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  • Re: World's first credit crunch happend in 88 BC Rome?

    http://www.paralumun.com/romecurr.htm <-- Not from an Austrian Perspective, simply a history of the coinage itself. I used to have a lot more, but lost a ton of my bookmarks a while back. :( I'm not sure if this applies to you or not, but it seems that people who understand Fiat currency (which is a few in itself), have the idea that it's
    Posted to History (Forum) by Patrick Knight on Fri, May 8 2009
  • Re: World's first credit crunch happend in 88 BC Rome?

    Rome had a fiat currency in everyway. It's government decreed that it be the only currency of the land, and that no locality shall make it's own or go off the central weights and measures. The value of the Denarius was worth drastically more than the metals it composed (similar to how you could buy more paper with a dollar than is in the dollar
    Posted to History (Forum) by Patrick Knight on Fri, May 8 2009
  • Re: Liberterianism makes you stupid

    Vichy isn't wrong by any means. Any political ideology is full of morons who'd rather tote the word before knowing what it means. However all ideologies have this.
    Posted to Newbies (Forum) by Patrick Knight on Fri, May 8 2009
  • Re: When did liberals first become statists/socialists?

    Liberty used to be a word to symbolize absolute connection with god and a god supporting state. Liberty used to mean freedom from a sovereign nation, but nothing of the people. Liberty has been used to mean a lot of things in history. Even booklets from the IRS explaining how to pay taxes display an image of the Statue of Liberty on them. Like any word
    Posted to History (Forum) by Patrick Knight on Fri, May 8 2009
  • Re: Waterboarding

    [quote user="Juan"]What ?? If anything, he should be payed minimum wage.[/quote] I should have been more clear. I believe the money goes to military families. From what I've read it didn't specify, but I think it'd be to injured vets if anything.
    Posted to General (Forum) by Patrick Knight on Fri, May 8 2009
  • Re: Waterboarding

    That's just the thing though, after Hitchens did it you saw a pretty radical change in opinion. It made the voices of supporters weaker for a period. Sick display of human nature? Of course. But completely voluntary and he wouldn't last a minute. Perfect to make an example of. Especially someone with such a high profile among idiots.
    Posted to General (Forum) by Patrick Knight on Fri, May 8 2009
  • Free Trade vs. Closed Borders

    Can you have true free trade without open borders? Assuming we didn't live in a welfare state, would immigration even be much of a problem? It seems to me that the biggest split in libertarian idealism is the issue over immigration, and it seems to be pretty polar at that. In a perfect world, should anyone be able to cross any border and get any
    Posted to Political Theory (Forum) by Patrick Knight on Thu, May 7 2009
  • Re: Oh no, Chrysler is going under

    This is just a question, but do you think under a real libertarian economy being a loaded billionaire like ones we have would be possible? Under a free market would monopolies as we know them be stronger or weaker?
    Posted to Economics Questions (Forum) by Patrick Knight on Thu, May 7 2009
  • Re: Animal Cruelty vs Property Rights

    So would any human caused extinction of any animal be considered a Tradgedy of the Commons?
    Posted to General (Forum) by Patrick Knight on Thu, May 7 2009
  • Re: Oh no, Chrysler is going under

    [quote user="liberty student"]The game is rigged.[/quote] It is. You can never tell if the price on gold is more or less than the actual value. Banks and others keep gold to rise the price, then sell it and deflate it when the time is right. Everyone without insider info or a vast amount of it may be hurt if they decide to sell sell sell when
    Posted to Economics Questions (Forum) by Patrick Knight on Thu, May 7 2009
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