Powell’d! S&P 500 Index Drops -2.35% On Failure Of Fed Pivot (“Very Premature To Be Thinking About Pausing)

Confounded Interest ^ | 11/02/2022 | Anthony B. Sanders

[unclebankster]

Thanks,

I’ll check it out when I have more time.

[Starboard]

“With or without a central bank you’ll have the same policies.”

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Without the Fed who would then be the buyer/lender of last resort?

Who else can print unlimited money and bail out companies?

While I appreciate your point that unwise and imprudent government policies will be with us always, the Fed has enormous power that often enables, if not encourages, excessive risk that exacerbates the usual levels of government profligacy.

On the matter of wars, I strongly disagree with you. Wars do not just happen because people love warfare. If you truly read the history books you’ll discover that this a superficial and profound over simplification. Its not the love of conflict that accounts for wars. Wars are brought about by various political, economic, territorial, cultural, ideological, religious, expansionist, etc. issues. Show me the historical research that empirically states that wars happen because people love the carnage, destruction and deprivation.

[unclebankster]

“Show me the historical research that empirically states that wars happen because people love the carnage, destruction and deprivation.”

You won’t find it because I’m stating my belief & opinion on world history.

You disagree with my viewpoint, which isn’t unique, most people do.

[Starboard]

You disagree with my viewpoint, which isn’t unique, most people do.

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I actually like contrary points of view, when they’re supported with facts, logic and evidence. Even if I disagree, it broadens my understanding of the issue.