the way it's set up. Hint: Weimar Germany (albeit that hadn't happened yet, it's a perfect example of the sort of thing the Fed's governance was purposely set up to avoid).
-- Badtux the Economics Penguin
Yeah, but you gotta admit the other stories are waaaay more "Desperate Housewives" interesting.
ReplyDeleteS
Oh Great And Mighty Penguin Creature . Please forgive my off topic question , but in your infinite Penguin Wisdom perhaps you have the answer I seek ? In a discussion today I could not come up with one thing that the deep South of the USA ,IS good for . And , I do understand you came from LA but to your credit you did leave . I mean really , other than the rethugs and the kkk and a lot of carbo rich foods and "southern traditions" (like rascism) just what have they given the rest of the country ? I mean banking>New York , manufacturing>(was)Detroit
ReplyDeletecomputer teck>Ca. , forest products>Ore/Wash , Universities>anywhere else . Just what is the "south" good for ? And , don't give me Nascar as an answer it's their Nationanl sport .
My point is "they" bitch and complain about government , public welfare , science , personal rights and higher education , but they offer no solutions and stupidly cling to harmfull/outdated ideas and ways . They have nothing of value as far as I see except the bitch they ride . Am I wrong here ? I understand we fought and died to keep these people as part of our Nation and all they do is stab the rest of us in the back . What can "they" bring to the table ?
A wondering w3ski
Cajun food.
ReplyDeleteThat's it. That's all I can think of. Oh yeah. And barbecue. Can't forget barbecue. And Townes van Zandt. Can't forget Townes van Zandt. I'm sure I can think of one or two other things, but I just made myself hungry mentioning the above, so I have to go fix meself a bowl of barbecue beans to eat with my lasagna while I listen to Townes van Zandt on the stereo...
-- Badtux the Southern Penguin
Badtux,
ReplyDeleteWhaaa. . . I s'pose next you're going to tell me the Protocols of the Elders of Zion lacks merit?
(Which reminds me of a great line from Raising Arizona when the husband asks the reporter not to run the story that aliens are responsible for his child's abduction: "lf his mama reads that, she's just gonna lose all hope.")
To w3ski: the South needs be here to provide perspective. Y'all can feel very good about your arugula-eatin', tidy lives when you realize just how pathetic things are here. After you Yanks crushed us in the Civil War, thanky very much.