[Russo]

Originally Posted by trademaster

The sub-prime mortgage crisis in 2007 is more directly a result of Gramm-Leach-Bliley than the Federal Reserve Act. You can thank President Clinton for that one. Armchair economists always blame the fractional reserve system, but never present any reasonable solutions. Unless the entire world decides to abandon central banking at once, which will never happen, the United States doing so would result in complete collapse. Even then, commodity-backed currencies which are subject to exponentially higher speculation and discovery rates than half a century ago isn't exactly ideal. Look at the volatility of gold in any pricing index.

You should be cautious of blindly following the economic doctrine of a man trying to sell books and bring in clients for EPC; a firm which incurred enormous losses for investors by betting on short-term hyperinflation and appreciation of foreign currency against the dollar surrounding the financial crisis. You should educate yourself with data and theory, come to your own conclusions rather than relying on the interpretations of others with obvious conflicts of interest..

Originally Posted by trademaster

Unions are part of the problem.

I covered this in my original post