Essential Economics for Politicians

I never heard anyone ever call Trump a racist until he started to make a real run at the Presidency.
"Not even a smidgen."
 
What has Trump done that's racist? Pease don't say the temporary ban because if you do, you feel Obama, Bill Clinton, Hillary Clinton and Jimmy Carter are all racist. Don't say because of his stance on illegal immigrants, because again, the previous people all had the same views. Don't say it's about homosexuals, because he is the first President to enter office supporting gay marriage.

So now go ahead and tell me about this racism..

Haven't read my signature lately?
 
"If there were no debts in our money system, there wouldnʻt be any money"-- Mariner Eccles, Governor of the Federal Reserve System in 1941
 
If all the Bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation.--Robert Hemphill, Credit Manager of the Federal Reserve bank in Atlanta, 1936
 
the paper currency in your purse or wallet is a liability of the Federal Reserve, legally speaking. After all, these green pieces of paper have "Federal Reserve Note" written on them. This is an accounting fiction, of course, a throwback to the days when the notes were simply claims to actual gold or silver. It's hardly a liability to have billions of dollars in "claims" against the Federal Reserve floating around, when they are claims to nothing. (If you tried to present a $20 bill for redemption at a Federal Reserve Office, you would be able to get two $10 dollar bills, or four $5 dollar bills, but certainly no other type of asset.)--HPBRW
 
We know your opinion on fiat money and fractional reserve banking, can you show us both the advatages and disadvantages?
If you know my opinion on fiat money and fractional reserve banking, why would you need an advantage and disadvantage explanation?
 
Obama-Spending-GDP.jpg
 
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