The government can never run out of money.

The Fed is not a government entity. The treasury is a government entity and is much older than the Fed. The Fed is, by far, more powerful and influential. It's origins are very interesting.
Nobody suggesting that printing bills has influence regarding the American dollar has no idea how contemporary US trade of any kind is predominantly done. It certainly isn't done with paper money much at all anymore. We keep paper money like we do postage stamps.
I hope you'll be curious enough to ask some questions about it.

 

What do you think we use almost always to buy anything? How do you think we almost always pay our bills? As employees, how are our earnings most often dispensed to us?
What does the Federal Reserve do?

 

I said the USD's value is derived from its monopoly status.

And nothing you have said thus far contradicts that fact in any way.

Venezuela is a socialist country with a centrally planned economy.

How you could hold it up as an example of a free market is beyond me.

That's exactly what is does.

Read "The Wealth of Nations" by Adam Smith if you don't understand why.

Irrelevant.

The economy grew more or less exponentially in the absence of a "unified currency" for many decades, proving it is a not necessary prerequisite to economic stability and growth.

It's a belief based on ample historical evidence.

But it's quite obvious your understanding of history is tenuous at best.

The simple fact of the matter is that the US central bank was the creation of moneyed interests like JP Morgan who wanted to further consolidate their wealth and power.

And that has been the recurrent theme of central banking throughout all of history, going back to its inception in ancient China.

Go read a history book and perhaps you will achieve a similar understanding.

Doesn't contradict anything I said.

Market-based currencies are effectively prohibited through tax and regulatory policies, so it's simply not true that business can use whatever currency they want.

The only reason the USD can be used to obtain goods and services in the US economy is because of its monopoly status.

In the absence of government tax and regulatory policies, nobody would use it because it's just a piece of paper backed by nothing.

If you disagree, then feel free to open the USD up to competition and we can see if what you say is true.

But we both know you would never accept that because you understand on some level that the USD cannot compete in a free market.

 

Lol... The wealthiest names on earth started the Fed. It's influence and power far exceed that of the government.
Thanks for a post indicative of somebody who knows nothing about the Fed and it's role in the US economy.

 

It's a credit card provided by a private firm and its acceptance in the economy is based entirely on voluntary usage.

The federal reserve is a government agency that centrally plans the money supply by manipulating interbank lending rates, reserve requirements, and asset purchases.

 

The federal reserve is a government agency.

The federal reserve act of 1913 established its existence through congressional legislation.

I have more knowledge of the federal reserve and monetary policy generally in my little finger than you do in your entire body.

But feel free to prove otherwise with something like facts or logic as opposed to asinine, contrarian assertions.

 

Bingo...we have a winner!! Absolutely the first words any American is going to relate to the Fed are interest rates.
What was a 30 yr/fixed 20 years ago vs. today? How significant is that to your payment?
Companies, borrowing, government, etc... What set Ford apart?

 

What attributes of the Fed make it a government agency in your view?
The Fed sets rates. What have you noticed about lending rates 15 yrs ago verses now, specifically in real estate and plastic credit?
In finance, what are points? What is currently replacing the magnetic strip for increased security? What plastic is the most likely not to be accepted? What do you need for debit purchases you don't need for credit purchases?
School me.

 

https://en.wikipedia.org/wiki/Federal_Reserve_Act

Your questions are meandering and meaningless.

The simple fact of the matter is that the federal reserve was established by an act of congress.

That makes it a government agency.

And its role as a government agency is to centrally plan the money supply by manipulating interbank lending rates, reserve requirements, and asset purchases, among other things.

If you feel differently, then provide some kind of a counter-argument with evidence to support it instead of this loopy line of questioning.

 

The Congress can revoke the federal reserve's charter any time it wants.

They legislated it into existence and they can legislate it out of existence.

The fact that private interests were heavily involved in promoting its existence does not change the fact that it's a government agency created by an act of congress.

Private interests can and do use the police powers of the state to their own benefit. It's typical of how political authority operates.

 

Lol. If asked about Discover or American Express, Americans would have first thought credit card.
Asking the questions I am asking however, any American asked about Visa would immediately differentiate between a debit and credit card.
Visa is accepted everywhere. It is our primary means for purchasing. Your Visa debit card and Visa credit card are very different.
The "money supply" you talk about regarding the Treasury, printing, supply and demand... Not even an American child would think paper money was the preferred use for purchasing.
Lol... Acceptance in the economy?? Visa??
Tell me what few things you need to pay at the pump.
Reserve requirements? Could you explain what you mean?

 

Lol.
What do you think about current prime on a 30 year now verses 15 years ago? Do you think Fed handling of it has been more productive or detrimental more recently? Why?
Reserve requirements? Could you describe your understanding of that?

 

Again, feel free to amend the Constitution if it bothers you so much.

The US Dollar's value is derived from its Demand federally and globally, as well as the US GDP and every US Dollar-denominated transaction globally.

You said Supply & Demand creates stability and I showed you that it does not, and cited Venezuela as an example where Supply & Demand have created instability.

No, population growth is completely relevant to GDP growth.

I would also point out that the US progressed from a primarily agricultural (ZERO Level) Economy to a 1st Level Economy when it began to exploit oil as a natural resource.

Like I said, a conspiracy behind every banking transaction.

Name one. Any business is free to price their goods in Euros and accept Euros in payment if they want, they just have to also accept US Dollars.

So you rather go back to the days when banks were State-chartered, and the value of money varied greatly from city-to-city, State-to-State and region-to-region. They used to publish magazines that showed all of the various currencies printed by all of the State banks and their values.

How'd that work out for everyone?

No, the US Dollar is backed by the GDP of the US, plus all US Dollar-denominated transactions globally.

I don't care if economic turmoil exists, but other people might not be so kind.

The US Dollar already competes in a Free Market with dozens of other foreign State currencies.

 

The Fed's are all out of moves. Only fiscal policy can help us now. We need a massive stimulus.

 

Maybe they should tax investment properties like regular income since it doesn't create Jobs Booms.