[greekfire]

"I'm fundamentally not bothered that money is printed out of thin air. What bothers me about monetary policy is that the money is not printed "debt-free."

Are you kidding me?  Abraham Lincoln printed money out of thin air because he had to fund a (Civil) war that he didn't have the funds in which to conduct without doing so.

The term "debt free" is totally relative.

[greekfire]

"I'm fundamentally not bothered that money is printed out of thin air. What bothers me about monetary policy is that the money is not printed "debt-free."

Are you kidding me?  Abraham Lincoln printed money out of thin air because he had to fund a (Civil) war that he didn't have the funds in which to conduct without doing so.

The term "debt free" is totally relative.

[greekfire]

"I'm fundamentally not bothered that money is printed out of thin air. What bothers me about monetary policy is that the money is not printed "debt-free."

Are you kidding me?  Abraham Lincoln printed money out of thin air because he had to fund a (Civil) war that he didn't have the funds in which to conduct without doing so.

The term "debt free" is totally relative.

[greekfire]

I think the data surrounding M3 was absent for a while, but recently has been collected by a private corporation. I think the underlying point here is that paper (fiat) money should be backed by tangible assets such as gold and silver, rather than be printed out of thin air.

[greekfire]

I think the data surrounding M3 was absent for a while, but recently has been collected by a private corporation. I think the underlying point here is that paper (fiat) money should be backed by tangible assets such as gold and silver, rather than be printed out of thin air.

[greekfire]

I think the data surrounding M3 was absent for a while, but recently has been collected by a private corporation. I think the underlying point here is that paper (fiat) money should be backed by tangible assets such as gold and silver, rather than be printed out of thin air.

[greekfire]

I think the data surrounding M3 was absent for a while, but recently has been collected by a private corporation. I think the underlying point here is that paper (fiat) money should be backed by tangible assets such as gold and silver, rather than be printed out of thin air.

[greekfire]

I think the data surrounding M3 was absent for a while, but recently has been collected by a private corporation. I think the underlying point here is that paper (fiat) money should be backed by tangible assets such as gold and silver, rather than be printed out of thin air.

[greekfire]

Don’t you realize that all of this talk of M0, M1, M2, M3, etc., is all a charade to obfuscate and over-complicate the issue of a fiat monetary system versus one that is backed by tangible assets, such as gold and silver?

[greekfire]

Don’t you realize that all of this talk of M0, M1, M2, M3, etc., is all a charade to obfuscate and over-complicate the issue of a fiat monetary system versus one that is backed by tangible assets, such as gold and silver?

[greekfire]

Don’t you realize that all of this talk of M0, M1, M2, M3, etc., is all a charade to obfuscate and over-complicate the issue of a fiat monetary system versus one that is backed by tangible assets, such as gold and silver?

[greekfire]

Don’t you realize that all of this talk of M0, M1, M2, M3, etc., is all a charade to obfuscate and over-complicate the issue of a fiat monetary system versus one that is backed by tangible assets, such as gold and silver?

[greekfire]

Don’t you realize that all of this talk of M0, M1, M2, M3, etc., is all a charade to obfuscate and over-complicate the issue of a fiat monetary system versus one that is backed by tangible assets, such as gold and silver?

[greekfire]

I am no expert on Congressional testimonial sessions, but I don’t think it lends itself to a debate-style exchange of ideas. Committee members make their remarks, Mr. Bernanke gets to speak X minutes, the committee members give their responses/questions (all timed), and those testifying answer. Very structured, very formal. Ron Paul knows that everything said at these meetings is a matter of public record and he is trying to prove a point – our current fiat monetary system is failing, and will only get worse. We can’t expect to constantly print money on a whim and not suffer the effects of inflation and debasement of the dollar.

[greekfire]

I am no expert on Congressional testimonial sessions, but I don’t think it lends itself to a debate-style exchange of ideas. Committee members make their remarks, Mr. Bernanke gets to speak X minutes, the committee members give their responses/questions (all timed), and those testifying answer. Very structured, very formal. Ron Paul knows that everything said at these meetings is a matter of public record and he is trying to prove a point – our current fiat monetary system is failing, and will only get worse. We can’t expect to constantly print money on a whim and not suffer the effects of inflation and debasement of the dollar.

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