Which side makes a better case?
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  • a year ago

    I'm not really sure how Pro comes to the conclusion that this is the worst thing in the world. It doesn't even seem like the worst thing in America. Even if we give Pro that the Federal Reserve is bad (which I didn't really buy since Con's arguments were equally good on this point) that still doesn't come close to proving that the Federal Reserve is the biggest problem the world currently faces.

    • a year ago

      @sharkb8 They own our country and have so much power that they can print out money out of thin air.

    • a year ago

      @theredpilljew That doesn't even begin to prove that they're the biggest problem in the world. Even if that meant they were the biggest problem in the US (which it doesn't prove) it still wouldn't prove your resolution.

    • a year ago

      @sharkb8 My solution I briefly stated and it's simple, replace it with something else. I criticize myself for not going more in depth about it but jeez, you don't have to pour the salt in the open wound. I get it! haha

    • a year ago

      @theredpilljew haha yeah I don't mean to rub salt or anything. I was just explaining my vote. If the rez is proven true in a debate I vote Pro, and if not I vote Con. In this case the arguments you made didn't prove the rez so I voted Con.

    • a year ago

      @sharkb8 Fair enough.

  • a year ago

    @theredpilljew would love to discuss the fed with u

  • a year ago

    Federal Reserve concerns are one of my trigger topics. :P I find that a lot of the arguments against it come from a place of ignorance of why it exists, what it does, and the thinking behind it. Since I hold an econ degree, I feel like I sort of have a minor duty to educate as best I can on the subject. Not that I'm any expert, but I've studied the basics.

    That said, I have to encourage challenging the status quo and trying to think outside the box. So kudos to @theredpilljew for making the effort.

    What I find interesting is that the first two critiques of the federal reserve (fiat currency, independent from government) are very much intentional qualities that are why it is valuable rather than why it is a problem.

    @dhirazit_hazarika does a nice job here explaining one of the key reasons the Fed isn't run by the state directly. It is supposed to follow its charter to keep the economy stable and reliable, not play politics or favorites.

    @theredpilljew Doesn't every really show us what harms are supposed to stem from the central bank. Who's dying, what impact do they have on our prosperity, what are they doing that is harmful, and how is it having an impact on the world? Why is it worse than terrorism, why is it worse than nuclear weapons, why is it worse than global warming, the lost of species, etc etc...

    We just don't get into any of that here, granted the time is super short.

    I'd just recommend that pro do more reading on what the Fed's job is, why it is set up the way it is, and how fiat currencies work and why. Indeed I'd start by doing some basic study on what a currency is and basic money theory.

    I'd be happy to try and explain at some point. It's really a lot more rational than you might expect and other systems are often a bit less rational than you expect when you really think about them in detail.

  • a year ago

    The history of money and banking should concern all people.