Nobody is saying that.
Exactly, and y'all should know more than to post stuff biased to push what we'd normally expect form an IdjutMrxst.
Like the idea that the loony leftist war on banks is ok because we need "justice" (aka "righteous wrathful vengeance") upon those greedy exploiting banks that caused the '08 suffering of the masses that totally missed the bankers. Sure, we all know that the '08 mess was caused in no small part by this same loony leftist push forcing the evil banks to loan to minorities that could never pay back. Add to that how the GM union pork was a huge taxpayer loss while the TARP wasn't.
...Federal Reserve ...sets the price of money...
We have to know it's rediculous to imagine that the FR somehow forces all of us w/ banks (both domestic or foreign) to loan and borrow against our will.
Name one free market, besides the black market, in the context of a currency with a centrally planned interest rate.
Ah, you got me there. Sure I know that I get to pick and choose who I do business with and what transactions I participate in, but if you're not willing or able to imagine my doing so I'm realizing now that this convo is really never going to get anywhere.
Been fun tho...
> Exactly, and y’all should know more than to post stuff biased to push what we’d normally expect form an IdjutMrxst.
This is you imposing your emotional biases on a conversation. The matter concerns the Rule of Law and free markets.
> We have to know it’s rediculous to imagine that the FR somehow forces all of us w/ banks (both domestic or foreign) to loan and borrow against our will.
These matters affect you profoundly whether you choose to interact with them or not. They affect the price of everything and distort and destroy the free market.
> Ah, you got me there. Sure I know that I get to pick and choose who I do business with and what transactions I participate in, but if you’re not willing or able to imagine my doing so I’m realizing now that this convo is really never going to get anywhere.
I can name two markets you have no choice to participate in, auto insurance and health insurance. Depending on your circumstances, a whole host of other unwanted business relationships may be forced upon you by the government.
As long as you transact business in US dollars, the nature and abuse of the currency is not only your business, but has an enormous effect on every economic aspect of your life.