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Open thread May 10, 2014

Dan Crawford | May 10, 2014 9:25 am

Comments (9) | Digg Facebook Twitter |
9 Comments
  • dannyb2b says:
    May 10, 2014 at 10:27 am

    Imagine all the excess reserves were sent evenly to the public.

  • Jerry Critter says:
    May 10, 2014 at 11:18 am

    What excess reserves?

  • coberly says:
    May 10, 2014 at 1:07 pm

    Critter

    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.

  • dannyb2b says:
    May 10, 2014 at 1:10 pm

    coberly

    the money supply needs to expand for the fed to reach its goals

  • Arne says:
    May 10, 2014 at 1:20 pm

    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?

  • ilsm says:
    May 10, 2014 at 2:16 pm

    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.

  • coberly says:
    May 10, 2014 at 11:25 pm

    Danny2B

    i have to admit i don’t understand what you are saying.

  • dannyb2b says:
    May 11, 2014 at 12:05 am

    Ilsm

    Here is brief explanation of what I mean: cmamonetary.org

  • dannyb2b says:
    May 11, 2014 at 12:08 am

    Coberly

    A brief explanation at cmamonetary.org

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