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Old 08-11-2011, 02:56 PM
Asher Asher is offline
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Join Date: Aug 2010
Location: Tucson, AZ
Posts: 677
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Quote:
Originally Posted by Loke [You must be logged in to view images. Log in or Register.]
Uuur, does that chart at all concern you when you consider the fact that the Federal Reserve Bank is essentially a quasi-private organization that has not been audited in over 9 years? Just curious.

As far as the rest of this - I'm gonna refrain from making more points extolling the virtues of Austrian Economics of Keynesian. Some of you think I'm wrong and I think most of you are pretty incorrect, we'll just have to agree to disagree. I will say that given our current economic state, I think it is silly for anyone to argue that it is wise to maintain our current policies though.
I think everyone agrees it is silly to maintain our current policies the question is how do we fix it?

One side wants no tax increases or reform to close loop holes and the other side wants no cuts to major and popular government programs such as social security and medicare. It would be nice if they would come together and do both. I think the proposed $3 in cuts to $1 in tax increases to the wealthy was fair.

Letting the Bush tax cuts expire alone would save a lot of money.

Never having had enacted them in the first place may have avoided this problem all together.

Asher