[Errant]

"Central banks always result in feeding those forces that centralize and expand the nation-state. The Fed’s policies in the 1920s, so well documented by Rothbard, would provoke the Great Depression, which, in the end, wrenched political power from cities and state governments to the swampland in Washington. Today people take seriously the claim that there can be a viable federal solution to every problem thanks to the money printed up by the Fed, while each decade has seen a larger proportion of the population become dependent on its inflation."

[Errant]

fyi,

[hosepipe]

https://www.youtube.com/watch?v=mII9NZ8MMVM

[hans56]

The few who understand the system will either be so interested in its profits or be so dependent upon its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Brothers of London writing to associates in New York, June 25, 1863.

Says all I need to know

[Revel]

The Fed’s charter says that they will maintain stable prices. Stable means 0% inflation. How is that going.

[hans56]

The real question is who owns it?

A secret more protected than Obama’s birth certificate

[djf]

I remember reading a bit about how Adam Smith saw this.

With a fixed amount of money out there, you end up seeing more goods chasing the same amount of money.

Price deflation is the natural result.

It also encourages saving, because saving money makes sense if your money will buy more tomorrow than today.

Bankers don’t like this one bit.

They want increasing money supply and increasing prices.
This encourages borrowing and an increasing supply of interest payments (to them!).

[RockyTx]

what are the alternatives to a central bank?

please note that all ‘gold-backed-currencies’
have either failed or have been withdrawn.

[TomasUSMC]

We need another Andrew Jackson to wipe out the FED.

[Daffynition]

History vouches that back in 1840 on a remote hillside of southern Vermont [Stratton], more than 15,000 Whigs -- Republican forerunners -- gathered to hear Daniel Webster campaign for "Tippecanoe and Tyler Too." This was the Whig ticket of William Henry Harrison, nicknamed Tippecanoe for his victory over the Indians at Tippecanoe, Ind., and John Tyler.

The rousing presence of Webster brought those thousands to Stratton Mountain by stagecoach, horseback, even on foot. At a time when rural rallies were the rule, it was also, a weekly newspaper commented, the outcropping of "political excitement which pervaded the Union." To see and hear their candidates, the people had to go there, they had to be there. _________________________________________________

Considering the remoteness of this site, it is quite remarkable that 15K journeyed under extremely difficult circumstances to hear D Webster speak.

[Pagey]

BTTT!

[GeronL]

debt and government banks are things we were warned to avoid

[x]

Don't forget the possible nutcase warning:

Christopher Westley is an adjunct scholar at the Ludwig von Mises Institute.

[Jane Long]

Bookmark.

[sauropod]

.