[4plexowner]

“BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure”

why is this a problem? it makes sense to me that over time, manufactured goods and perhaps even services should decline in price because of increasing efficiency – seems like a good thing

“which harms investment (since dollars become more valuable over time if they are worth a fixed amount of a rare commodity). This occurs because productivity, due to technological enhancements and population increase goes up much faster over time than the commodity supply does.”

again, why is this a problem? perhaps the world’s economies only need to grow (or can accommodate) 2-3% growth rates (which seems like the annual limit on increasing the planet’s stash of above ground gold)

perhaps it is the implementation of fiat currencies that enables the push for growth rates of 5-6% and thereby enables the economic boom-bust cycles

[4plexowner]

“BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure”

why is this a problem? it makes sense to me that over time, manufactured goods and perhaps even services should decline in price because of increasing efficiency – seems like a good thing

“which harms investment (since dollars become more valuable over time if they are worth a fixed amount of a rare commodity). This occurs because productivity, due to technological enhancements and population increase goes up much faster over time than the commodity supply does.”

again, why is this a problem? perhaps the world’s economies only need to grow (or can accommodate) 2-3% growth rates (which seems like the annual limit on increasing the planet’s stash of above ground gold)

perhaps it is the implementation of fiat currencies that enables the push for growth rates of 5-6% and thereby enables the economic boom-bust cycles

[4plexowner]

“BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure”

why is this a problem? it makes sense to me that over time, manufactured goods and perhaps even services should decline in price because of increasing efficiency – seems like a good thing

“which harms investment (since dollars become more valuable over time if they are worth a fixed amount of a rare commodity). This occurs because productivity, due to technological enhancements and population increase goes up much faster over time than the commodity supply does.”

again, why is this a problem? perhaps the world’s economies only need to grow (or can accommodate) 2-3% growth rates (which seems like the annual limit on increasing the planet’s stash of above ground gold)

perhaps it is the implementation of fiat currencies that enables the push for growth rates of 5-6% and thereby enables the economic boom-bust cycles

[4plexowner]

“BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure”

why is this a problem? it makes sense to me that over time, manufactured goods and perhaps even services should decline in price because of increasing efficiency – seems like a good thing

“which harms investment (since dollars become more valuable over time if they are worth a fixed amount of a rare commodity). This occurs because productivity, due to technological enhancements and population increase goes up much faster over time than the commodity supply does.”

again, why is this a problem? perhaps the world’s economies only need to grow (or can accommodate) 2-3% growth rates (which seems like the annual limit on increasing the planet’s stash of above ground gold)

perhaps it is the implementation of fiat currencies that enables the push for growth rates of 5-6% and thereby enables the economic boom-bust cycles

[4plexowner]

“BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure”

why is this a problem? it makes sense to me that over time, manufactured goods and perhaps even services should decline in price because of increasing efficiency – seems like a good thing

“which harms investment (since dollars become more valuable over time if they are worth a fixed amount of a rare commodity). This occurs because productivity, due to technological enhancements and population increase goes up much faster over time than the commodity supply does.”

again, why is this a problem? perhaps the world’s economies only need to grow (or can accommodate) 2-3% growth rates (which seems like the annual limit on increasing the planet’s stash of above ground gold)

perhaps it is the implementation of fiat currencies that enables the push for growth rates of 5-6% and thereby enables the economic boom-bust cycles

[4plexowner]

I’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system

we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based

that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud

how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?

[4plexowner]

I’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system

we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based

that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud

how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?

[4plexowner]

I’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system

we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based

that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud

how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?

[4plexowner]

I’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system

we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based

that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud

how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?

[4plexowner]

I’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system

we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based

that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud

how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?

[4plexowner]

Monsanto hired ‘scientists’ to prove that the GM pollen doesn’t travel far enough to infect neighboring fields

therefore, when a neighboring field ends up with GM plants, it is ‘obvious’ that the owner of the neighboring field has stolen the GM plant – the courts have backed this up

~

IMO there is definitely a long term objective for someone (TPTB, corporations, ?) to control all the fresh water and food on this planet – once you have control of those two items, what’s left besides air?

[4plexowner]

Monsanto hired ‘scientists’ to prove that the GM pollen doesn’t travel far enough to infect neighboring fields

therefore, when a neighboring field ends up with GM plants, it is ‘obvious’ that the owner of the neighboring field has stolen the GM plant – the courts have backed this up

~

IMO there is definitely a long term objective for someone (TPTB, corporations, ?) to control all the fresh water and food on this planet – once you have control of those two items, what’s left besides air?

[4plexowner]

Monsanto hired ‘scientists’ to prove that the GM pollen doesn’t travel far enough to infect neighboring fields

therefore, when a neighboring field ends up with GM plants, it is ‘obvious’ that the owner of the neighboring field has stolen the GM plant – the courts have backed this up

~

IMO there is definitely a long term objective for someone (TPTB, corporations, ?) to control all the fresh water and food on this planet – once you have control of those two items, what’s left besides air?

[4plexowner]

Monsanto hired ‘scientists’ to prove that the GM pollen doesn’t travel far enough to infect neighboring fields

therefore, when a neighboring field ends up with GM plants, it is ‘obvious’ that the owner of the neighboring field has stolen the GM plant – the courts have backed this up

~

IMO there is definitely a long term objective for someone (TPTB, corporations, ?) to control all the fresh water and food on this planet – once you have control of those two items, what’s left besides air?

[4plexowner]

Monsanto hired ‘scientists’ to prove that the GM pollen doesn’t travel far enough to infect neighboring fields

therefore, when a neighboring field ends up with GM plants, it is ‘obvious’ that the owner of the neighboring field has stolen the GM plant – the courts have backed this up

~

IMO there is definitely a long term objective for someone (TPTB, corporations, ?) to control all the fresh water and food on this planet – once you have control of those two items, what’s left besides air?

[Author]

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