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Originally Posted by The Demon
Great thing history shares your point of view. Oh wait.
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Oh wait, what. History is full of examples of pre-FED disasters.
Some of the worst economic panics in US History occurred before the Fed existed. 1837 and 1873 come to mind.
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And yet we're in a worldwide depression. That should tell you something. But by your logic, if something isn't happening, it's because it doesn't work!
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WTF? I mean things aren't looking real great and you know I'm pretty bearish, but we are not in a world wide depression.