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General Discussion => The New Joe Montgomery Birther Pit => Topic started by: Kat Kid on September 07, 2011, 07:33:01 PM
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Will be voting for him in the Kansas presidential caucus.
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:love: :love: :love: :love: :love:
Huntsman! Huntsman! Huntsman! Huntsman! Huntsman!
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"I CAN BUY A GALLON OF GAS WITH A SILVER DIME!!! IT IS WORTH $3.57!!!!" -Ron Paul
YESSS!!!!
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"I CAN BUY A GALLON OF GAS WITH A SILVER DIME!!! IT IS WORTH $3.57!!!!" -Ron Paul
YESSS!!!!
Is this an actual quote from tonight. If so he's got my vote. :lol:
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"I CAN BUY A GALLON OF GAS WITH A SILVER DIME!!! IT IS WORTH $3.57!!!!" -Ron Paul
YESSS!!!!
Is this an actual quote from tonight. If so he's got my vote. :lol:
Yes. This whole thing is a snooze fest though :zzz:
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"I CAN BUY A GALLON OF GAS WITH A SILVER DIME!!! IT IS WORTH $3.57!!!!" -Ron Paul
YESSS!!!!
Is this an actual quote from tonight. If so he's got my vote. :lol:
literally every single moron on the stage excluding Huntsman thinks that Bernacke is responsible for runaway inflation. These people have no grasp of reality. Do they know what U.S. bond rates are? Are they familiar with the CPI? Who the hell are their economic advisors and why aren't they openly mocked by any college educated person?
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Yeah Tortuga! We don't have inflation, stuff just costs more! :comeatme:
Question for Tortuga: If the CPI (or US Bond rates :facepalm:) said we have inflation, who's fault would it be????
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http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ (http://www.usinflationcalculator.com/inflation/historical-inflation-rates/)
http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/ (http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/)
Negative real interest rates all the way up to 10 yr bonds. We should be stimulating the economy.
-
"I CAN BUY A GALLON OF GAS WITH A SILVER DIME!!! IT IS WORTH $3.57!!!!" -Ron Paul
YESSS!!!!
Is this an actual quote from tonight. If so he's got my vote. :lol:
literally every single moron on the stage excluding Huntsman thinks that Bernacke is responsible for runaway inflation. These people have no grasp of reality. Do they know what U.S. bond rates are? Are they familiar with the CPI? Who the hell are their economic advisors and why aren't they openly mocked by any college educated person?
Huntsman would make a very good president. Too bad he's too sane to win the nom.
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http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ (http://www.usinflationcalculator.com/inflation/historical-inflation-rates/)
http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/ (http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/)
Negative real interest rates all the way up to 10 yr bonds. We should be stimulating the economy.
Speaking of externalities, how can you totally ignore the global flight of cash and capital to US bonds when assessing US inflation??? Maybe we should check out the price of commodities and compare??? Or perhaps blue chip stocks??? Those ought to be great metrics to assess the costs of goods or capital, amirite?
CPI even shows we're outside are target inflation rate of 2-3%
You aren't actually proposing that because the US can borrow at a low rate we should??? What's the US Fed Govt. ROI??? I bet it's lower than US bond rates.
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http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ (http://www.usinflationcalculator.com/inflation/historical-inflation-rates/)
http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/ (http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/)
Negative real interest rates all the way up to 10 yr bonds. We should be stimulating the economy.
Speaking of externalities, how can you totally ignore the global flight of cash and capital to US bonds when assessing US inflation??? Maybe we should check out the price of commodities and compare??? Or perhaps blue chip stocks??? Those ought to be great metrics to assess the costs of goods or capital, amirite?
CPI even shows we're outside are target inflation rate of 2-3%
You aren't actually proposing that because the US can borrow at a low rate we should??? What's the US Fed Govt. ROI??? I bet it's lower than US bond rates.
I'm not, and neither is the interest rate you dolt. It is why S&P's downgrade was ridiculous. Investors at every level are finding US bonds a necessary check against instability even now. I'm suggesting that because there is a clear lack of demand. Just because Perry says that Keynesian economics are dead doesn't mean he knows what he's talking about.
Commodity prices and stocks are horrible measures of inflation because they are incredibly volatile. That's why CPI was created to measure CONSUMER inflation. People with no jobs don't buy things, we all agree on that. So....I'm proposing more government investment in capital improvements and infrastructure would help create much of the demand in many of the same industries that are being hurt by the housing boom.
The idea that Bernacke is some sort of mad scientist tossing dollars into the hearth of the runaway steam engine of inflation is something I thought only gold (and apparently now silver) worshippers like Paul would subscribe to. But instead that seems to be a plank on the presidential platform of the Republican party. Huntsman and maaaaybe Romney know this is idiotic, but Romney is willing to pander to it (Romney simultaneously wants to start a trade war with China!). Huntsman should continue to point out how stupid this all is.
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I think a lot of people made a lot of money on gold and silver.
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I like this huntsman feller. Interesting story with the whole madarin chinese speaking mormon who has a G.E.D. 06 is right though, tough to see him getting the nod.
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http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ (http://www.usinflationcalculator.com/inflation/historical-inflation-rates/)
http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/ (http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/)
Negative real interest rates all the way up to 10 yr bonds. We should be stimulating the economy.
Speaking of externalities, how can you totally ignore the global flight of cash and capital to US bonds when assessing US inflation??? Maybe we should check out the price of commodities and compare??? Or perhaps blue chip stocks??? Those ought to be great metrics to assess the costs of goods or capital, amirite?
CPI even shows we're outside are target inflation rate of 2-3%
You aren't actually proposing that because the US can borrow at a low rate we should??? What's the US Fed Govt. ROI??? I bet it's lower than US bond rates.
I'm not, and neither is the interest rate you dolt. It is why S&P's downgrade was ridiculous. Investors at every level are finding US bonds a necessary check against instability even now. I'm suggesting that because there is a clear lack of demand. This makes no sense, will not addressJust because Perry says that Keynesian economics are dead doesn't mean he knows what he's talking about.
Commodity prices and stocks are horrible measures of inflation because they are incredibly volatile. That's why CPI was created to measure CONSUMER inflation. People with no jobs don't buy things, we all agree on that. So....I'm proposing more government investment in capital improvements and infrastructure would help create much of the demand in many of the same industries that are being hurt by the housing boom.
The idea that Bernacke is some sort of mad scientist tossing dollars into the hearth of the runaway steam engine of inflation is something I thought only gold (and apparently now silver) worshippers like Paul would subscribe to. But instead that seems to be a plank on the presidential platform of the Republican party. Huntsman and maaaaybe Romney know this is idiotic, but Romney is willing to pander to it (Romney simultaneously wants to start a trade war with China!). Huntsman should continue to point out how stupid this all is.
If you don't think the Federal Reserve can cause inflation, you are a full blown Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!). Didn't watch the GOP debate, if they are alleging runaway inflation right now, they're pandering.
Capital Improvements :facepalm: OMG, you've got to be joking. Great idea, FDR. Let's just skip it, and fight WWIII NOW!!! 128 weeks of unemployment is enough wal-mart style stimulus. We don't need guys slugging out public librarys and town halls for the sake of doing something. We've borrowed enough and bloated the bureaucracy into a full blown leviathan. it's so big, we can't reduce the size of it without damaging the economy, all in the name of keynesian bullshit.
FYI, Keynsian economics is dead. It actually died years ago. Consumption based economies lead to our current situation. Catch up please.
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http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ (http://www.usinflationcalculator.com/inflation/historical-inflation-rates/)
http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/ (http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/)
Negative real interest rates all the way up to 10 yr bonds. We should be stimulating the economy.
Speaking of externalities, how can you totally ignore the global flight of cash and capital to US bonds when assessing US inflation??? Maybe we should check out the price of commodities and compare??? Or perhaps blue chip stocks??? Those ought to be great metrics to assess the costs of goods or capital, amirite?
CPI even shows we're outside are target inflation rate of 2-3%
You aren't actually proposing that because the US can borrow at a low rate we should??? What's the US Fed Govt. ROI??? I bet it's lower than US bond rates.
I'm not, and neither is the interest rate you dolt. It is why S&P's downgrade was ridiculous. Investors at every level are finding US bonds a necessary check against instability even now. I'm suggesting that because there is a clear lack of demand. Just because Perry says that Keynesian economics are dead doesn't mean he knows what he's talking about.
Commodity prices and stocks are horrible measures of inflation because they are incredibly volatile. That's why CPI was created to measure CONSUMER inflation. People with no jobs don't buy things, we all agree on that. So....I'm proposing more government investment in capital improvements and infrastructure would help create much of the demand in many of the same industries that are being hurt by the housing boom.
The idea that Bernacke is some sort of mad scientist tossing dollars into the hearth of the runaway steam engine of inflation is something I thought only gold (and apparently now silver) worshippers like Paul would subscribe to. But instead that seems to be a plank on the presidential platform of the Republican party. Huntsman and maaaaybe Romney know this is idiotic, but Romney is willing to pander to it (Romney simultaneously wants to start a trade war with China!). Huntsman should continue to point out how stupid this all is.
Words words words. BORING. Give me 9/9/9 Baby!
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he's a warmer :facepalm:
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http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ (http://www.usinflationcalculator.com/inflation/historical-inflation-rates/)
http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/ (http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/)
Negative real interest rates all the way up to 10 yr bonds. We should be stimulating the economy.
Speaking of externalities, how can you totally ignore the global flight of cash and capital to US bonds when assessing US inflation??? Maybe we should check out the price of commodities and compare??? Or perhaps blue chip stocks??? Those ought to be great metrics to assess the costs of goods or capital, amirite?
CPI even shows we're outside are target inflation rate of 2-3%
You aren't actually proposing that because the US can borrow at a low rate we should??? What's the US Fed Govt. ROI??? I bet it's lower than US bond rates.
I'm not, and neither is the interest rate you dolt. It is why S&P's downgrade was ridiculous. Investors at every level are finding US bonds a necessary check against instability even now. I'm suggesting that because there is a clear lack of demand. This makes no sense, will not addressJust because Perry says that Keynesian economics are dead doesn't mean he knows what he's talking about.
Commodity prices and stocks are horrible measures of inflation because they are incredibly volatile. That's why CPI was created to measure CONSUMER inflation. People with no jobs don't buy things, we all agree on that. So....I'm proposing more government investment in capital improvements and infrastructure would help create much of the demand in many of the same industries that are being hurt by the housing boom.
The idea that Bernacke is some sort of mad scientist tossing dollars into the hearth of the runaway steam engine of inflation is something I thought only gold (and apparently now silver) worshippers like Paul would subscribe to. But instead that seems to be a plank on the presidential platform of the Republican party. Huntsman and maaaaybe Romney know this is idiotic, but Romney is willing to pander to it (Romney simultaneously wants to start a trade war with China!). Huntsman should continue to point out how stupid this all is.
If you don't think the Federal Reserve can cause inflation, you are a full blown respect. Didn't watch the GOP debate, if they are alleging runaway inflation right now, they're pandering.
Capital Improvements :facepalm: OMG, you've got to be joking. Great idea, FDR. Let's just skip it, and fight WWIII NOW!!! 128 weeks of unemployment is enough wal-mart style stimulus. We don't need guys slugging out public librarys and town halls for the sake of doing something. We've borrowed enough and bloated the bureaucracy into a full blown leviathan. it's so big, we can't reduce the size of it without damaging the economy, all in the name of keynesian bullshit.
FYI, Keynsian economics is dead. It actually died years ago. Consumption based economies lead to our current situation. Catch up please.
I agree. If you think millions of workers, many of them with some skill, sitting on their ass is better than millions of workers doing something even if it requires government money. Well, then I don't know what to tell you. You clearly don't understand how to move the demand curve.
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we don't have any money :cry:
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http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ (http://www.usinflationcalculator.com/inflation/historical-inflation-rates/)
http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/ (http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/)
Negative real interest rates all the way up to 10 yr bonds. We should be stimulating the economy.
Speaking of externalities, how can you totally ignore the global flight of cash and capital to US bonds when assessing US inflation??? Maybe we should check out the price of commodities and compare??? Or perhaps blue chip stocks??? Those ought to be great metrics to assess the costs of goods or capital, amirite?
CPI even shows we're outside are target inflation rate of 2-3%
You aren't actually proposing that because the US can borrow at a low rate we should??? What's the US Fed Govt. ROI??? I bet it's lower than US bond rates.
I'm not, and neither is the interest rate you dolt. It is why S&P's downgrade was ridiculous. Investors at every level are finding US bonds a necessary check against instability even now. I'm suggesting that because there is a clear lack of demand. This makes no sense, will not addressJust because Perry says that Keynesian economics are dead doesn't mean he knows what he's talking about.
Commodity prices and stocks are horrible measures of inflation because they are incredibly volatile. That's why CPI was created to measure CONSUMER inflation. People with no jobs don't buy things, we all agree on that. So....I'm proposing more government investment in capital improvements and infrastructure would help create much of the demand in many of the same industries that are being hurt by the housing boom.
The idea that Bernacke is some sort of mad scientist tossing dollars into the hearth of the runaway steam engine of inflation is something I thought only gold (and apparently now silver) worshippers like Paul would subscribe to. But instead that seems to be a plank on the presidential platform of the Republican party. Huntsman and maaaaybe Romney know this is idiotic, but Romney is willing to pander to it (Romney simultaneously wants to start a trade war with China!). Huntsman should continue to point out how stupid this all is.
If you don't think the Federal Reserve can cause inflation, you are a full blown respect. Didn't watch the GOP debate, if they are alleging runaway inflation right now, they're pandering.
Capital Improvements :facepalm: OMG, you've got to be joking. Great idea, FDR. Let's just skip it, and fight WWIII NOW!!! 128 weeks of unemployment is enough wal-mart style stimulus. We don't need guys slugging out public librarys and town halls for the sake of doing something. We've borrowed enough and bloated the bureaucracy into a full blown leviathan. it's so big, we can't reduce the size of it without damaging the economy, all in the name of keynesian bullshit.
FYI, Keynsian economics is dead. It actually died years ago. Consumption based economies lead to our current situation. Catch up please.
I agree. If you think millions of workers, many of them with some skill, sitting on their ass is better than millions of workers doing something even if it requires government money. Well, then I don't know what to tell you. You clearly don't understand how to move the demand curve.
Stupid lib, demand is irrelevant. Everyone knows job creators would just create jobs if taxes were lower. Demand has nothing to do with it.
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he's a warmer :facepalm:
:lol:
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"I CAN BUY A GALLON OF GAS WITH A SILVER DIME!!! IT IS WORTH $3.57!!!!" -Ron Paul
YESSS!!!!
Is this an actual quote from tonight. If so he's got my vote. :lol:
literally every single moron on the stage excluding Huntsman thinks that Bernacke is responsible for runaway inflation. These people have no grasp of reality. Do they know what U.S. bond rates are? Are they familiar with the CPI? Who the hell are their economic advisors and why aren't they openly mocked by any college educated person?
Not all of us had a parent who was an economics professor dick.
-
"I CAN BUY A GALLON OF GAS WITH A SILVER DIME!!! IT IS WORTH $3.57!!!!" -Ron Paul
YESSS!!!!
Is this an actual quote from tonight. If so he's got my vote. :lol:
literally every single moron on the stage excluding Huntsman thinks that Bernacke is responsible for runaway inflation. These people have no grasp of reality. Do they know what U.S. bond rates are? Are they familiar with the CPI? Who the hell are their economic advisors and why aren't they openly mocked by any college educated person?
Not all of us had a parent who was an economics professor dick.
I had Rog Trenary, what more do you want?
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:surprised:
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http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ (http://www.usinflationcalculator.com/inflation/historical-inflation-rates/)
http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/ (http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/)
Negative real interest rates all the way up to 10 yr bonds. We should be stimulating the economy.
Speaking of externalities, how can you totally ignore the global flight of cash and capital to US bonds when assessing US inflation??? Maybe we should check out the price of commodities and compare??? Or perhaps blue chip stocks??? Those ought to be great metrics to assess the costs of goods or capital, amirite?
CPI even shows we're outside are target inflation rate of 2-3%
You aren't actually proposing that because the US can borrow at a low rate we should??? What's the US Fed Govt. ROI??? I bet it's lower than US bond rates.
I'm not, and neither is the interest rate you dolt. It is why S&P's downgrade was ridiculous. Investors at every level are finding US bonds a necessary check against instability even now. I'm suggesting that because there is a clear lack of demand. This makes no sense, will not addressJust because Perry says that Keynesian economics are dead doesn't mean he knows what he's talking about.
Commodity prices and stocks are horrible measures of inflation because they are incredibly volatile. That's why CPI was created to measure CONSUMER inflation. People with no jobs don't buy things, we all agree on that. So....I'm proposing more government investment in capital improvements and infrastructure would help create much of the demand in many of the same industries that are being hurt by the housing boom.
The idea that Bernacke is some sort of mad scientist tossing dollars into the hearth of the runaway steam engine of inflation is something I thought only gold (and apparently now silver) worshippers like Paul would subscribe to. But instead that seems to be a plank on the presidential platform of the Republican party. Huntsman and maaaaybe Romney know this is idiotic, but Romney is willing to pander to it (Romney simultaneously wants to start a trade war with China!). Huntsman should continue to point out how stupid this all is.
If you don't think the Federal Reserve can cause inflation, you are a full blown respect. Didn't watch the GOP debate, if they are alleging runaway inflation right now, they're pandering.
Capital Improvements :facepalm: OMG, you've got to be joking. Great idea, FDR. Let's just skip it, and fight WWIII NOW!!! 128 weeks of unemployment is enough wal-mart style stimulus. We don't need guys slugging out public librarys and town halls for the sake of doing something. We've borrowed enough and bloated the bureaucracy into a full blown leviathan. it's so big, we can't reduce the size of it without damaging the economy, all in the name of keynesian bullshit.
FYI, Keynsian economics is dead. It actually died years ago. Consumption based economies lead to our current situation. Catch up please.
I agree. If you think millions of workers, many of them with some skill, sitting on their ass is better than millions of workers doing something even if it requires government money. Well, then I don't know what to tell you. You clearly don't understand how to move the demand curve.
This is flat out nonsense. You either have no clue what you're talking about or are so all over the board that only you know what you're talking about. You jumped from attempting to explain inflation to proposing "capital expenditures because we have lots of constructions workers laying around" to attempting . . . something else :dunno:
These are all terrible short sited ideas that the country can't even afford. What did the millions of unemployed construction workers do before the enormous housing CRE bubbles? What are they going to do when were done capital expending? Do you understand that money is finite?
I assume you understand that when the demand curve moves right, prices goes up???
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Do you understand that money is finite?
:lol:
You've got to be the dumbest poster on this site.
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Do you understand that money is finite?
:lol:
You've got to be the dumbest poster on this site.
You think the money supply is infinite?
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Do you understand that money is finite?
:lol:
You've got to be the dumbest poster on this site.
You think the money supply is infinite?
With fiat currency, yes, it is. The powers that be can literally make it rain money from the sky if they wanted to.
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Do you understand that money is finite?
:lol:
You've got to be the dumbest poster on this site.
You think the money supply is infinite?
With fiat currency, yes, it is. The powers that be can literally make it rain money from the sky if they wanted to.
Dear god :facepalm:
No wonder libs don't get economics.
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So what's the limit of the money supply FSD? If it's finite, there's a hard number out there.
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So what's the limit of the money supply FSD? If it's finite, there's a hard number out there.
:lol: :lol:
Do you understand that money is finite?
:lol:
You've got to be the dumbest poster on this site.
:lol: :lol: :lol: :lol:
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Terrible tap out, even for you.
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I can't stop making myself look like a Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!).
:lol: :lol: :lol:
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I'm just so stupid FSD, please tell me how money is finite.
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Regarding the debate last night. Apparently this was during a commercial break and after Perry was pwnd he got all up in Pauls crap.
What a low life.
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fmcenter.slideshowpro.com%2Falbums%2F027%2F935%2Falbum-261681%2Fcache%2F090711_daypix18.sJPG_900_540_0_95_1_50_50.sJPG%3F1315452677&hash=afdadab9fab030671d65558f21a0ca6a4d1ccea0)
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fmedia.zenfs.com%2Fen_us%2FNews%2FReuters%2F2011-09-08T022735Z_01_LOA29_RTRIDSP_3_USA-CAMPAIGN-DEBATE.jpg&hash=2e381317896597247aae3cad47aab0f0444c180d)
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Regarding the debate last night. Apparently this was during a commercial break and after Perry was pwnd he got all up in Pauls crap.
What a low life.
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fmcenter.slideshowpro.com%2Falbums%2F027%2F935%2Falbum-261681%2Fcache%2F090711_daypix18.sJPG_900_540_0_95_1_50_50.sJPG%3F1315452677&hash=afdadab9fab030671d65558f21a0ca6a4d1ccea0)
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fmedia.zenfs.com%2Fen_us%2FNews%2FReuters%2F2011-09-08T022735Z_01_LOA29_RTRIDSP_3_USA-CAMPAIGN-DEBATE.jpg&hash=2e381317896597247aae3cad47aab0f0444c180d)
If you're pissed about that, you'll be super pissed when you see the actual AP captions for those.
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Its interesting that Ron Paul won't say what the exchange was about, but you would think if it was mean spirited he would.
http://www.youtube.com/watch?v=aso8d6vuqwk&feature=player_embedded (http://www.youtube.com/watch?v=aso8d6vuqwk&feature=player_embedded)
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I'm just so stupid FSD, please tell me how money is finite.
I know you are. That being the case, you're just going to have to trust me on this one.
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I'm just so stupid FSD, please tell me how money is finite.
I know you are. That being the case, you're just going to have to trust me on this one.
:lol:
As usual, you spout off bullshit, get called on it and can't defend your bullshit so you run an hide. What a rough ridin' pussy.
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I'm just so stupid FSD, please tell me how money is finite.
I know you are. That being the case, you're just going to have to trust me on this one.
:lol:
As usual, you spout off bullshit, get called on it and can't defend your bullshit so you run an hide. What a rough ridin' pussy.
Wait, you still actually believe money is infinite??? :lol: :lol: :lol:
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Considering the modern world is based upon an ever expanding money supply, yes. Goods are finite, money isn't. Would love to hear your reasoning as to why it isn't though.
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Considering the modern world is based upon an ever expanding money supply, yes. Goods are finite, money isn't. Would love to hear your reasoning as to why it isn't though.
Fiat money only has value to the extent there is faith in the underlying government backing it (or to the extent such government continues to exist). There is a limit to the amount that can be printed before the oversupply of currency destroys the underlying government and or the economy.
I know you understand that. Stop being a dumbass.
Found this on the interwebs
Chris Mack writes:
According to a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes.
The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it's worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value.
Given the undeniable track record of currencies, it is clear that on a long enough timeline the survival rate of all fiat currencies drops to zero.
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Considering the modern world is based upon an ever expanding money supply, yes. Goods are finite, money isn't. Would love to hear your reasoning as to why it isn't though.
Fiat money only has value to the extent there is faith in the underlying government backing it (or to the extent such government continues to exist). There is a limit to the amount that can be printed before the oversupply of currency destroys the underlying government and or the economy.
I know you understand that. Stop being a dumbass.
Found this on the interwebs
Chris Mack writes:
According to a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes.
The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it's worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value.
Given the undeniable track record of currencies, it is clear that on a long enough timeline the survival rate of all fiat currencies drops to zero.
OK, you're getting there slowly FSD. You've now learned that money's VALUE is finite. That's not the same thing as money being finite.
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Oh, you thought I was referring to money in a purely technical manner, just the idea of money, not the U.S. monetary system?!?!? Didn't realize you were reading outside the context of the general discourse in this thread.
Golly gee, what a mix up, my bad. Let's be friends mmmkay.
rough ridin' jackass
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Oh, you thought I was referring to money in a purely technical manner, just the idea of money, not the U.S. monetary system?!?!? Didn't realize you were reading outside the context of the general discourse in this thread.
Golly gee, what a mix up, my bad. Let's be friends mmmkay.
rough ridin' jackass
Well, yes. Because you said money is finite, you didn't say money's value is finite. You really should be more clear in your writing. Especially if you want to give lectures to people on here about their use of language. Dumbass.
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Oh, you thought I was referring to money in a purely technical manner, just the idea of money, not the U.S. monetary system?!?!? Didn't realize you were reading outside the context of the general discourse in this thread.
Golly gee, what a mix up, my bad. Let's be friends mmmkay.
rough ridin' jackass
Well, yes. Because you said money is finite, you didn't say money's value is finite. You really should be more clear in your writing. Especially if you want to give lectures to people on here about their use of language. Dumbass.
You're a rough ridin' moron. You made an ass out of yourself and this is the drivel you spew to cover for it. What a rough ridin' loser
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As if we were talking about the game monopoly, only if it had a central bank and a clearing house.
My god 06, you've made a fool of yourself.
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No, you've done your usual temper-tantrum pissing match. I'm just pointing out how big of a drooling dumbass you are for it. Hope that helps. BTW, money is still infinite.
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You're wrong. You have been proved wrong. You are hanging on to the idea that money without value is still money. Money is a medium of exchange, without value it does not exist as money because it cannot be used in exchange for goods and services.
You are actually doing a disservice to the Birther Pit with your stupidity. You are a stereotypical mindless liberal. A walking, talking, mammal, who lives to eat, sleep and crap.
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You're wrong. You have been proved wrong. You are hanging on to the idea that money without value is still money. Money is a medium of exchange, without value it does not exist as money because it cannot be used in exchange for goods and services.
You are actually doing a disservice to the Birther Pit with your stupidity. You are a stereotypical mindless liberal. A walking, talking, mammal, who lives to eat, sleep and crap.
:lol: Go on. JFC you're Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!).
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You're wrong. You have been proved wrong. You are hanging on to the idea that money without value is still money. Money is a medium of exchange, without value it does not exist as money because it cannot be used in exchange for goods and services.
You are actually doing a disservice to the Birther Pit with your stupidity. You are a stereotypical mindless liberal. A walking, talking, mammal, who lives to eat, sleep and crap.
:lol: Go on. JFC you're Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!).
holy crap
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I have no idea what you retards are blathering about, but I also <3 Huntsman. :thumbs:
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http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ (http://www.usinflationcalculator.com/inflation/historical-inflation-rates/)
http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/ (http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/)
Negative real interest rates all the way up to 10 yr bonds. We should be stimulating the economy.
Speaking of externalities, how can you totally ignore the global flight of cash and capital to US bonds when assessing US inflation??? Maybe we should check out the price of commodities and compare??? Or perhaps blue chip stocks??? Those ought to be great metrics to assess the costs of goods or capital, amirite?
CPI even shows we're outside are target inflation rate of 2-3%
You aren't actually proposing that because the US can borrow at a low rate we should??? What's the US Fed Govt. ROI??? I bet it's lower than US bond rates.
I'm not, and neither is the interest rate you dolt. It is why S&P's downgrade was ridiculous. Investors at every level are finding US bonds a necessary check against instability even now. I'm suggesting that because there is a clear lack of demand. This makes no sense, will not addressJust because Perry says that Keynesian economics are dead doesn't mean he knows what he's talking about.
Commodity prices and stocks are horrible measures of inflation because they are incredibly volatile. That's why CPI was created to measure CONSUMER inflation. People with no jobs don't buy things, we all agree on that. So....I'm proposing more government investment in capital improvements and infrastructure would help create much of the demand in many of the same industries that are being hurt by the housing boom.
The idea that Bernacke is some sort of mad scientist tossing dollars into the hearth of the runaway steam engine of inflation is something I thought only gold (and apparently now silver) worshippers like Paul would subscribe to. But instead that seems to be a plank on the presidential platform of the Republican party. Huntsman and maaaaybe Romney know this is idiotic, but Romney is willing to pander to it (Romney simultaneously wants to start a trade war with China!). Huntsman should continue to point out how stupid this all is.
If you don't think the Federal Reserve can cause inflation, you are a full blown respect. Didn't watch the GOP debate, if they are alleging runaway inflation right now, they're pandering.
Capital Improvements :facepalm: OMG, you've got to be joking. Great idea, FDR. Let's just skip it, and fight WWIII NOW!!! 128 weeks of unemployment is enough wal-mart style stimulus. We don't need guys slugging out public librarys and town halls for the sake of doing something. We've borrowed enough and bloated the bureaucracy into a full blown leviathan. it's so big, we can't reduce the size of it without damaging the economy, all in the name of keynesian bullshit.
FYI, Keynsian economics is dead. It actually died years ago. Consumption based economies lead to our current situation. Catch up please.
I agree. If you think millions of workers, many of them with some skill, sitting on their ass is better than millions of workers doing something even if it requires government money. Well, then I don't know what to tell you. You clearly don't understand how to move the demand curve.
Stupid lib, demand is irrelevant. Everyone knows job creators would just create jobs if taxes were lower. Demand has nothing to do with it.
So, if the govt could create all of these jobs, why don't they just do it? I mean, why would we ever have unemployment if the govt could just pull the magic job producing switch?
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So, if the govt could create all of these jobs, why don't they just do it? I mean, why would we ever have unemployment if the govt could just pull the magic job producing switch?
Because no one is arguing that the government should step in an hire every unemployed person, even now. What we're saying is that now is a very good time to shift consumption of certain things to right now. That largely relates to repairing/building new infrastructure because it's a long-term investment that will continue paying dividends into the future.
We've got borrowing costs below the rate of inflation, cheap labor and materials and lots and lots of infrastructure that needs work.
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So, if the govt could create all of these jobs, why don't they just do it? I mean, why would we ever have unemployment if the govt could just pull the magic job producing switch?
Because no one is arguing that the government should step in an hire every unemployed person, even now. What we're saying is that now is a very good time to shift consumption of certain things to right now. That largely relates to repairing/building new infrastructure because it's a long-term investment that will continue paying dividends into the future.
We've got borrowing costs below the rate of inflation, cheap labor and materials and lots and lots of infrastructure that needs work.
The depth of the labor and capital markets analysis in this post is breathtaking. IT'S A NO BRAINER GUYS!!!
I think they should print more money and double down on the highway, road and bridge projects that were so bountiful the first time they were undertaken 2 years ago under ARRA. :thumbs:
Would make a great dancing bug cartoon :comeatme:
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i like huntsman :thumbs:
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i like huntsman :thumbs:
This is why he has absolutely no shot.
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i like huntsman :thumbs:
This is why he has absolutely no shot.
agreed :comeatme:
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I'm just so stupid FSD, please tell me how money is finite.
I know you are. That being the case, you're just going to have to trust me on this one.
:lol:
As usual, you spout off bullshit, get called on it and can't defend your bullshit so you run an hide. What a rough ridin' pussy.
Wait, you still actually believe money is infinite??? :lol: :lol: :lol:
When do you expect people to stop printing money?
:confused: