FreedomFest Debate: The Federal Reserve w/ Thomas Woods 2/5

[SkepticThink]

Lol "there were panics that led to the creation of the Fed"

Here's some logic: intended effects do not equal the real effects

[SeppLainer]

"can you wrap it up"...

LOL

[TheAttackRat]

lol the third guy is hell ditsy. he just jumps into a whole bunch of subjects like a child telling his adventures to his mother.

[TheAttackRat]

@TheAttackRat that said, he has some really good points

[kmg501]

I've watched and read so much of this stuff but no matter how much I learn, I still grow more angry and disgusted with our current condition as caused by a massively out of control federal government that is enabled by the utterly despicable ultra bankers at the private Federal Reserve which is destroying this nation.

[Fruerik]

Just listening to this guy would make all non-idiots skeptical about the Fed.

[bigsal31]

There are no justifable reasons to have a central bank. Not only does it legalizes counterfieting but it gives the central bank a monopoly in money creation. As well as the privilage the fed shares as the sole money creator with govt. is that the biggest fraud committed on the people of fractional reserve banking is actually legalized as well.

"It is time to kill the monster". The people would be better off.

[DropTheH4MM3R]

Warren Coats needs to speak more often on why we need the fed. He does such a poor job that it actually helps the End The Fed movement.

[CommSense]

Gene is the man.

[spanishaustralian]

Fuck the Fed OOOFFFFFF !!!!!!

[ayebretwalda]

Warren Coats - director of CAYMAN ISLANDS Monetary Authority - LOLZ!

[Sleeeeve24]

Warren Coats... bailouts may have been 'possibly illegal' - No according to the constitution; it is illegal!

[murphycline]

They should have flipped the roles and made Woods Epstein argue for the Fed. Good debater should be able to argue both sides.

[FATToney12]

Freedom Fest debate wasn't on debating,  it was a debate about Federal Reserve. Not a debate on debating the Federal Reserve. LOL!

[murphycline]

I know, but it still would interesting to see Bernanke and Ron Paul debating, but with Bernanke arguing against the Fed and Ron Paul arguing for the Fed.

[elbuggo]

Free speech is absolute.

[djsherin]

Warren doesn't understand Austrian economics and its criticism of the Fed. GDP and unemployment mean very little without qualification and that's assuming you even trust government statistics, which I don't.

[Omnis2]

Yeah, Warren didn't even really touch on any part of "Why" the Fed is needed or necessary... perhaps because it's not needed or necessary after all. Haha. Woods ftw.

[coachkemp34]

GDP would be boosted by government paying people to dig and refill ditches. Enough said about GDP.

[thomasst2]

The other problem is he's using Govt rigged stats to "prove" the efficiency of the Fed. See the shadowstats website for real statistics before Reagan and Clinton changed how they were calculated. For example, no one knows that we had 14% inflation (like the '70's) during the housing boom 'cause the Govt reported only 4-6%. But I'm sure everyone felt it.

[djsherin]

Can you message me the link to that website?

I've never believed govt statistics, but I haven't found anything else to go off which sucks.

[MrMP81]

Warren is speaking if the Fed worked as it should with no cruel/selfish intentions.

You can't expect it to work perfectly, it's like telling a kid who loves candy in a candy store to not touch any candy.

Gene spoke perfectly...