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sdduuuude
Participant[quote=markmax33]I am writing this because I want to inspire people against the long term affects keynsian economics before the currency goes kaput.[/quote]
I think you underestimate the knowledge and awareness of people on this blog.
Participant[quote=markmax33]I think if you care about your kids you should care about the next 100 years of our currency. I think if you talk about 5 year or 10 year expectations and ignore that history shows every fiat currency fails you are setting up unreasonable expectations for your kids. I’m not calling you a bad parent as 99% of America probably haven’t looked at fiat currencies.[/quote]
Just so you know – I’m a marginal fan of Ron Paul. I understand and agree with everything you say about FIAT currencies. Love the gold standard. I understand that more money means a devalued currency.
However, the tie between the current increase in money supply and “exploding inflation” has not been made due to other circumstances you are ignoring. Econ prof argued it fairly well.
I have no decisions to make regarding hyperinflation right now. It isn’t impending and it isn’t looming. When it looms, I have the wherewithal to adjust my portfolio as necessary. Currently, it is not necessary.
Being correct now about an event that happens in 50 years is not worth much to me.
Making a call for an event to happen sooner when it actually happens later is called “being wrong.”
And, if you offer no timeline, you can never be right or wrong, though I guess you can somehow still be “credible”.
Participant[quote=markmax33][quote=sdduuuude][quote=pri_dk]My doctor told me I will die, but he doesn’t know when.
I guess that makes him credible.
But not very useful.[/quote]Right there with ya on that one.
By the way, I predict 5 solid years of no hyperinflation in the US Dollar and thus ends my argument.[/quote]
How long do you plan to live sdduuuuude? Got any kids? Care about them? Do you have any nephews or nieces?[/quote]
Your questions are meaningless to the point that I simply think you are wrong. Or, if you are right and simply unwilling to offer a timeline, you are too early for me to make any material decisions based on your expectations.
That I think you are wrong has little to do with how much I care about my kids.
Careful – you are treading on thin ice there.
I think I’m starting to understand this “effective name-calling” thing. Did you “effectively” call me an uncaring father simply because I don’t agree with you?
Participant[quote=pri_dk]My doctor told me I will die, but he doesn’t know when.
I guess that makes him credible.
But not very useful.[/quote]Right there with ya on that one.
By the way, I predict 5 solid years of no hyperinflation in the US Dollar and thus ends my argument.
Participant[quote=markmax33]… he is discrediting me and effectively calling me names.[/quote]
Ah. “Effective Name-calling” is not a technique I am familiar with. Must be more advanced name-calling that I ever learned. That econ prof is a smart one.
I prefer the direct name-calling, such as “You are a poo-poo head”.
Suggest you learn some tact, which I define as “making a point without making an enemy” and argue your points without getting so defensive.
Still waiting for that prediction. No better way to prove a point than to make an accurate prediction.
December 1, 2011 at 10:03 AM in reply to: People who can’t afford their house but get to keep it?! #733734Participant[quote=UCGal]It’s very frustrating.
There’s moral hazard everywhere around us.
There are no consequences for bad decisions.From the banks who gave out crappy loans to the buyers who bought more than they could reasonably afford. Neither side is paying the price for these stupid transactions.[/quote]
I’m so right there with you.
Participant[quote=briansd1]I don’t like the bi in billion because that implies two and the tri in trillion implies three. [/quote]
You have to think like an engineer in groups of 3 orders of magnitude:
1,000 is the 0th level.
1,000,000 is the 1st level.
1,000,000,000 is the 2nd level
1,000,000,000,000 is the 3rd level, etc.
Would probably be cleaner to call 0 – 999 the 0th level and 1,000 the 1st level (million) and 1,000,000 a billion, 1,000,000,000 a trillion.
ParticipantMarxman has argued his point with some data, some history and alot of whining about how mean people are to him.
[quote=markmax33][quote=EconProf]Markmax33, I’m afraid that, in general, you are making overly sweeping generalizations based on too little, or simply weak, data.[/quote]
Okay you are calling names and offering no facts here. I offer 775 currencies, a list of all of them and the data is weak and you have offered nothing to the arguement.[/quote]
(Really – did Econ Prof call you a name? Seriously, dude)
Time to put up or shut-up, marxman. Make a prediction here and now. When and to what level will inflation rise ?
Keep in mind – hyperinflation alarmists have predicted 20 of the last 3 hyperinflationary events.
Participant[quote=paramount][quote=SK in CV][quote=sdduuuude]The graph shows 7 years of money supply increase.
Inflation has, in that 7 years, been unremarkable.Seems if the increase in money supply was going to cause major inflation, we would see some movement by now. Something else must be in effect.
I’m with Arraya and Econ Prof on this one.[/quote]
[/quote]
An otherwise bad economy is almost always a price inflation killer.[/quote]
I was thinking the other side of the coin is the deleveraging that has and will continue to occur.
I wonder how many of those currencies that failed due to hyperinflation failed smack-dab in the middle of a world-wide deleveraging cycle.
Participant[quote=pri_dk]I predict that you will keep spamming this forum with Ron Paul fanboy propaganda and made-up economic “facts.”[/quote]
Snicker.
ParticipantThe graph shows 7 years of money supply increase.
Inflation has, in that 7 years, been unremarkable.Seems if the increase in money supply was going to cause major inflation, we would see some movement by now. Something else must be in effect.
I’m with Arraya and Econ Prof on this one.
ParticipantI use getdropbox.com – not so much for backups but for automatic transport of files from home machine to work machine to any mahine. Have used it for cooperative projects where multiple people share multiple files. It works well. It’s free. Probalby not free to get enough space to backup data.
November 21, 2011 at 10:31 AM in reply to: Health Care: What do you think about Walmart’s(etc) smokers and fat tax for workers #733307Participant[quote=GH]Or a brown TAX OR a black tax or an old tax or a young tax. No doubt there are a lot or contributing factors to health care costs. Apparently blacks are more likely to get sickle cell anemia. That ALONE justifies a higher premium right?[/quote]
I think the distinction is that one can choose to not smoke. One cannot choose to be not black.
From a dollars and cents point-of-view, yes it justifies it, but it creates no incentive to change the thing that is causing the increased risk.
November 21, 2011 at 10:24 AM in reply to: Excellent Economist Mag. article on CA’s Gov. retiree Pension problems #733306Participant[quote=UCGal]I may be opening up a can of worms here but…..
SS is a defined benefit retirement program. Does everyone here who argues against defined benefit plans want to give up their SS?[/quote]
Absolutely !
You say “give up their SS” but really that also means “giving up paying into the SS system and letting someone else manage my money.”
Can I have all the money back that I have paid in, then ?
I’m self-employed so I pay double, by the way.
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