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Very Hot Topic (More than 25 Replies) Currency is a Non-Excludable Good (Read 1084 times)
Jacob
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Re: Currency is a Non-Excludable Good
Reply #40 - Aug 12th, 2019 at 8:14am
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Well I guess it means that I'd be better off buying gold and silver.
  
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yamcha
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Re: Currency is a Non-Excludable Good
Reply #41 - Aug 12th, 2019 at 8:53am
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And what does the Fed do when too many people horde gold instead of using their printed money?

yamcha wrote on Aug 11th, 2019 at 10:49pm:
Then just compare it to full reserve banking Jacob.

So why do you think FDR signed the Emergency Banking Act of 1933 in and why do you think he issued Executive Order 6102?  Did the Fed have anything to do with it?
  
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Jacob
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Re: Currency is a Non-Excludable Good
Reply #42 - Aug 12th, 2019 at 10:19am
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That was repealed by Gerald Ford through an act of Congress.

Progressives are still assholes, and they don't always win.
  
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yamcha
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Re: Currency is a Non-Excludable Good
Reply #43 - Aug 12th, 2019 at 10:36am
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These are not progressives Jacob.  They are not even political.  So what are they?
  
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The Opposition
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Re: Currency is a Non-Excludable Good
Reply #44 - Aug 12th, 2019 at 10:45am
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yamcha wrote on Aug 12th, 2019 at 12:03am:
You seem to respect the Opposition and so do I.  If you go through all of his posts here, you will never hear him telling anyone what they should or shouldn't do and say or how they should or should not be.


That's right. It's why I'm considered the least libertarian poster on the site.

I have found that the more staunchly libertarian someone is, the more control they actually want over others. People who are genetically programmed to respect and follow the laws are the ones actually leaving people alone.

For example, I oppose some of the racist things you say much more than Jacob does but he's the one trying to get you to stop saying it. I believe in engaging intellectually with those I disagree with rather than stifling them.

(Though I made an exception recently and told Indy to care more about college, since he's on 100% financial aid and they give him an allowance for living as well. He'll lose it if he gets bad grades. I know him in real life and he's far smarter than people who see his writing style tend to give him credit for. He passes tests with flying colours, but sooner or later he's going to have to write a paper.)
  

This moral relativism of yours is exactly what lets government take this freedom, then that freedom, until we have lost them all.
-SnarkySack
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yamcha
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Re: Currency is a Non-Excludable Good
Reply #45 - Aug 12th, 2019 at 10:49am
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Does he have dyslexia or something or is he a foreigner?
  
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The Opposition
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Re: Currency is a Non-Excludable Good
Reply #46 - Aug 12th, 2019 at 10:58am
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yamcha wrote on Aug 12th, 2019 at 10:49am:
Does he have dyslexia or something or is he a foreigner?


Indy just never really learnt to write or spell properly. He says he never paid attention in high school but I swear on my own intellect that he is very bright.

He completely understands the Path of Greatest Tolerance thing.

A lot of the brilliance of modern Leftists is in the fact that they understand exactly what the average person can find fault with and what he can't. Popper's argument is faulty even assuming every premise is true, which I've given him full credit for before attempting a rebuttal. The thing is... normal people aren't going to be able to understand any of the possible rebuttals. Indy got it instantly, though (once I explained it to him in person).
  

This moral relativism of yours is exactly what lets government take this freedom, then that freedom, until we have lost them all.
-SnarkySack
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SkyChief
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Re: Currency is a Non-Excludable Good
Reply #47 - Aug 12th, 2019 at 11:07am
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yamcha wrote on Aug 12th, 2019 at 7:35am:
Fractional reserve banking is a fantastic practice for the Fed and other banks...

Are you kidding?

This is how the Fed creates inflation.     You LIKE inflation?

You LIKE having your money devalued artificially?

Wow   Shocked
  

Governments will always devise ways to deprive an honest man of his money or property, and claim that it's legal.
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Jacob
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Re: Currency is a Non-Excludable Good
Reply #48 - Aug 12th, 2019 at 11:09am
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Oh I oppose yamcha's racism a lot, I'm just refusing to be triggered by it all.
  
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Jacob
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Re: Currency is a Non-Excludable Good
Reply #49 - Aug 12th, 2019 at 11:17am
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SkyChief wrote on Aug 12th, 2019 at 11:07am:
Are you kidding?

This is how the Fed creates inflation.     You LIKE inflation?

You LIKE having your money devalued artificially?

Wow   Shocked


I think he means that it's a fantastic thing if you are the Fed
  
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