[Leisler]

The market is highly resistant to deflation, specifically in the labor market.

It is now, it wasn't always.

Yes, I would like to see state banks. The Constitution doesn't forbid it. It does forbid a Federal Bank, hence the Freddie/Frannie quality Federal Reserve, LLC. Since you are so knowing, what state still has it's own state bank. ( and is doing pretty good )

[Toddsterpatriot]

Yes, I would like to see state banks. The Constitution doesn't forbid it. It does forbid a Federal Bank

Is that why a Federal Bank was created when Washington was President? He didn't understand the Constitution?

what state still has it's own state bank

You're not an Ellen Brown fan, are you?

[Domalais]

It is now, it wasn't always.

What's your solution? Go back in time and enact your suggested economic policies in the past, when they made sense?


It does forbid a Federal Bank, hence the Freddie/Frannie quality Federal Reserve, LLC.

Central banks which are independant from government are far more effective than those which are strongly tied to their government. That is the reason the Fed is organized in the current way.


Since you are so knowing, what state still has it's own state bank.

No state has a bank which operates as a central bank.