Huntsman, Huntsman, Huntsman, Huntsman!

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Do you understand that money is finite?

You've got to be the dumbest poster on this site.

You think the money supply is infinite?

[06wildcat]

Do you understand that money is finite?

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.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Do you understand that money is finite?

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 

No wonder libs don't get economics. 

[06wildcat]

So what's the limit of the money supply FSD? If it's finite, there's a hard number out there.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

So what's the limit of the money supply FSD? If it's finite, there's a hard number out there.

 

Do you understand that money is finite?

You've got to be the dumbest poster on this site.

 

[06wildcat]

Terrible tap out, even for you.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

I can't stop making myself look like a Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!).

 

[06wildcat]

I'm just so stupid FSD, please tell me how money is finite.

[pike]

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.

[06wildcat]

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.

If you're pissed about that, you'll be super pissed when you see the actual AP captions for those.

[john "teach me how to" dougie]

Its interesting that Ron Paul won't say what the exchange was about, but you would think if it was mean spirited he would.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

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.

[06wildcat]

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.

 

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.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

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.

 

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???   

[06wildcat]

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.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

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.

[06wildcat]

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.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

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

[06wildcat]

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.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

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

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

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.

[06wildcat]

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.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

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.

[06wildcat]

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.

  Go on. JFC you're Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!).

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

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.

  Go on. JFC you're Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!).

holy crap