Reminder that a libertarian was head of the Federal Reserve for 20 years.
He spent that time brrrr printing money and bailing out his friends.
A Libertarian was head of the Federal Reserve
Jaxon King
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Justin Parker
Luke Rodriguez
Eli Morales
The Fed is a private bank so if he wants to print monopoly money and someone will accept it for goods and services, thats just the free market at work.
Oliver Kelly
>The Fed is a private bank
That's a fine argument and one I'm partially in agreement with.
However whenever there's a massive recession and/or depression lolbertarians are quick to use the federal reserve as a scapegoat. You can't have your scapegoat and eat it too.
Logan Baker
Yep, he was a sellout and a lesson in the dangers of "compromising" on principle to get access to the levers of power.
Hunter Perry
So many brrrrrr printers call themselves libertarians
Nolan Adams
The fed may be a "private" bank, but the U.S. government does not allow other private entities to print money and use them freely.
Other private banks don't have a monopoly afforded to them by the U.S. government.
Kayden Stewart
Stop the crap, right now! The FED is a gov agency. The governor as well as the whole administration is chosen by the USA
Brayden Sanchez
wrong
Camden Adams
Libertarian ideology and that Rand bitch are Jewish
Grayson Stewart
Jews just use all this ideology to confuse everyone.
Thomas Sullivan
>libertarian
>central bank
no
Kevin Adams
This.
Oliver Howard
Lolbertarians are Zionists.
Joseph Carter
HERBED AND SPICED. Go away.
Justin Diaz
Libertarian tenants:
Individualism for the goyim.
Collectivism for the Jew.
Levi Sanchez
he didn't do a single libertarian thing while holding that position, either. in fact by merely existing, he brought more people than ever to libertarianism, because murray rothbard and lew rockwell (and others) were so fantastic at cutting him to pieces.
Owen Scott
>Let's be like bug people jews and chinks
no
Nolan Nelson
>the thing the jews hate the most is jewish
stunning intellectual feat
Jason Gonzalez
>The fed may be a "private" bank, but the U.S. government does not allow other private entities to print money and use them freely.
Any time a bank issues a loan they create money. Loans are not settled with cash money. If you take out a mortgage the bank doesn't give you cash. The bank only keeps enough cash on hand in case people want to withdraw their money at the same time.
Instead the bank's balance sheet changes to reflect the new debt/credit that's being created.
The federal reserve (which is also a bank) creates money in much the same way, by issuing loans which must be repaid by the federal government.
Again I might be oversimplifying a few things here. The point is ALL banks lend out money they don't have cash deposits to cover. The act of lending money "creates" new "money". That's what people mean when they say our monetary system is debt based.
Zachary Bailey
take off the memeflag you faggot
Jaxon Robinson
Greenspan is not a libertarian. Rand is also not a libertarian. Your arguments are like saying "Obama was in the oval office for 8 years, checkmate Marxists".
Charles Harris
>when lolbertarians see an invading army they say we must all act as individuals and not as a unit
Nicholas Baker
why? retarded faggot
Asher Butler
> (OP)
>Libertarian tenants:
tenants
Are you ten?
Angel Sullivan
The board is appointed by the administration but the shares of the Fed are held by corporations (member banks).
Grayson Hernandez
>Rand is also not a libertarian.
youtube.com
Ayn Rand is more similar to any libertarian in terms of her ideas than any 2 libertarians are to each other.
Noah Russell
Other private banks can perform fractional reserve lending, which is a similar means of creating capital from thin air, albeit previously with more restrictions. Reserve requirements are gone now
Thomas Scott
Bro, that's a jew.
Colton Reyes
Proof libertarians are just a bunch of scam artists
Jacob Flores
He ran the Federal Reserve like the private company that he knew it was.