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Quote by: osborn Show me how that has worked since 1913, and where it ended up?
The whole point isn't about easier, it is about keeping wealth where it belongs, which is in the hands of the people; Fiat, is worthless. |
what i've suggested hasn't been attempted. if it were made law, and if the law was followed, do you agree/disagree with my comments regarding its effects on inflation? but, the paygo rule during clinton's presidency was very close to what i want, and it produced huge budget surplusses which clinton intended to use to eliminate our foreign-held debt within a decade...
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Quote by: osborn Regardless of the fiat vs gold comparison, you neglect to address the overall issue with WHY the government chose to go to fiat, as opposed to gold, which was raising revenue without expectation.
The government adopted fiat, because it could profit without accountability for the money, and in 1929, under the DESIGNED depression, people weren't in much of a position for bargaining when the New Deal was brought up, and Gold was STOLEN BACK by the government from the people. |
no, as i stated, adherence to the gold standard resulted in chronic pricing panics. the creation of fiat ended these types of panics. the ww2 era aside, the government had a strong record of fiscal austerity as opposed to irresponsibility. if your conspiracy theory were true, the government would have continually ran large deficits since fiat's creation, but this is hardly the case. it wasn't until the supply side cult entered the picture until the government began to run up ridiculous deficits (small deficits are entirely acceptable and easily financed - and therefore are immaterial imo).
your consipracy theory doesn't hold water when you look at the time between the 40's and 70's where the government kept spending in check.
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Quote by: osborn That would be a mission accomplished. |
no, that would be unacceptable - and virtually everyone with any sort of cash/stock assets would agree with me. and i see your argument as even more disingenuous, especially considering that you don't have any savings to speak of (based on what you've publicly stated in previous threads). i've been working my ass off to build up my savings, and no gold bug's pipe dream will dissolve those savings without meeting serious resistance - especially when there is a better, more feasible alternative available.