tag:blogger.com,1999:blog-5774317.post2506891187108375850..comments2024-03-20T16:30:09.690-05:00Comments on The Fifth Column: That's It For 2012Unknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5774317.post-64403312991864275892012-01-11T10:30:28.636-06:002012-01-11T10:30:28.636-06:00Steve and Inca, the Constitution of the US says al...Steve and Inca, the Constitution of the US says all legal money has to be gold or silver. There has never been an amendment that has said otherwise. So the law of the land says we must have the gold standard until it is changed.Steve "scotju" Daltonhttps://www.blogger.com/profile/17864544146213840928noreply@blogger.comtag:blogger.com,1999:blog-5774317.post-22084963081561542772012-01-07T10:44:49.215-06:002012-01-07T10:44:49.215-06:00Gold prices inflate just like everything else. Gol...Gold prices inflate just like everything else. Gold does not stop inflation.<br /><br />There isn't enough gold in the world to base the world economy. <br /><br />Look, you agree that when the demand for something increases, either the supply must increase or the price must go up.<br /><br />Gold production is essentially fixed. So if we return to the gold standard, demand would increase dramatically while the supply wouldn't - so prices would have to inflate.<br /><br />Putting us back on the gold standard would dramatically INCREASE inflation. <br /><br />We would be artificially linking the price of a metal to the price of consumables. That's EXACTLY the same game they play today by, say, artificially pegging the price of the renminbi to the dollar. <br /><br />Gold has no inherent value - it has only the value we give it. That value can inflate just like everything else.Incahttps://www.blogger.com/profile/07156642709984057323noreply@blogger.comtag:blogger.com,1999:blog-5774317.post-79384186898478477912012-01-07T10:24:53.106-06:002012-01-07T10:24:53.106-06:00Steve, why can't we go back to the gold standa...Steve, why can't we go back to the gold standard, and without it, how are you going to stop this constant inflation?Steve "scotju" Daltonhttps://www.blogger.com/profile/17864544146213840928noreply@blogger.comtag:blogger.com,1999:blog-5774317.post-25444930451514992432012-01-06T12:03:52.035-06:002012-01-06T12:03:52.035-06:00Santorum follows the American bishops in economic ...Santorum follows the American bishops in economic policy.<br /><br />The American bishops are lousy economists.<br /><br />Mises and his followers are the only one I'm aware of who claim the Long Depression is a myth.Steve Kellmeyerhttps://www.blogger.com/profile/07509461318016670424noreply@blogger.comtag:blogger.com,1999:blog-5774317.post-9462407388795696992012-01-06T10:43:39.773-06:002012-01-06T10:43:39.773-06:00Steve, a few more questions for you.
Why is Santor...Steve, a few more questions for you.<br />Why is Santorum "the biggest idiot on the Republican stage" when it comes to economics?<br />I looked up 'long depression' on several websites, and some of them said it was a myth. Why would they say that?<br />Impossible to go back to the gold standard. How are you then going to prevent the constant inflating of our money?Steve "scotju" Daltonhttps://www.blogger.com/profile/17864544146213840928noreply@blogger.comtag:blogger.com,1999:blog-5774317.post-77064592254034922152012-01-06T08:17:39.880-06:002012-01-06T08:17:39.880-06:00Steve, that's an interesting opinion. I'm ...Steve, that's an interesting opinion. I'm of the opinion that Ron Paul is the only sane candidate on social issues, economic issues, and foreign policy/military issues.<br /><br />But, at this point, we've been using the Neo-con playbook for foreign policy since Reagan. It's been such a smashing success, I'm ready to try something different.Flambeauxhttps://www.blogger.com/profile/00133131881423202010noreply@blogger.comtag:blogger.com,1999:blog-5774317.post-89385187969271864322012-01-04T19:07:23.352-06:002012-01-04T19:07:23.352-06:00There is no way to go back to the gold standard.
...There is no way to go back to the gold standard.<br /><br />I'm no fan of the Federal Reserve System - it's created as much economic instability as it was meant to tamper down.<br /><br />But life without the Fed wasn't a bed of roses either. The Long Depression was no more fun than the Great Depression was. <br /><br />Furthermore, Paul's foreign policy is suicidal. There's no way to disentangle from foreign interests. We lost that ability when we became a world economic superpower. <br /><br />Paul thinks if we walk away from the Muslims, they'll leave us alone. Read up on the history of the first war the US ever fought - the Barbary War. Same enemy then as now, and we didn't go looking for them then either. <br /><br />Ron Paul would be a worse disaster than Obama, the sole difference being that Obama INTENDS to destroy the US, Paul would do it by accident because he doesn't understand what's going on.Steve Kellmeyerhttps://www.blogger.com/profile/07509461318016670424noreply@blogger.comtag:blogger.com,1999:blog-5774317.post-6617347428658805352012-01-04T09:44:59.902-06:002012-01-04T09:44:59.902-06:00Meh...representative government is farce, anyway.
...Meh...representative government is farce, anyway.<br /><br />I find the more attention I pay to the Breviary, the less attention I pay to the headlines, the better life seems to be.<br /><br />*shrug*Flambeauxhttps://www.blogger.com/profile/00133131881423202010noreply@blogger.com