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urbanrealtor
Participant[quote=jficquette]Wealth can not be built without credit expanding.
If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.
All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.
A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.
John[/quote]
Please elaborate.Participant[quote=Bryan]Greek while you’re finding out how Panama fared without a central bank, no FDIC, and no currency of their own, check out the Swiss franc which was backed by gold until very recently.
The free market gave us Americans the high standard of living which some Chinese citizens are just now starting to enjoy, something that eluded the planners for decades.
Those genius Chinese government planners have just discovered
how to create wealth and raise the standard of living:
Just get out of the way.
[/quote]Uh no.
Have you known anyone trying to do business there now?Getting out of the way is a pretty creative take on their policies.
Participant[quote=Bryan]Greek while you’re finding out how Panama fared without a central bank, no FDIC, and no currency of their own, check out the Swiss franc which was backed by gold until very recently.
The free market gave us Americans the high standard of living which some Chinese citizens are just now starting to enjoy, something that eluded the planners for decades.
Those genius Chinese government planners have just discovered
how to create wealth and raise the standard of living:
Just get out of the way.
[/quote]Uh no.
Have you known anyone trying to do business there now?Getting out of the way is a pretty creative take on their policies.
Participant[quote=Bryan]Greek while you’re finding out how Panama fared without a central bank, no FDIC, and no currency of their own, check out the Swiss franc which was backed by gold until very recently.
The free market gave us Americans the high standard of living which some Chinese citizens are just now starting to enjoy, something that eluded the planners for decades.
Those genius Chinese government planners have just discovered
how to create wealth and raise the standard of living:
Just get out of the way.
[/quote]Uh no.
Have you known anyone trying to do business there now?Getting out of the way is a pretty creative take on their policies.
Participant[quote=Bryan]Greek while you’re finding out how Panama fared without a central bank, no FDIC, and no currency of their own, check out the Swiss franc which was backed by gold until very recently.
The free market gave us Americans the high standard of living which some Chinese citizens are just now starting to enjoy, something that eluded the planners for decades.
Those genius Chinese government planners have just discovered
how to create wealth and raise the standard of living:
Just get out of the way.
[/quote]Uh no.
Have you known anyone trying to do business there now?Getting out of the way is a pretty creative take on their policies.
Participant[quote=Bryan]Greek while you’re finding out how Panama fared without a central bank, no FDIC, and no currency of their own, check out the Swiss franc which was backed by gold until very recently.
The free market gave us Americans the high standard of living which some Chinese citizens are just now starting to enjoy, something that eluded the planners for decades.
Those genius Chinese government planners have just discovered
how to create wealth and raise the standard of living:
Just get out of the way.
[/quote]Uh no.
Have you known anyone trying to do business there now?Getting out of the way is a pretty creative take on their policies.
Participant[quote=Bryan]
The system gets flooded with new money and sometimes
creates unsustainable production and employment. [/quote]The above quote is the only part of your post that made sense. The other parts (eg: cost of money) were predominantly inaccurate or at the very least, inane.
The point about Keynesian maneuvers having their limits over time is accurate and well-taken.
The stagflation of the carter years is the best example of this limit.
Participant[quote=Bryan]
The system gets flooded with new money and sometimes
creates unsustainable production and employment. [/quote]The above quote is the only part of your post that made sense. The other parts (eg: cost of money) were predominantly inaccurate or at the very least, inane.
The point about Keynesian maneuvers having their limits over time is accurate and well-taken.
The stagflation of the carter years is the best example of this limit.
Participant[quote=Bryan]
The system gets flooded with new money and sometimes
creates unsustainable production and employment. [/quote]The above quote is the only part of your post that made sense. The other parts (eg: cost of money) were predominantly inaccurate or at the very least, inane.
The point about Keynesian maneuvers having their limits over time is accurate and well-taken.
The stagflation of the carter years is the best example of this limit.
Participant[quote=Bryan]
The system gets flooded with new money and sometimes
creates unsustainable production and employment. [/quote]The above quote is the only part of your post that made sense. The other parts (eg: cost of money) were predominantly inaccurate or at the very least, inane.
The point about Keynesian maneuvers having their limits over time is accurate and well-taken.
The stagflation of the carter years is the best example of this limit.
Participant[quote=Bryan]
The system gets flooded with new money and sometimes
creates unsustainable production and employment. [/quote]The above quote is the only part of your post that made sense. The other parts (eg: cost of money) were predominantly inaccurate or at the very least, inane.
The point about Keynesian maneuvers having their limits over time is accurate and well-taken.
The stagflation of the carter years is the best example of this limit.
Participant[quote=barnaby33]
If you can’t fuck it, eat it, or use it to keep you warm, its not truly money. Fat chicks are the ultimate currency. Everything else is just a metaphor.
Josh[/quote]
I can’t believe you turned my argument into a Joseph Francis quote.I mean really.
Participant[quote=barnaby33]
If you can’t fuck it, eat it, or use it to keep you warm, its not truly money. Fat chicks are the ultimate currency. Everything else is just a metaphor.
Josh[/quote]
I can’t believe you turned my argument into a Joseph Francis quote.I mean really.
Participant[quote=barnaby33]
If you can’t fuck it, eat it, or use it to keep you warm, its not truly money. Fat chicks are the ultimate currency. Everything else is just a metaphor.
Josh[/quote]
I can’t believe you turned my argument into a Joseph Francis quote.I mean really.
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