Unemployment is 3.9 percent

[LV426]

It is directly involved by making too much easy money available.

The Fed didn't make any easy money available to anyone during the housing bubble, and you can't show that it did.

The Fed didn't get involved until AFTER the housing market had already collapsed, and it got involved by opening its discount window to lenders...where it lent banks trillions to loan to individuals and businesses to stave off the economic collapse your shitty policies caused.

 

[LV426]

This causes speculation.

The Fed does not cause speculation.

But what was being speculated? Privately-issued subprime loans.

 

[Into the Night]

Yes you did...you defended Bush on this thread when you tried to blame his housing collapse on Democrats who didn't control Congress and hadn't been in the White House for 3 years.

I do not defend Bush.

I bet in about a year, if you're not dead from COVID,

Covid19 does not kill.

you're going to be saying the exact opposite after Trump costs the GOP seats in the House and Senate this year.

Speculation. No, I won't be saying that Trump is a RINO. Trump is a conservative.

 

[LV426]

The Fed was directly involved in the dot com crash too.

Nope...who told you that?

The dotcom bubble was caused by tax cuts:

To provide more compelling evidence that the 1997 tax cut affected volatility (and mitigate concerns about omitted correlated variables), we focus on cross-sectional tests which are designed to detect the differential responses in return volatility of stocks with different characteristics. We hypothesize that the effect of a capital gains tax change on stock return volatility should vary depending upon dividend policy and the size of the unrealized capital losses (or gains). Consistent with expectations, we find that non- and lower dividend-paying stocks experienced a larger increase in return volatility than high dividend-paying stocks. We also find that stocks with large unrealized capital losses had a larger increase in return volatility after a capital gains tax rate reduction than stocks with small unrealized capital losses. However, we do not find a similar relation with unrealized capital gains.
https://www.businessinsider.com/heres-why-the-dot-com-bubble-began-and-why-it-popped-2010-12

 

[LV426]

Lie. RQAA.

You jsut keep lying because you know you can't hang in this debate with me.

If I was you, I would be linking to that same post over and over again until it was addressed.

So what you do is say something dumb, then when asked to prove it, lie about already doing so, and then send everyone on a wild goose chase to find nothing.

I see right through you.

 

[Into the Night]

The Fed didn't make any easy money available to anyone during the housing bubble, and you can't show that it did.

Already have. Denial of history.

The Fed didn't get involved until AFTER the housing market had already collapsed, and it got involved by opening its discount window to lenders...where it lent banks trillions to loan to individuals and businesses to stave off the economic collapse your shitty policies caused.

It didn't make any government policy.
M1 is not the interest rate.

 

[LV426]

Semantics fallacy. Denial of logic.

No, what happened was that you ran your big mouth and I decided to hold that big mouth of yours to scrutiny.

 

[Into the Night]

Trump lost more jobs than any President in history.

No. DEMOCRATS shut down the economy. Not Trump.

 

[LV426]

Inversion fallacy.

You lied about the cause of the collapse, you lied about providing proof, you lied that someone else did that work, and now you're lying some more.

This debate is over. I clearly won.

 

[Into the Night]

You didn't read what I posted, you skipped over it.

The HUD rules prevented GSE's from buying risky loans when you said that Democrats were doing the opposite.

So not only are you wrong, but you're functionally illiterate too.

Not about HUD.

 

[Into the Night]

But it isn't the only legal tender because of the US Mint.

You're just not that smart a person, huh?

It is, whether the Federal Reserve Note is in coin, paper, or electronic form.

 

[Into the Night]

You know you could have just said "I don't know".

I do, but I'm not going to write a book for you.

 

[LV426]

Fallacy fallacy.

"Widespread" is a buzzword you used to establish a new standard when it comes to measuring an economic collapse.

But the problem is that by establishing that in December 2008, you can't say Obama ruined the recovery because the collapse was "widespread" the moment before Obama took office.

So you just did the JPP equivalent of drinking your own piss just to own da libs.

 

[Into the Night]

OK, then how does it regulate the banks?

RQAA.

 

[Into the Night]

LMAO!

Yes, it does.

In fact, that is the Fed's primary function; is to loan money to banks.

Not the Fed's primary function.

 

[LV426]

Contextomy fallacy.

Nope, that's what you said on this thread.

Now you're scrambling and changing your story because you just realized you drank your own piss.

 

[Into the Night]

You don't even know what a clearing house service is, don't you?

Inversion fallacy. RQAA.

 

[Into the Night]

The Fed didn't make any easy money available to anyone during the housing bubble, and you can't show that it did.

The Fed didn't get involved until AFTER the housing market had already collapsed, and it got involved by opening its discount window to lenders...where it lent banks trillions to loan to individuals and businesses to stave off the economic collapse your shitty policies caused.

Lie. RQAA.

 

[LV426]

I do not defend Bush..

But you did, so this is a lie and you're a liar.

 

[Into the Night]

The Fed does not cause speculation.

But what was being speculated? Privately-issued subprime loans.

Lie. RQAA.