I know what the fed is, but the system we had before 1913 was prone to panics and credit collapses, situations where J.P Morgan would have to go around selling American bondes to rich Europeans to fix the credit of the United States. The way I look at it is that if you want a social safety net, social security, foodstamps, publicly funded education, you can't do that without being indebted a lot of the time. Our debt in the form of publicly traded bondes is the worlds safest asset. When I think of freedom I think of personal freedom. Like can I call the president a cocksucker? This is still the country people try and emigrate to, not the other way around.
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