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1929 occurred on the FED's watch. So did 1971, 2008, & these https://www.wikiwand.com/en/List_of_economic_crises https://www.wikiwand.com/en/List_of_economic_cr

1929 occurred on the FED's watch. So did 1971, 2008, & these https://www.wikiwand.com/en/List_of_economic_crises https://www.wikiwand.com/en/List_of_economic_crises. So will the next series of crises currently in motion for at least the next couple of years & probably for a decade or more... @bumpy, it's amusing that you, being the statist, are tag-teaming to downvote my comments like it even matters. It's just pathetic passive-aggressive behavior on your part...

AnimalMuppet 6y ago
One more time: 1929 was comparable to previous crises. 2008 came very close to being huge, but did far less damage than a real crash. 1971 was nothing like the pre-Fed crashes, and neither was anything else on your list. You're being downvoted because you're wrong, and because you're being gratuitously abrasive. And you want to use that as evidence that you're right? As Jane Austen said, "You tell yourself that, if it gives you comfort."
- briantakita 6y ago
  > One more time You snipe at me then criticize me for matching your level of in-graciousness. Growth was unprecedented before the FED, even with the short-lived ramifications of the crashes. 1929 & the 1930's lasted longer than previous downturns. 1971 was a complete failure of Bretton Woods & we were only bailed out by Oil & wars. It was pretty big failure in monetary policy. 2008 was bad. The 2020's are not looking good as well. Record & increasing amounts of money are being printed. Income disparity is increasing. Life expectancy is going down. I'm amazed that the plates have been kept spinning this long... > You're being downvoted because you're wrong, and because you're being gratuitously abrasive I've learned a long time ago to not care about silly karma points (distilling karma to a number is a complete misrepresentation of karma anyways) & these sort of passive-aggressive games. I'm not the only one being "gratuitously abrasive" in this conversation. I see myself from your perspective. I also see how I have been treated as well. If you want to call me a troll, then so be it, I'm a troll. > As Jane Austen said, "You tell yourself that, if it gives you comfort." I bet you felt all sorts of self-righteous endorphins when your wrote that. Too bad it was not in good faith. You have to dig deeper into your own actions to see the bigger picture here.
  - AnimalMuppet 6y ago
    I accept the criticism of my tone. That was deserved. I reject your reading of economic history. Your perspective is badly skewed. And I'm out. I leave you the last word if you want it.
dragonwriter 6y ago
> 1929 occurred on the FED's watch And the longest period of economic contraction in the US happened before the Fed (which isn’t an acronym, so all-capsing it just makes you look like a kook), in the Long Depression.
- briantakita 6y ago
  > And the longest period of economic contraction in the US happened before the Fed Even with the contraction, the overall expansion between the Civil War & the creating of the Fed was still unprecedented & has not been matched since. Good thing the Fed was created just in time to finance the World War 1 resulting in over 20 million deaths. Interesting coincidence... > (which isn’t an acronym, so all-capsing it just makes you look like a kook) Wow, I look like a "kook" for all-capsing FED? Hah, I'm obviously not fitting in with this crowd. Perhaps you could have picked up on a different detail...
  - dragonwriter 6y ago
    > the overall expansion between the Civil War & the creating of the Fed was still unprecedented That’s...not surprising given the way postwar expansions tend to work and the impact of the Civil War. > Good thing the Fed was created just in time to finance the World War 1 resulting in over 20 million deaths. Interesting coincidence... How is the link you are insinuating between the creation of the Fed and WW1 supposed to work, exactly?

AnimalMuppet 6y ago

One more time: 1929 was comparable to previous crises. 2008 came very close to being huge, but did far less damage than a real crash. 1971 was nothing like the pre-Fed crashes, and neither was anything else on your list. You're being downvoted because you're wrong, and because you're being gratuitously abrasive. And you want to use that as evidence that you're right? As Jane Austen said, "You tell yourself that, if it gives you comfort."

briantakita 6y ago
> One more time You snipe at me then criticize me for matching your level of in-graciousness. Growth was unprecedented before the FED, even with the short-lived ramifications of the crashes. 1929 & the 1930's lasted longer than previous downturns. 1971 was a complete failure of Bretton Woods & we were only bailed out by Oil & wars. It was pretty big failure in monetary policy. 2008 was bad. The 2020's are not looking good as well. Record & increasing amounts of money are being printed. Income disparity is increasing. Life expectancy is going down. I'm amazed that the plates have been kept spinning this long... > You're being downvoted because you're wrong, and because you're being gratuitously abrasive I've learned a long time ago to not care about silly karma points (distilling karma to a number is a complete misrepresentation of karma anyways) & these sort of passive-aggressive games. I'm not the only one being "gratuitously abrasive" in this conversation. I see myself from your perspective. I also see how I have been treated as well. If you want to call me a troll, then so be it, I'm a troll. > As Jane Austen said, "You tell yourself that, if it gives you comfort." I bet you felt all sorts of self-righteous endorphins when your wrote that. Too bad it was not in good faith. You have to dig deeper into your own actions to see the bigger picture here.
- AnimalMuppet 6y ago
  I accept the criticism of my tone. That was deserved. I reject your reading of economic history. Your perspective is badly skewed. And I'm out. I leave you the last word if you want it.

dragonwriter 6y ago

> 1929 occurred on the FED's watch And the longest period of economic contraction in the US happened before the Fed (which isn’t an acronym, so all-capsing it just makes you look like a kook), in the Long Depression.

briantakita 6y ago
> And the longest period of economic contraction in the US happened before the Fed Even with the contraction, the overall expansion between the Civil War & the creating of the Fed was still unprecedented & has not been matched since. Good thing the Fed was created just in time to finance the World War 1 resulting in over 20 million deaths. Interesting coincidence... > (which isn’t an acronym, so all-capsing it just makes you look like a kook) Wow, I look like a "kook" for all-capsing FED? Hah, I'm obviously not fitting in with this crowd. Perhaps you could have picked up on a different detail...
- dragonwriter 6y ago
  > the overall expansion between the Civil War & the creating of the Fed was still unprecedented That’s...not surprising given the way postwar expansions tend to work and the impact of the Civil War. > Good thing the Fed was created just in time to finance the World War 1 resulting in over 20 million deaths. Interesting coincidence... How is the link you are insinuating between the creation of the Fed and WW1 supposed to work, exactly?