The cause of the boom-bust cycle is the Federal Reserve System, and only a Statist (i.e., one that profits through political, rather than economic, means) would dispute this fact.
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The cause of the boom-bust cycle is the Federal Reserve System, and only a Statist (i.e., one that profits through political, rather than economic, means) would dispute this fact.
From this link https://westwoodgroup.com/weeklyblog/boom-and-busts-in-the-u…
(Hint: the Federal Reserve was created in 1913.)
During the period of 1870 to 1910, the U.S. economy was in a state of recession 50 percent of the time, and the average length of economic expansions was short, at 25 months. The depths of the resulting recessions were also deep, at an average decline in GDP of 3.7 percent. Boom and bust cycles were common.
From https://en.m.wikipedia.org/wiki/List_of_economic_expansions_…
During the 19th century, the United States experienced frequent boom and bust cycles.
NL, I give you high marks for consistency.
AW
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Don’t feed the troll.
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This is just as political as complaining that the FBI is a deep state , anti-Trump organization
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Don’t feed the troll.
NL the point is almost every single one of us know better but you keep telling us this…as if you are on to something. We all of us do not see you as on to anything. You are not getting that.
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This is just as political as complaining that the FBI is a deep state , anti-Trump organization
Complaining that the FBI is a deep state, anti-Trump organization would certainly be political, especially considering there are no economic implications whatsoever in such a statement.
Complaining about the Fed, even stupidly, is economic, even Macroeconomic given its role in society today.
See the difference?
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