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 fireworks_god
SexyButt McDanger
Registered: 03/12/02
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 Re: Ron Paul's Economics  [Re: kristofer]
#8100568 - 03/04/08 07:48 AM (5 years, 3 months ago) |
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Quote:
kristofer said:
Basing value on the scarcity of a commodity doesn't stabilize value at all. If the commodity's scarcity changes so does value.
Is there even enough gold to represent the value of an economy the size of the United States? The only value gold has is the abstract value that human beings assign to it. Obviously it might have more valuable as a tangible thing, but, as you've demonstrated, a tangible thing has its limitations in representing value. If a money supply was properly managed, there wouldn't be anyone talking about a gold standard. I think there were depressions in the 1800's... is that right? 
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 bradmassive
KingOfTheHill
Registered: 11/03/07
Posts: 866
Loc: VA
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Quote:
fireworks_god said:
Quote:
bradmassive said:
Dude, thats a step toward a global economy. We don't want that.
Uh, there already is a global economy. We do want that; its the only reason why we won't war with China and they won't war with us. The economy is common ground that unites everyone on this planet. Have you heard of free trade?
Jesus, I meant global currency and I think you knew that.
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"In the beginning, I had no name. i was a shape, a snarling shadow of the Old World which slipped into this existence" - Steven Erikson
"Our progress as a species rests squarely on the shoulders of that tenth person. The nine are satisfied with things they are told are valuable. Person 10 determines for himself what has value." - My good friend Za -
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fireworks_god
SexyButt McDanger
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Re: Ron Paul's Economics [Re: bradmassive]
#8100795 - 03/04/08 10:25 AM (5 years, 3 months ago) |
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Actually I was skimming through and I thought that is what you meant. 
Okay, so as someone who hasn't read into the matter at all, tell me why you think we don't want a global currency. 
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If I should die this very moment
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Loving every breath of you
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bradmassive
KingOfTheHill
Registered: 11/03/07
Posts: 866
Loc: VA
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Global currency is one step closer to a global bank and centralization of power leading to global government. I have a hard time believing that a global currency or global government would be feasible given the vast number of political and economic issues involved.
There are so many problems with it not least that global currency would undermine national sovereignty. National sovereignty is integral to maintaining healthy political and trade relations with other nations.
So thats what I think about that.
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"In the beginning, I had no name. i was a shape, a snarling shadow of the Old World which slipped into this existence" - Steven Erikson
"Our progress as a species rests squarely on the shoulders of that tenth person. The nine are satisfied with things they are told are valuable. Person 10 determines for himself what has value." - My good friend Za -
Edited by bradmassive (03/04/08 11:10 AM)
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fireworks_god
SexyButt McDanger
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Re: Ron Paul's Economics [Re: bradmassive]
#8100905 - 03/04/08 11:09 AM (5 years, 3 months ago) |
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I thought there already was a world bank? 
But yeah, I was just interested in your thoughts on the matter, I really don't have a stance one way or another on the whole global government thing.
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If I should die this very moment
I wouldn't fear
For I've never known completeness
Like being here
Wrapped in the warmth of you
Loving every breath of you
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bradmassive
KingOfTheHill
Registered: 11/03/07
Posts: 866
Loc: VA
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..
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"In the beginning, I had no name. i was a shape, a snarling shadow of the Old World which slipped into this existence" - Steven Erikson
"Our progress as a species rests squarely on the shoulders of that tenth person. The nine are satisfied with things they are told are valuable. Person 10 determines for himself what has value." - My good friend Za -
Edited by bradmassive (03/04/08 02:31 PM)
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kristofer
Oneironaut
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Loc: Indianapolis
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Re: Ron Paul's Economics [Re: bradmassive]
#8101005 - 03/04/08 12:05 PM (5 years, 3 months ago) |
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Quote:
Global currency is one step closer to a global bank and centralization of power leading to global government. I have a hard time believing that a global currency or global government would be feasible given the vast number of political and economic issues involved.
A gold standard isn't going to change globalization. Capitalists are always looking to hoard another dollar, and exploiting the labor markets in developing countries is an easy way to turn a profit.
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Neanderthal
Philosopher
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 Re: Ron Paul's Economics [Re: kristofer]
#8101525 - 03/04/08 03:09 PM (5 years, 3 months ago) |
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Quote:
kristofer said:
exploiting the labor markets in developing countries is an easy way to turn a profit.
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kristofer
Oneironaut
Registered: 01/01/06
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Loc: Indianapolis
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Re: Ron Paul's Economics [Re: Neanderthal]
#8103316 - 03/04/08 10:47 PM (5 years, 3 months ago) |
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I didn't say it wasn't necessary for a developing capitalist economy. It doesn't make it right though.
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dewbie dewbie dew
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kahmura
BADBADNOTGOOD
Registered: 02/26/12
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Re: Ron Paul's Economics [Re: Wolfgang]
#16414194 - 06/21/12 02:29 PM (11 months, 22 days ago) |
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Where to begin. first of all this is a complete myth when you say we have had unqualified success for the past 25 years because you have nothing to compare that growth too( a system of laissez faire markets/ sound monetary policy.) what a fiat currency creates in monetary systems and Keynesian policy is something called the business cycle. the fed controls the interest rates at which the banks make loans from the fed. for years the fed kept the interest rates below one percent or around there flooding the markets with easily accessible credit causing a credit boom. this is basic Keynesian theory. under Keynesian theory to encourage growth you must create easy credit. however there are MAJOR flaws with this system. first off when the fed loans out the money, the money doesn't come from already circulating capital meant for centralized reinvestment( as Keynes himself originally intended), it comes from thin air. to make the situation even worse, the banks only are required to hold ten percent of the capital they claim to posses and can therefore go and lend the other 90% out. this is called fractional reserve baking. this is a recipe for hyperinflation causing our purchasing power to decrease and prices to increase. but even the feds themselves realize this and therefore they must eventually raise interest rates. this creates the business cycle. easy credit floods markets(called quantitative easing, usually practiced after a bust), short term growth, interest rates rise, creditors can't supply investors with original loan, borrowers default, bubble bursts and the cycle restarts. these cycles are getting worse and worse as time progresses.
The cycles must come to end eventually because of two reasons. if we decide to keep inflating the money supply we will suffer an inflationary implosion. the other much more likely scenario which will play out in the coming years is that we will keep borrowing more and more causing the rising powers of the east to take us off the world reserve currency status which allows us to print as much money as we want. when that happens all hell breaks loose. we will no longer be able to finance our debt causing all sorts of obvious problems.
i hope that explains to you why Keynesian policy is BAD and so is the fed( which is a fucking private bank looking out for its friends.). what we need is to remove the monopoly on monetary policy they control. we need parallel currency competition, with gold standard or other wise( by the way gold standards are immune to the business cycle pretty much because it pegs the value and encourages steady economic growth along with saving and smart investment). the fed isn't the only problem however. there is also the disgusting convoluted monster our government has become. if we really want economic growth we need to remove all the special interest regulation we have and allow the wonderful forces of natural selection, competition, contractual agreement, VOLUNTARY association and the free market do its work unhindered by an out of control central governments ridiculous economic intervention that only results in negative unintended consequences.
ron paul follows Austrian economics a much more logical and liberty minded school of thought. if you want to know more about Austrian economics you should research it or read hayek etc. or just simply study libertarian philosophy:thumb up: hope this helped
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 starfire_xes
Living colors,,,,
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Re: Ron Paul's Economics [Re: kahmura]
#16416572 - 06/21/12 09:22 PM (11 months, 22 days ago) |
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Kenyan economics doesnt work.
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