What can be done to realistically make the FED vanish?

If you want real disparity as opposed to artificial disparity, do away with the Fed.

 

If the free market reduces the cost of anything, it's due to increased efficiency; innovation. That's a good thing.

If liberal policies reduce the cost of anything, it's due to stealing from the haves and giving to the jealous and childish.

 

False. You could say that about Real GDP increases, but not real GDP per capita increases because it takes into account shifts in population.

I agree that massive reckless government spending will cause temporarily massive spikes in economic growth at the expense of future growth.

 

I don't know, neither do you. All I know is what actually happened, and what happened is great in my book. I don't get why we would want to change to a system that no one in the world uses. Only crack pots like yourself want that.

 

You graph only reinforces my argument. You are trying to dumb things down.

If AD decreases then AS must also descrease.

But as I said before, since both are made up of different variables, the decreases do not have to come uniformly from the variables.

You are wrong. If you've ever taken a marco class you would know that. Just admit it.

 

Looks like the trend in spiking economic inequality started in the early 1970s right around the time the dollar was delinked from gold.

Which doesn't surprise me one bit.

 

Not if the gap is artificially being increased due to government transferring wealth from the lower income groups to higher income groups. Which it always historically has done, despite leftwing progressive propaganda. I find that to be very disturbing.

It is true though. Rich people are intelligent enough to use big government as a tool to redistribute wealth back to themselves. Not only through inflation, but through the many income tax holes that will never be fixed by the neo-conservatives and liberals controlling our government.

 

It also occured simultaneously with union busting and deregulation, but don't let your monomaniacal obsession with gold distract you from that.

 

I am just conveying the basics to you.



SOURCE

As you can plainly see, a leftward shift in AD necessitates a commensurate decrease in output and prices. It's really not that difficult.

 

Resorting to personal insults...the last refuge of a hack.

 

Funny, it looks to me like you see a trend spiking upwards until 1934, right aroundthe time the dollar was delinked from gold, drops in the 40s, more or less stablizes in the 1950s-1970s, until the Reagan revolution where it spikes up again.

Don't see the correlation you are urging.

 

Because the evidence indicates that the gap between the rich and the poor would decrease, and our rate of economic growth per capita would increase. As would our individual freedom by preserving property (value of savings) and the freedom to choose our money.

Freedom is not a crackpot idea. But I know you think it is because you want to take the US on a course back to the Dark ages of tyranny.

 

He uses "gold" or "fiat currency" as his answer to everything. I'd say if anyone is the hack its him.

 

Not according to any definition I've seen.

 

Output OR Prices.

Both variables do not have to decrease so long as the overall decrease is the same.

 

You went from insulting him to lying about him.

Of course YOU would say that.

 

C, G, and (X-M) is V.

I is MS. Although, part of G is also MS.

Edit: (I)nvestment also is involved in Velocity as well.

 

Look at the graph I posted and shift the AD curve to the left. What happens to the PL and the RDO?

 

See post above.

If that is the best evidence you have, it isn't very strong.

That would eliminate the problem of MW workers losing purchasing power due to inflation. So why not?

Generally it does. Obvoiusly I am speaking in generalities. If real incomes doubled for all classes, yes, I agree that does not mean that every single person saw and increase. Some saw twice the increase.

But so what? The point is, it is wrong to say "Higher prices harms everybody. Destroyed purchasing power harms everybody." I does not harm those whose incomes increase at greater than the rate of inflation.

 

Sounds like you're talking out of your ass.

 

The dollar wasn't totally delinked from gold in 1934.

The steady upward trend began about 10 years before Reagan even took office. Anybody looking at the graph can see that.

 

Really? How does Consumer Spending, Imports/Exports, or Government spending create or destroy money in the Money Supply?

They are clearly indicators of Velocity.

Investment affects velocity as well, but it affects the Money Supply a lot more. And I've always seen "G" include interest rates.

 

De-linked enough to underime the correlation you are trying to establish.

It did, but no more than the increases in the prior 2 decades.

It was with the Reagan revolution that the inequality index really soared to its pre GD levels. As would be expected from "trickle down" policies.

 

Like I said, you are dumbing things down by using pictures instead of address the simple facts of it.

AS is Q X P. Overall, AS must decrease, but that decrease can come from Q, P, or both. If only P decreases, nothing is really lost.

 

I've provided primary sources to support my position, you have not.

Here are the facts.