Home › Forums › Financial Markets/Economics › The Real Great Depression (Panic of 1873)
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Aecetia.
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January 6, 2009 at 8:48 PM #325747January 6, 2009 at 9:33 PM #325257
peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
January 6, 2009 at 9:33 PM #325593peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
January 6, 2009 at 9:33 PM #325663peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
January 6, 2009 at 9:33 PM #325679peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
January 6, 2009 at 9:33 PM #325764peterb
ParticipantI think fractional reserve is mostly a good thing. But it’s like a friendly pit bull. It’s all great until it turns on you, then it’s a world of hurt. When any business is allowed to operate at a ratio of 30 to 1 for cash outlays, it needs to be very highly and closely regulated. Because if it goes off the tracks, it’s a huge train wreck. And here we are. 5 solid years of highly unregulated fractional reserve lending. Ka BOOM!!!!
January 6, 2009 at 9:43 PM #325261patb
Participant[quote=Aecetia]How Taxes Reduce Savings
by Daniel J. Mitchell, Ph.D.“The fact that Americans save very little today should come as no surprise. Federal taxes–which are at an all-time high–significantly lower the income that Americans could save and use for capital formation. Even worse, the tax burden on savings and investment is much heavier than the tax burden on consumption.”
http://www.heritage.org/Research/Taxes/BG1309.cfm
[/quote]nothing personal but the heritage guys are all cocksuckers.
not one of them was worth a damn intellectuallyJanuary 6, 2009 at 9:43 PM #325597patb
Participant[quote=Aecetia]How Taxes Reduce Savings
by Daniel J. Mitchell, Ph.D.“The fact that Americans save very little today should come as no surprise. Federal taxes–which are at an all-time high–significantly lower the income that Americans could save and use for capital formation. Even worse, the tax burden on savings and investment is much heavier than the tax burden on consumption.”
http://www.heritage.org/Research/Taxes/BG1309.cfm
[/quote]nothing personal but the heritage guys are all cocksuckers.
not one of them was worth a damn intellectuallyJanuary 6, 2009 at 9:43 PM #325668patb
Participant[quote=Aecetia]How Taxes Reduce Savings
by Daniel J. Mitchell, Ph.D.“The fact that Americans save very little today should come as no surprise. Federal taxes–which are at an all-time high–significantly lower the income that Americans could save and use for capital formation. Even worse, the tax burden on savings and investment is much heavier than the tax burden on consumption.”
http://www.heritage.org/Research/Taxes/BG1309.cfm
[/quote]nothing personal but the heritage guys are all cocksuckers.
not one of them was worth a damn intellectuallyJanuary 6, 2009 at 9:43 PM #325684patb
Participant[quote=Aecetia]How Taxes Reduce Savings
by Daniel J. Mitchell, Ph.D.“The fact that Americans save very little today should come as no surprise. Federal taxes–which are at an all-time high–significantly lower the income that Americans could save and use for capital formation. Even worse, the tax burden on savings and investment is much heavier than the tax burden on consumption.”
http://www.heritage.org/Research/Taxes/BG1309.cfm
[/quote]nothing personal but the heritage guys are all cocksuckers.
not one of them was worth a damn intellectuallyJanuary 6, 2009 at 9:43 PM #325767patb
Participant[quote=Aecetia]How Taxes Reduce Savings
by Daniel J. Mitchell, Ph.D.“The fact that Americans save very little today should come as no surprise. Federal taxes–which are at an all-time high–significantly lower the income that Americans could save and use for capital formation. Even worse, the tax burden on savings and investment is much heavier than the tax burden on consumption.”
http://www.heritage.org/Research/Taxes/BG1309.cfm
[/quote]nothing personal but the heritage guys are all cocksuckers.
not one of them was worth a damn intellectuallyJanuary 6, 2009 at 9:51 PM #325276paramount
ParticipantVery good post, of course the question of the day is are we going into a wide spread depression in the US?
Are you currently stocking up on water, canned and dry goods?
January 6, 2009 at 9:51 PM #325612paramount
ParticipantVery good post, of course the question of the day is are we going into a wide spread depression in the US?
Are you currently stocking up on water, canned and dry goods?
January 6, 2009 at 9:51 PM #325682paramount
ParticipantVery good post, of course the question of the day is are we going into a wide spread depression in the US?
Are you currently stocking up on water, canned and dry goods?
January 6, 2009 at 9:51 PM #325699paramount
ParticipantVery good post, of course the question of the day is are we going into a wide spread depression in the US?
Are you currently stocking up on water, canned and dry goods?
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