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Thread: Rand Paul wins, and libertarians rejoice

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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by Kandahar View Post
    The gold standard is the most obvious (although by no means the only) example.
    Details please
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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by chevydriver1123 View Post
    Details please
    A gold standard hampers our ability to use the single most effective weapon we have to fight recessions: Monetary policy. The Fed can't change the gold supply, but they can change the money supply as circumstances merit.

    Ron Paul's view on the gold standard isn't merely wrong. It's spectacularly wrong. Not many serious economists even suggest the gold standard as a serious policy idea anymore, and for good reason.
    Last edited by Kandahar; 05-19-10 at 01:26 AM.
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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by Kandahar View Post
    A gold standard hampers our ability to use the single most effective weapon we have to fight recessions: Monetary policy. The Fed can't change the gold supply, but they can change the money supply as circumstances merit.

    Ron Paul's view on the gold standard isn't merely wrong. It's spectacularly wrong. Not many serious economists even suggest the gold standard as a serious policy idea anymore, and for good reason.
    Absolutely right, Kandahar! Inflate the value of the...

    Oh, wait, I almost forgot...



    That didn't work out too well for interbellum Germany, did it?

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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by Black_Zawisza View Post
    Absolutely right, Kandahar! Inflate the value of the...

    Oh, wait, I almost forgot...



    That didn't work out too well for interbellum Germany, did it?
    Yeah, because clearly there's no difference between having an inflation rate of a few percent annually in order to fight unemployment, and having an inflation rate of 30,000% per month.
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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by Kandahar View Post
    Yeah, because clearly there's no difference between having an inflation rate of a few percent annually in order to fight unemployment, and having an inflation rate of 30,000% per month.
    If deflation never occurs, then how is such a situation not inevitable?

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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by Black_Zawisza View Post
    If deflation never occurs, then how is such a situation not inevitable?
    Huh? Why would it be inevitable? I'm not following your logic here. The Fed controls the money supply, so as long as they don't double the money supply every 3 days like Weimar Germany did, it's not going to happen.
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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by Kandahar View Post
    Huh? Why would it be inevitable? I'm not following your logic here. The Fed controls the money supply, so as long as they don't double the money supply every 3 days like Weimar Germany did, it's not going to happen.
    I don't claim to be a professional economist, but if you start with a 1913 dollar and then continuously print money over the course of a century until a 2010 dollar is worth $.04 in 1913 money, and then continue to print more money until a century later $1 is worth $.0016 in 1913 dollars, and so on until we're in the year 2510, how much money will it take to buy a hotdog? An aircraft carrier-full?
    Last edited by Black_Zawisza; 05-19-10 at 03:15 AM.

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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by Black_Zawisza View Post
    I don't claim to be a professional economist, but if you start with a 1913 dollar and then continuously print money over the course of a century until a 2010 dollar is worth $.04 in 1913 money, and then continue to print more money until a century later $1 is worth $.0016 in 1913 dollars, and so on until we're in the year 2510, how much money will it take to buy a hotdog? An aircraft carrier-full?
    That's hardly comparable to Weimar Germany. If it happens over a scale of a century instead of week, it isn't a problem.
    Last edited by Kandahar; 05-19-10 at 03:20 AM.
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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by Kandahar View Post
    A gold standard hampers our ability to use the single most effective weapon we have to fight recessions: Monetary policy. The Fed can't change the gold supply, but they can change the money supply as circumstances merit.

    Ron Paul's view on the gold standard isn't merely wrong. It's spectacularly wrong. Not many serious economists even suggest the gold standard as a serious policy idea anymore, and for good reason.
    The fact the the Feds cant **** around with the supply is one of the reasons to embrace a hard money policy. The reason our currency has devalued over the years is because the Fed creates money out of thin air.
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Rand Paul wins, and libertarians rejoice

    Quote Originally Posted by chevydriver1123 View Post
    I want some actual answers other than the bull**** I get from chickhawk, chicken**** neocons and ****tard liberals.

    I don't know about anyone else, but I'll tell ya, as a conservative, and have been one since I can remember, Dr. Paul's common sense approach to the constitution on matters of fiscal policy, and non intervention in foreign lands sounds like music to my ears.

    However, he plunges off the deep end when during his campaign, instead of running on those things and building a consensus through moderate delivery of libertarian philosophies, he knew that he was getting trounced against the other two idiots. So, what'd he do? He moved to the kooks for support. The Alex Jones conspiracy freaks, and closet anarchists that believe that everything is America's fault including 9/11, and we are ignoble as a nation.

    If he truly sees America that way, then our leader he can not be.


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