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(CNBC)   Steve Forbes slams Central Banks for not focusing on shoring up currencies, which would only help rich people like him protect his assets. Poor guy   (cnbc.com) divider line
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    More: Dumbass, United States dollar, Inflation, Monetary policy, Bretton Woods system, central banks, Foreign exchange market, Exchange rate, Central bank  
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288 clicks; posted to Business » on 26 Sep 2022 at 7:35 AM (26 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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NewportBarGuy [TotalFark] [OhFark]
2022-09-26 7:55:53 AM  
6 votes:

Chief Superintendent Lookout: Remember when this dork ran for President?


tse3.mm.bing.netView Full Size


"under a Flat Tax, you nasty filth pay all the taxes and I get to keep everything I have! hahahahaha"
 
pearls before swine
2022-09-26 10:29:02 AM  
5 votes:
Yet another fool that was born rich and thinks he therefore understands economics.
 
Northern
2022-09-26 11:30:49 AM  
2 votes:

Chief Superintendent Lookout: Remember when this dork ran for President?


I had no idea he was still alive.  As a candidate his big tent idea was a universal fixed 15% federal income tax.  How dare he suggest the 0.001% pay taxes!  He's a communist.
Also Steve, pegging the dollar to gold isn't a fixed thing, a committee decides how many dollars per ounce of gold, you economic snake oil salesman.  And big surprise, the committee is composed of the wealthy who introduce economic shocks to carpetbag the middle class.
Fiat currency is far superior for maintaining value and controlling inflation.
Lie number three is how Reagan fixed stagflation.  He didn't, that was Carter and Volker.  "Deregulation" is a code word for busting unions.  Well, here we are will historically low organized labor and low wages/benefits as well as historically low unemployment.  Got anything to say about that Steve?
/crickets
 
Omnivorous [BareFark]
2022-09-26 9:21:44 AM  
1 vote:
He must have too much cash in the U.K.  Because the dollar's looking strong enough.
 
OptionC [TotalFark]
2022-09-26 9:45:47 AM  
1 vote:
Well, that went into goldbug lunacy pretty quickly.

I don't necessarily think he's wrong that the dollar has strengthened way too much over the last few months and this is going to crush US exporters if it continues but shooting ourselves in the dick with a gold standard is not the solution.
 
Nick Nostril
2022-09-26 4:32:35 PM  
1 vote:
The one thing you never had to wonder about ol' Stevie is who he is looking out for.
 
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