The dumbest video I've ever seen on economics.

No. All jewtubes are ib zone.

Wow just...wow, i thought it would be a good joke, but honestly i'm bitterly surprised that this is in IB.

As much as Big Lundi wronged ( did not give much of a description of his POV etc etc), the topic and debate of our present day economics and politics deserved better than this.

It's a video link... video links belong in IB.

The 6 regional federal reserve banks are privately owned and most of their directors are chosen by the stockholders, any argument to state that the federal reserve bank is not a private institution is wrong and somewhat stupid.

But still...*sigh*

Ultra gay. I thought this would actually be interesting.

That's... I simply... dunno.

I told you to edit that opening post.

>BigLundi

AHAHAHAHAHAHHA

[color=#2e1a6b]I kinda want to start a thread about the federal reserve, but I don't really understand financial institutions and other complicated financial history enough to adequately defend my critique of it

Economics is incoherent and nothing but babble.

Welcome to Incoherent Babbling!

Enjoy your stay.

Someone called?

Aaaah, BigLundi, such an annoying person.

I see you've taken a liking to a song on the album

I have. And (because I remember seeing you with a avi from them) I have listened to Death Grips. I haven't completely fallen for them yet, but man, do they some good tracks.

Well...Waar..with all due respect...

You're wrong.

And by your own logic, I suppose that makes your point somewhat stupid.

At worst you could say the Fed is quasi-governmental, but it is a governmental entity.

It does have it's private parts, and it has its government parts. It's a bit of a mix between the two, but predominately it's overseen by congress, and only has powers through congress, and is subject to the government in every single way.

Sure, it's unusual in the way it's set up, but it is still answerable to the government, and ultimately to the people. A more helpful way to look at the federal reserve is sort of as a smaller 4th branch of the government dedicated soley to monetary and economic policy.