Dan Crawford | May 10, 2014 9:25 am
Imagine all the excess reserves were sent evenly to the public.
What excess reserves?
i suspect Dannyb2b is another one of those people who thinks the government has a pile of money it could just give to people and everything would then be just fine.
I shouldn’t bother writing this, but it strikes me that the people… left and right… are living in a fantasy.
the money supply needs to expand for the fed to reach its goals
The answer is always in the middle. If the Laffer curve tells us anything that is it. Of course, the question still remains where is the middle?
If my view is currently at the extreme, I need to advocate for a view further from the center, so that my real view can be seen as near the center. Unstable. Seemingly hopeless. We got the checks and balances that we do have because our forefathers actually had a common enemy that brought them together.
How do we get a system where legislators are rewarded for making meaningful compromises. Where they have a reason to try to figure out where the center really is?
I think dannyb2b is saying everyone in the US should be able to go to the Fed window and draw out $$ some of which could be kept in reserves.
Instead of the 20 or so big banks having sole access to the printing presses.
i have to admit i don’t understand what you are saying.
Here is brief explanation of what I mean: cmamonetary.org
A brief explanation at cmamonetary.org