I forgot the rule that says only liberals are allowed to say that some of the ideas of the founders were full of shit.
Yes, I disapprove of the government printing hundreds of billions of dollars out of nothing. They're doing it right now. They have to do this to stay in power. The results are likely to be what they've always been when a government tries to print its way out of economic stupidity.
It take a hundred dollars now to buy what it took about $3.50 to buy in 1900. A dollar right now is worth what 40 cents was when Reagan was elected.
Money is intended to represent some form of real wealth in a portable way. Gold, silver, eggs, corn, whatever. It's convenient when the money has intrinsic value, like gold coins, but it isn't essential. When economic idiots turn it into a complete abstraction, the results are always the same.
Flame » in reply to I have read the Founders, TB. I have read Hamilton, TB. And you, TB, are no Founder
Oh, sorry.
The whole thread (36 posts)
- An essay on finance capital
- Real capitalists.
- In the first part you left out something.
- Google QE3, see what you think n/t
- It's turtles all the way down
- It had something to do with the Andrew Jackson Administration, didn't it?.
- Control and abuse
- A lot of truth but banks allow us to pay over time. We voluntarily enter into contract to finance houses and businesses. I wouldn't want save and wait 30 years to buy a house. n/t