Quote from: HurtfulTurkey on September 22, 2015, 09:53:52 AM

Milton Friedman (PBUH) supported replacing the Fed with a mathematics/computer-based system.

Friedman disavowed his prior policy recommendations when it came to Fed targeting the money supply later in life, but the idea of rules rather than discretion being used isn't taboo among economists. Many of them do indeed think monetary policy should be conducted along the lines of certain rules; but as you say, this isn't the same as actually abolishing the Fed and returning to a gold standard, or implementing a free banking system.

Quote from: HurtfulTurkey on September 22, 2015, 09:08:18 AM

Quote from: Meta as Fuck on September 22, 2015, 08:52:48 AM

Basically, we had a housing bubble due to a number of bad incentives and a poor regulatory structure, which was then popped when the fed began tightening in 2007 which led to a consumption shock. The Fed didn't offset this consumption shock, tightened even more and then plunged the country into an even deeper recession. Falling nGDP probably made the issue with toxic mortgage debt in the financial system worse, and the banking system began to collapse.

This is not a very convincing defense of the Fed.

It's not supposed to be; almost all Recessions are due to mistakes in monetary policy. It's also the case that almost all Recessions are solved by monetary stimulus. Paul has no evidence for this "homeostatic" correction mechanism, and thinking that because the Fed fails quite substantially numerous times we'd be better off without it is a dangerous idea at best.

Sleeping pills at night, coffee in the morning.

Or you can cheat school entirely and use those Performance enhancing drugs that became a fad for students in 2013 during study.

In 2000 the stock market, bloated by earlier Fed rate cuts, started falling when the tech bubble burst. Markets bottomed out in 2002, as the Fed slashed rates. Although people hailed then-chairman Alan Greenspan as “the Maestro” for providing a so-called soft landing, in hindsight he simply replaced the dot-com bubble with a housing bubble.

When the housing bubble eventually burst, the crisis was much worse than in 2000. When Lehman Brothers failed in September 2008, it seemed as if the whole financial infrastructure was in jeopardy. And Fed Chairman Ben Bernanke followed the same playbook: cut interest rates.

When near-zero-percent interest rates did not jump-start the economy, the Fed launched a series of “quantitative easing” (QE) programs, buying unprecedented amounts of Treasurys and mortgage-backed securities. The Fed has roughly quintupled its balance sheet, going from $905 billion in early September 2008 to almost $4.5 trillion today.

[...]

At its core, the market economy is a homeostatic mechanism that self-corrects by cleansing mistakes from the system. When policy makers—in the Fed or Congress—try to spare us from all pain, they cripple that mechanism and ironically make the system vulnerable to a major crash.

Quote from: HurtfulTurkey on September 21, 2015, 03:46:47 PM

You don't lose your money; if you leave before halfway they'll usually refund your ticket or replace it with a free ticket for something else.

Never heard of this. I probably couldn't bring myself to do that anyway. Seems entitled.

mhmmm I don't know OP lying to my kid not appealing neither

Say that Santa exists because I much rather they retain their innocence than get the appreciation from them
I'm not a douche
I can handle not getting attention from children
Because that is what needs to happen
Because sometimes, the truth isn't good enough
Sometimes, people deserve more
Sometimes, people deserve to have their faith rewarded

Depends if Santa is in or not

“I hate pot. I hate it even more than hard drugs. I’ve taught high school for 25 years and I hate what marijuana does to my students. It goes beyond missing homework assignments. My students become less curious when they start smoking pot. I’ve seen it time and time again. People say pot makes you more creative, but from what I’ve seen, it narrows my students' minds until they only reference the world in relation to the drug. They’ll say things like: “I went to the beach and got so high,” or “I went to a concert and got so high.” They start choosing their friends based on the drug. I hate when people say that it’s just experimenting. Because from what I’ve seen, it’s when my students stop experimenting.”

Because we're supposed to know?

You get an item that boosts you to 25 anyway so you can jump right into TTK