I haven’t taken an economics class, but I’m not sure how to refute the popular theory that nobody trusted Banks because of the lack of regulation and fractional reserve banking. So I was debating with my egotistical friend, who came to me about it because his economics professor tore apart Ron Paul…

Then why didn’t people trust banks in The Great Depression? Why did the banks spend all of their customer’s money?

More terrabahamut101: YOu seem to be only taking word from your professor, most colleges are liberal biased btw Him: it’s not liberal Him: and btw terrabahamut101: “It concentrated the nation’s financial strength in a single institution. It exposed the government to control by foreign interest…

Really? I had no idea the FDIC was the Federal Reserve. Gee whiz. And the FDIC(Fed???) comes in to save the day and takes the banks profits when they lose to cover your deposit. And I can’t believe I used to think that the FDIC money was already there from taxes on bank transactions. These banki…

Why can’t we chat with this dude? =D Would be way easier.

Because he will get really pissed at me for giving away his sn, especially on a public forum. I know him, he’ll give my SN out to spambots and stuff.

So let me get this straight… Your “friend” takes a class, where the professor spews one-sided vitriol that arouses an emotional response from him, and he suddenly thinks that he’s the unfalsifiable master of economics and the universe? I’m guessing he does this every time he looks at a Wikipedia pa…

Your not asking the right questions. Origins of the Federal Reserve Case Against the Fed What has government done to our money? Lecture on Banking and the Business Cycle Lecture on Money and Prices The following material can easily crush your friend’s view and he will have to delve into irrati…

I don’t believe I could ask for a better illustration of the point I was making the other day.

As for the “libertarian myths”… http://www.youtube.com/watch_popup?v=Qe5Enm96MFQ#t=0 Show this to anyone, who thinks, that he “knows better” and therefore he has “right” to impose his will over others - for their supposed “good” of course… :wink: It can easily humble every intelligent person. A…

The Great Depression, economics professor debunks libertarian myths. I'm in a bad mood.

Economics Economics Questions

Democracy_for_Breakf September 28, 2009, 10:38pm 18

However, feel free to IM me.

Do you need to take an economics class to understand anything here?

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The Great Depression, economics professor debunks libertarian myths. I'm in a bad mood.

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