Again, no reply button, so the following relates to your statement.
I asked a Y/N question about the Fed, is it a private corp----your response is YES. Please get up to speed on the workings of the Fed. To quote them:
"The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress."
Regarding Griffin, what a panty waste. The guy is a crack pot, a BS'er. Sorry but someone who is a John Birch'er and is expounding on Noah's Ark----oh for Christ Sake, can you not see this sort of person is garbage. Sorry for breaking the bubble but I have a good econ background and have applied it successfully in Banking for decades. I have no time--nor patience--- for wild hair, right wing conspiracy nuts.
When you want to talk business and reality, sure. But push BS theory and conspiracy crap, well dude, you have come to the wrong place.
One question for you----why does this IMG attract so many right wingers like yourself? How did you hear about it----I take it you are in Europe. Thanks
I am involved with applied economics in the US Business World. I did a search of Austrian Economics and I can see why I have never heard of it. It is a waste, nothing practical. Sorry but here is the reality of the situation.
1. Mainstream economists have argued that modern-day Austrian economists are excessively averse to the use of mathematics and statistics in economics.
2. Economist Paul Krugman has stated that they are unaware of holes in their own thinking because Austrians do not use "explicit models"
I recently did a fair amount of work regarding ECB's RWA for PNB-Pabis. Never came across Austrian Economics. Feel free to continue to play in that irrelevant sand box all you want.