Inflation's Winners and Losers | Douglas E. French

[charronfamilyconnect]

All evolution comes from cooperation as opposed to direct competition. As long as humanity has enough food in his belly, and a roof over his head, everything else is just extra! I am disgusted that in this current world we have so much suffereing and starvation. Wonder how Shiny metals will feed the ones living in Famine? I believe however in teaching people how to fish. I guess if these poor people can't access gold then they my as well die. Isn't that survival of the fittest for ya?

[charronfamilyconnect]

To all you Austrian School Evangelists who believe Gold is the answer, do you realize how many of my native brothers were murdered & raped so white man could ge his obsessive hands on his shiny metal, namely gold.Do you fucking understand why I am pissed over this barbaric relic,Fetish, infactuation over a shiny piece of shit metal.Raping mother nature in search of this metal is fucking insane,&to think its the only thing that can function as metal is an unbelievable outrage! I'm disgusted

[05121784]

@charronfamilyconnect Your comment is irrational. First, religion has NOTHING to do with Austrian Economics.

Second, gold is not the "answer" but rather has great qualities as a good, a "Commodity of Exchange." Understanding what indirect exchange is and how Money, which is a Commodity of Exchange, emerges is crucial to understand our individual trades.

Lastly, Mises Institute holds LIBERTARIAN (the opposition of initiated force and the value of individual liberty & property rights) ideals.

[RKAddict101]

@charronfamilyconnect That's like getting mad at people who like swords just because you have ancestors who were killed by them.

[charronfamilyconnect]

If you put your $ into somthing that provides a service than your allowed to make profit such as rent/Dividends,but if you want to put it in the bank just sitting there, you shouldnt getpaid any interest, & the bank holding it shouldnt be entitled to lend it out to anyone.I dont believe u should be paid interest for having your $ remaining stagnant,like gold if you want to hold on it like your prescious(remember Gollum from LOTR?). Just cause you have money you shouldn't get rent on your $.

[charronfamilyconnect]

When you hear the saying, Make $ with money that is a complete and utter fallacy.I am talking strictly about money held in deposits whether its book entries or metals. Money should be kept there as a record. Sure you can hold gold & silver ifyou prefer that no prob. I'm just sayin $ shouldn't be confined to shiny metals only. We should have alternatives such as theTom Greco model which is simply book entries to account for goods and services exchanged. This model doesnt advocate free money

[Equity213]

when did doug french become so grandfatherly, lol

[thesilverjournal]

@ 23:50, Doug says, "28% of mortgage holders are underwater". In reality, about 50% of mortgage holders are underwater. More than just the value of the home must be considered. You have to include the 6% Realtor fee and other costs when considering if you truly need to bring money to the table at closing.

cnbc(dot)com/id/15837671

Clearly 50% of mortgage holders being underwater is too much and housing is set to decline 70%-80% when considering housing will no longer be supported through print

[charronfamilyconnect]

I know i will be banned from making further comments after your monitors read this. so go ahead and shoot down my truthful commentary, and have someone get the last say, and ofcourse I will be blocked from further comments. I guess when you receive dissenting comments you block out dissenters just like the mainstream media. Guess you aint any better huh?

[Iammram]

@charronfamilyconnect

Do you enjoy typing to yourself?

Why don't you state how your guys are any better as oppose to the Austrian way instead of trying to just libel people. You won't come off as a spam/troller then.

[Hashishin13]

@charronfamilyconnect The Mises Institute isn't trying to control youtube or prevent you from having your say, ON YOUR OWN CHANNEL, the mainstream media does just that, get some fucking perspective.

[charronfamilyconnect]

byron dale, and tom greco have better solutions to the money system. They advocate neither scarce money nor debt based money.

[HaroldRehling]

@charronfamilyconnect The system Byron Dale promotes is still a top-down fiat system. Any benefit it seems to offer is illusory and dependent on an unsustainable regime of "benevolent dictatorship".

The central authority will inevitably continue to inflate the money supply and ultimately strip the lower, working, and middle classes of purchasing power and equity for the benefit of the politically well connected.

[charronfamilyconnect]

@HaroldRehling I agree that Byron Dale's model is still not perfect like all models present as far as Monetarism is concerned. How about Tom Greco's Model? It advocates banks take on the role of Direct Mutual credit clearing system. Its like a communal Utility bank that acts like an intermediary for Barter. I have no problem if you want to invest in gold and silver. I just think that that model should be outdated. Money should only be an exchange mediume to allow production to me transferred.

[HaroldRehling]

@charronfamilyconnect I'm an advocate of free banking. Let each bank set its policies and trust the consumer to choose which policies they most desire. I (and many at, of, and for LvMI) would absolutely support your choosing an institution based on Greco's model.

Me? I'd prefer a 100% reserve bank with monthly maintenance for demand deposits accts and wholly separate options for investment accounts with interest relative to term and risk and use a private 3rd party indemnity co.

[charronfamilyconnect]

@HaroldRehling Okay I can respect what you believe in. Only point I was trying to make is gold/silver are not the be all to end all. IF we strictly go to Gold backed currency, and this becomes the law then that would end up being a dictatorship of the Rich cause they own most of it. Glad you see promise in the Greco Model. There are lots of community currencies worldwide like in Argentina for example and it works for million plus people in that one community so it workable. Thanks for openess!

[utubehayter]

@charronfamilyconnect

"Glad you see promise in the Greco Model. "

You realize that no one said there is "promise" in it, right? Free banking by choice of customer is free choice in banking.. does not mean every type of banking or even every bank of any one type is going to be functional. Greco's economic democracy would impoverish its adherents.. but it would be because of their choice to follow stupid economic ideas. I have no problem with you committing yourself to such economic suicide.

[charronfamilyconnect]

@utubehayter You're entitled to your opinion.How about we agree to disagree.Money's true purpose is to act as a barrier to barter & is an exchange medium.Who said it has to be gold or silver? Does gold or silver make little babies?Collateral & interest started with barrons holding peoples cattle as collateral because they make babies(this is where interest comes from).Interest is the cancer..Money shouldnt make money, but blood sweat and tears should make $ only

[utubehayter]

@charronfamilyconnect

"How about we agree to disagree."

Wish you had stopped at that. But no, you had to go on and make ridiculous claims on what money is. But, I kind of expected that from people of your kind .. enjoy the economic suicide.

[charronfamilyconnect]

@utubehayter Why?You dont like truth?Your not limited to choosing between two schools of thought namely keynesian inflationists or Austrian Deflationists. I prefer to take the middle road or the straight & narrow path to truth.Truth is my authority, authority is not my truth. Good luck with your indoctrinated Austrian school (extreme right winged) belief system.You seem to have alot of emotion invested in this school of thought so I can understand why your so defensive like a fundementalist

[utubehayter]

@charronfamilyconnect

Enjoy your delusions.

[charronfamilyconnect]

@utubehayter Peace to you brother in your quest to find your way out of the dark and into the light. I will be waiting for you on the other side.

[utubehayter]

@charronfamilyconnect

Don't hold your breath... on second thought, please do.

[charronfamilyconnect]

@utubehayter I will take that in the most positive way as I am sure your not a maliscious person. Afterall, you are obviously a Jesus loving, Southern State American and perhaps a bigot? Did you know that my native Ancestors had minded their own business before white man forced his B.S. religion on him or kiled him if he didn't adopt the new world religion. Those were the days when nature was respect & people didnt kill for Gold!. Seems you have a knack for believing in indoctrinated fallacies.

[utubehayter]

@charronfamilyconnect

I am not even close to what you think... but that was a good attempt to try and demonize those who disagree with you.

[charronfamilyconnect]

@utubehayter Its not an attempt to do anything but speak the truth. Have you read history on the conquestors of the americas? Are you aware what they did to my ancestors? You think I make this shit up. Please dont treat this as a tennis match. I have no ball to throw in your court. I just want to talk facts, and not pay semantic games with anyone. I guess your like most americans and dont read much history. I cant blame you if the schools dumb down their citizens! Thanks!

[utubehayter]

@charronfamilyconnect

"Have you read history on the conquestors of the americas?"

Who said I was American?

[charronfamilyconnect]

@utubehayter not sure. something about the way you attack me screams American pie!! You seem to believe you have all the answers already when your probably a very young man who still needs more timeto experience the real world! Free Market I also advocate. I just dont believe that Gold ever was and ever will be a good monetary instrument. Scarcity doesnt determine value. Skills, knowledge, and abundance out of innovation is true value!

[05121784]

@charronfamilyconnect

PS. Please stop judging people for the wrong reasons. It is not in anyone's self-interest to do so. One way you are doing this is with groupthink - grouping people together and judging them based on one person's qualities/actions, holding each individual responsible for another person's actions. This is wrong - because we are ALL different.

I can ONLY be responsible for myself. Same goes for any person.

[charronfamilyconnect]

@05121784 Sorry. I like most humans have tendancies for grouping people together based on a fews actions. I apologize for that. If we lived in a perfect world we would all take responsible measures without inflicting suffering onto others, but unfortunately, this is not in the human DNA. So based on that it would be very difficult to live in a so called free market economy without someone taken advantage of another. It would be famine or feast as a result. No one should own the forest!

[05121784]

@charronfamilyconnect Taking advantage of other people is self-destructive. We all need to be self-interested to sustain our own life. The key to doing what is in our best self-interest is LONG-term. Taking advantage of other people, lying, stealing, murder, etc. may have short-term benefits, but in the long-term - it is in our self-interest to grow and trade with other people. We get better together! This is the idea that you have also - progress comes from cooperation and division of labor.

[05121784]

Think we need government intervention in the market?

Take a look at the free PDF on Mises.org of Power and Market by Rothbard. The text is actually: Man, Economy, and State with Power and Market. The original publisher split the text up, but Rothbard intended for it to be whole.

[RKAddict101]

@charronfamilyconnect You are misconstruing the Austrian point of view. Values are determined by individuals, with subjective beliefs. Scarcity can play a role in this (e.g. an individual can subjectively value something because it is hard to get a hold of), but it isn't the ultimate factor.

[charronfamilyconnect]

Thank you vonmises institute for being the flag ship to Deflationists the world over. With less Money to go around, and monoplization of money into gold or any other scarce resource should bring out the best in all of us as we scrape the earth and rape natural environments just to bring some enlighting shiny metal into the world for the betterment of all. Imagine how many lousy mining jobs this could generate in cash strapped regions of the world! NOw thats progress!!

[Hashishin13]

@charronfamilyconnect Yea we are going to destroy the entire earth looking for gold, get real. The government does far more harm to the earth then any mining facility, go look up the half life of Depleted Uranium and then go look at its military applications, and that is just one example. "monoplization of money into gold "

Way to criticise from a position of COMPLETE IGNORANCE, the Mises Institute advocates free money, take your pick, but don't whine when we all choose gold, its our choice.

[HaroldRehling]

@charronfamilyconnect Monetary deflation -> lower prices. As commodity money becomes more scarce, its buying power increases. (ie prices fall)

Even in the nearly impossible event a commodity used as money were "monopolized" in a free market then a new commodity would emerge from the bottom up as the preferred medium of exchange.

While gold & silver may have been the preferred mediums because of their characteristics they are by no means the only available options.