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The Water Cooler
General Discussion
How the Money Supply is Expanded
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<blockquote data-quote="poopgiggle" data-source="post: 1362234" data-attributes="member: 6406"><p>But...but...Ron Paul told me that the Federal Reserve is printing barrels of money so we can ship it all to China!</p><p></p><p>There's a reason Austrian School economics is called a heterodox school of thought. I think that legitimate gripes about the economy combined with an anti-intellectual distrust of the academic establishment has led to all this anti-Fed sentiment.</p><p></p><p>The manner in which the ideas of Keynes (or even Friedman) have been implemented by our government is imperfect at best, so I don't think it's fair to blame the current situation on them. Blame the political machine that makes economic decisions.</p></blockquote><p></p>
[QUOTE="poopgiggle, post: 1362234, member: 6406"] But...but...Ron Paul told me that the Federal Reserve is printing barrels of money so we can ship it all to China! There's a reason Austrian School economics is called a heterodox school of thought. I think that legitimate gripes about the economy combined with an anti-intellectual distrust of the academic establishment has led to all this anti-Fed sentiment. The manner in which the ideas of Keynes (or even Friedman) have been implemented by our government is imperfect at best, so I don't think it's fair to blame the current situation on them. Blame the political machine that makes economic decisions. [/QUOTE]
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