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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (776315)3/23/2014 6:43:31 PM
From: Bilow  Read Replies (1) of 1574486
 
Hi mindmeld; Re: "First of all, I agree the business cycle cannot be smoothed out. Then when does the Fed try so hard to do it? Do you dispute that their manipulation of interest rates and QE is precisely an attempt to smooth out the business cycle? It's futility at work and it creates distortions.";

The Fed does not try to eliminate (i.e. "smooth out") the business cycle, that's impossible. Instead, it tries to reduce the peaks and raise the valleys (valleys more than peaks, LOL). That is not necessarily a futile enterprise.

I've given evidence that the business cycle now is less extreme than it was during the early years of the Fed. And I can give evidence that the business cycles before the Fed were more extreme than they are now. You've given no evidence to the contrary. As far as I can tell, you ignored the evidence I gave completely with no response. Why should I give you more?

Re: "We have a rapacious government that has funneled the wealth of the nation to cronies and lobbyists, installed an alphabet soup of security apparati that daily violate our Constitutional Rights, engaged in outright buying of votes through ignoring certain laws and executing only those they please, allowing our largest banks to commit fraud and money laundering with impunity while none of their execs go to jail, massively increased the welfare roles including food stamps and unemployment for 5 years after the recession began, and engaged in spying of our allies.";

I agree with this but it has nothing to do with the Fed. Try to stick to the subject.

-- Carl
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