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Discussion in 'West Mall' started by Chop, Oct 15, 2020.
The Cantillon Effect
We need sound money
How was your trip? We kept the idoits in line.
I wish I could say it was a good vacation. I’ll leave it at that, thanks for asking though.
Bummer Dion. I’ve been on a bad trip before, sucks, kinda like OU.
Trade proposal: Mittens for Tulsi Gabbard.
I offer to personally welcome her to the Party
I'd put these troop withdrawals in the damned if you do, damned if you don't category. The only thing that smells at all is the timing.
Trump has been something of a peace dove, rather than a war hawk.
1. Making and keeping peace with N. Korea.
2. Making peace between Israel and a number of ME countries. (a huge deal)
3. Troop withdrawals.
4. No new wars (that I can recall). This is actually quite rare for a President.
I don't have a beef with him for that. Blessed are the peacemakers after all.
If the money supply cannot expand, economic growth expansion would be constricted. New businesses need money. Existing businesses need money to expand. Tying it to a precious metal is nuts.
Going Back To The Gold Standard 'Could Crush U.S. Economy' - Wells Fargo
Why a gold standard is a very bad idea — Money, Banking and Financial Markets
The Gold Standard Is A Terrible Idea
Most of the posters on this thread:
Roosevelt was an SOB
I would put the entire Trump 4 years into that category.
I see you have a strong faith in Keynesianism.
Economic growth != money supply growth, there is no causative relationship either.
Businesses do need money to expand but that is logically separate from needed to print new money.
Commodity money is only nuts to adherents to the monetarist cathedral.
All money was linked to precious metal throughout history and in the US until 1971. The whole modern economy was built with commodity money. Economic growth rates and labor wage growth has stagnated since 1971. That is historical fact. All the economic historical analysis points this out.
Every case where a country quickly expands money supply leads to immediate economic ruin. Look at the 1930s Europe.
Every case where a country expands money supply significantly leads to stagnation. Look at Japan.
The government is stealing your wealth dude. The lower socio economic status the worse the theft is.
Listen to @Monahorns on this
I’d rather listen to our economics department. Although I doubt any of them post here.
Even Milton friggin Friedman* opposed a return to the gold standard.
Y’all have entered Lyndon LaRouche territory. I guess this would be the thread to do so...
*the prototype right wing economist.
Milton Friedman was okay, but pretty horrible on monetary theory/policy.
This is about Adam Smith, Dave Ricardo, Jean Baptiste Say, Bastiat, Bohm-Bawerk, Mises, Hayek, Hazlitt, etc.
I agree. So let's pull them all out then.
Well for all practical intents and purposes we are finally pulling out.
Here is a theory on who Q is
"TRUMP WILL WIN - HERE'S WHY"