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#21
06-16-2006, 05:11 AM
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Re: \"He who makes the money - makes the rules\"
[ QUOTE ]
interestingly these days there is a lot of terminology being bandied about that was used in the Nazi regime. [/ QUOTE ] Imagine that. It's almost like modern fascists are organized. q/q 
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#22
06-16-2006, 11:55 AM
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Re: \"He who makes the money - makes the rules\"
[ QUOTE ]
As I see it there are 2 types of inflation - prices go up naturally over time - [/ QUOTE ] You see this as a fact of life, an economic inevitability in a free market? It's far from it. This is caused by the currency losing value. Could you explain why, in your opinion, the prices of goods should naturally rise over time? Especially during a period when productivity increases manifold?
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#23
06-16-2006, 12:04 PM
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Re: \"He who makes the money - makes the rules\"
I know Aaron Russo from his days running for the Libertarian presidential nomination when he lost to Michael Badnarik. Very interesting guy. Looking forward to his film.
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#24
06-16-2006, 01:31 PM
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Re: In a galaxy far, far away
[ QUOTE ]
Bartering is the straightfoward exchange of goods and/or services, without using money. [/ QUOTE ] Yet in all civilizations, some form of "intermediate" barter commodity emerged. Namely because, well, what if you have A and you want B, but the guy who has B doesn't want A? That ups the transaction costs A LOT. An intermediate form of worth is much more efficient. [ QUOTE ] Gold is a solid mineral (a metal in fact) that is relatively hard to dig up and cleanse, so it can be considered as practical for such a purpose. [/ QUOTE ] What does that have to do with it's practicality?
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#25
06-16-2006, 02:04 PM
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Re: \"He who makes the money - makes the rules\"
[ QUOTE ]
I'm proposing the the FR is made into an institution that is responsible for printing/control of US currency - nothing else - it's presently a privately owned corporate bank. Perhaps getting Congress to do the controlling is a bad idea - but then who do you suggest does the controlling?? I think it needs to be controlled by the people. My argument here is that whoever controls the money that a nations economy is based upon effectively controls that country and it's better for that control to rest with the people than some small group of people that own/run the bank. [/ QUOTE ] Putting the fed under direct gov't control is a terrible idea, even worse than the gold standard. The reason every industrialized country has an independent central bank is that the country's long-term economic interests are often served by moves that are politically unpopular. At the present time, for example, the Fed is increasing interest rates, which everyone hates. If Congress ran the Fed, angry constituents and lobbyists would be pounding down the doors to make them stop raising rates, even if it's the best idea in the long run. Furthermore, the Fed doesn't really run anything, except the money supply and bank holding companies. Unless you're a real estate developer or a home builder or a bank, the Fed has essentially zero power to control you.
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#26
06-16-2006, 06:58 PM
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Re: \"He who makes the money - makes the rules\"
[ QUOTE ]
As I see it there are 2 types of inflation - prices go up naturally over time - type1 - and increases in prices caused by the currency losing value - type2. In a free market it's nigh on impossible to stop type1 inflation - it's much easier to control type2. [/ QUOTE ] Actually, in a free market, with hard currency that is not inflated through fractional reserves, prices naturally go *down* over time, not up. That's because total wealth is increasing but the amount of money is remaining constant.
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#27
06-17-2006, 06:56 AM
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Re: In a galaxy far, far away
[ QUOTE ]
[ QUOTE ] Gold is a solid mineral (a metal in fact) that is relatively hard to dig up and cleanse, so it can be considered as practical for such a purpose. [/ QUOTE ] What does that have to do with its practicality? [/ QUOTE ]A competitor mineral that could be dug up and purified with a minimum of effort would not be as practical - for use as money.
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#28
06-17-2006, 09:41 AM
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Re: \"He who makes the money - makes the rules\"
[ QUOTE ]
[ QUOTE ] As I see it there are 2 types of inflation - prices go up naturally over time - type1 - and increases in prices caused by the currency losing value - type2. In a free market it's nigh on impossible to stop type1 inflation - it's much easier to control type2. [/ QUOTE ] Actually, in a free market, with hard currency that is not inflated through fractional reserves, prices naturally go *down* over time, not up. That's because total wealth is increasing but the amount of money is remaining constant. [/ QUOTE ] !! I had thought that as people will naturally over time charge as much as they possibly can get away with that prices as a result would tend to rise slowly over time. You learn something new everyday.
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#29
06-17-2006, 11:53 AM
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Re: \"He who makes the money - makes the rules\"
[ QUOTE ]
I had thought that as people will naturally over time charge as much as they possibly can get away with that prices as a result would tend to rise slowly over time. [/ QUOTE ] Why would the price they "can get away with" naturally rise? [ QUOTE ] You learn something new everyday. [/ QUOTE ] If you're fortunate.
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#30
06-17-2006, 02:46 PM
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Re: In a galaxy far, far away
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Gold is a solid mineral (a metal in fact) that is relatively hard to dig up and cleanse, so it can be considered as practical for such a purpose. [/ QUOTE ] What does that have to do with its practicality? [/ QUOTE ]A competitor mineral that could be dug up and purified with a minimum of effort would not be as practical - for use as money. [/ QUOTE ] Because there would be more of it, you mean?
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