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Money as debt is a good educational video of how the system works but it's socialized solution is something that could be compared to the FED itself. The amount of money created (liability) in the economy should equal to that of the production (asset) of a nation thereby offsetting each other and...
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There must be people on here that are aware of Roy Jastram's fascinating work "The Golden Constant". Its a book sized piece on the gold/commodity ratio from 1580 until 1976. Its a great read if you know about Mises' theory on the interest rate and the Gibson's paradox observation...
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Just tonight, I was talking to someone about how the market entails natural regulations, regulations which the government perverts and negates through its own coercive regulations. I gave the example of our banking industry which, thanks to Big Government, is essentially completely unregulated. Banks...
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[quote user="CShirk"]I was talking with my dad about the gold standard, and he brought up what seems to me like a good point. One of the problems with the gold standard is the use of gold in modern technology. Gold is highly conductive...[/quote] How would this be an argument against the Gold...
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[quote user="Ed D."]I suspect that what your professor meant was that since the supply of gold is limited there is not enough gold to back an infinite number of printed , worthless paper fiat dollars thus not allowing for an infinite , unaccountable governmental spending spree. He's right...
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In one of Lew Rockwell's articles a while back, it talked of the prospective first 30 days of a Ron Paul presidency. On Day Fourteen, he says " The shaky fiat dollar is defined in terms of gold, with the ratio determined by dividing the government's gold stock by all existing dollars on...
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Currency, by definition, is never "hard;" people keep the hard money and spend the least hard. However, the problem is easy if there is a federal system: the central government is mandated to coin both gold and silver coins, the several States adopt one or the other. If someone finds a reef...
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I'm not to familar with Somalia, but as for the rest of Africa the currencies are pretty useless(high inflation, Ghana had a currency reform pretty recently). The locals will do their business dealings in Dollars or Euros. And sometimes they may use diamonds or precious metals for exchanges. But...
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Gold and silver have been used as money for thousands of years. Paper money has come and gone, over and over, with a 0% success rate. (Those aren't good odds if you're a betting man). Hyperinflation always occurs, which is followed (eventually) by a return to hard money. This is why you want...
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Hey everyone, figured I'd contibute a little something to the forum here with my first post... I was just wondering as to what every one else thinks about the fallacious reasons typically given for inflation and why it is that everyone buys into those concepts rather than accepting the logically...