May

28

 Is the Federal Reserve part of some sort of conspiracy, such as a "New World Order"?

Complete trust in the Federal Reserve and other institutions can be hard to come by these days in light of conspiracy theories. Polls have shown that a majority of Americans believe in at least one conspiracy theory. Further, similar to the open-minded views of some other professional philosophers such as Lee Basham, David Coady, and Charles Pigden, Matthew R. X. Dentith has noted that a conspiracy theory upon examination can, though not necessarily, be rational.

Although I admit I was once open to the possibility, I do not seriously entertain the possibility that the Federal Reserve is involved in some sort of conspiracy. Rather, I do entertain some "deep thoughts" on objective reality in a philosophical sense. In this regard, in my post on this website entitled "Where Does Interest Come From?," and dated May 20, 2016, I addressed the issue, some might argue conspiracy, regarding the source of macroeconomic interest. In that post, summarizing another online post of mine, I said that "I question objective reality in a manner similar to anti-realism due to the fact that economists still have not settled the issue of where money for macroeconomic interest (and profits) comes from."


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3 Comments so far

  1. Steve on May 29, 2016 8:13 am

    “Complete trust in the Federal Reserve and other institutions can be hard to come by these days in light of conspiracy theories.”

    How about some empirical evidence? The federal reserve can’t continue booms, and they can’t prevent busts. The idea that central banks can manage or create a business cycle is right up there with the tooth fairy considering 2007-16.

    Also, take a cpi calculator, plug in 1914 and see how the currency has held up over the years?

    One doesn’t need conspiracy theories or conspiracy facts to know that the fed is just another crony cartel in a long line of them out to serve its patron clique at the expense of everyone else.

  2. Mr. Bynum on May 29, 2016 11:58 pm

    Time.

  3. Pawned on June 10, 2016 1:36 am

    Hard to consider it a conspiracy when the design is so obviously intended to reach an inevitable state. Collapse. The world merger can not be avoided

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