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[quote user="Smiling Dave"]But how do you know for certain the opposite? What are your guarentees that the dollar will retain its value?[/quote] Smiling Dave, where have I ever, in these forums, claimed that I could guarantee that the $US will "retain its value"? . I think you might...
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[quote user="Smiling Dave"] onebornfree. My understanding is that owning dollars is like being in a car headed toward a cliff. You are correctly pointing out the dangers of jumping out of the car, and how best to do it, but neglecting the danger of staying in the car. If we had sound money...
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[quote user="AndrewF72"] I have $5000 that I made over a few years that I would like to invest in gold or other metals- as a long term, stable and steadily rising investment. Any advice on where to start or if this is even a good idea in the first place? If anybody has any reommendations, books...
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The case for deflation, however defined, is no more or less sound than the case for any other broad, future economic scenario being predicted by anyone, anywhere [e.g. inflation, hyper inflation, disinflation etc.]. The fact of the matter is that no-one can consistently predict future economic events...
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[quote user="Spideynw"] "LVM points out [see "the Theory of Money and Credit"], that the final value [purchasing power] of a unit of currency at any point in time is, as with everything else, always the final outcome of the interactions of 2 factors- the supply of money, and...
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[quote user="Spideynw"] Austrian economics can predict with 100% certainty that increasing the supply of money will increase prices. What Austrian economics cannot predict, and neither can any other theory that I know of, is whether or not a government will increase the supply of money. Do...
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[quote user="Spideynw"] "Shouldn't Austrians make for better speculators?" Not necessarily. Austrian economics is great at understanding the past. But there is no real way to know the future, since governments are so unpredictable. [/quote] Government actions might seem somewhat...
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[quote user="xahrx"] "I understand the official position that pure economic theory, cannot suffice on its own to produce good entrepreneurial decision making, but I've long suspected things are nto so straightforward." Right and wrong. The bottom line is investing is not economics...
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[quote user="al gore the idiot"] If someone traded purely from an "Austrian" standpoing, he/she would have been bankrupted a long time ago. Libertarians had been bearish on stocks for at least the last 30 years, only to see the Dow go from under 1k to over 10k during that time. Quite...
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[quote user="I. Ryan"] That sounds like mysticism. [/quote] Yes, I suppose it does. However, for myself, someone who incessantly pours over charts revealing alleged waves, "head and shoulder" patterns, " 30 day moving averages" , "cyclical waves", "pennants"...