the gold standard isn't feasible, and can be explained away by simple economics and the fisher equation. Money supply*Velocity = Real output * price level (inflation). Holding velocity constant, if real output (productivity) were to increase faster than the money supply (represented by gold, which has to be mined), then price level would have to fall. The gold standard, while offering monetary stability over the long run, produces extreme volatility with regard to unemployment + inflation SR.
"Government is not slow to perceive the advantages it may derive from the part which is entrusted to it by the public. It is glad to be the judge and the master of the destinies of all; it will take much, for then a large share will remain for itself; it will multiply the number of its agents; it will enlarge the circle of its privileges; it will end by appropriating a ruinous proportion." - Frederic Bastiat, The State (1948)
FUCK RON PAUL!!!
dman123abc 1 year ago
Actually, Obama is not officially president-elect yet. The electoral college meets in december.
dutchmcgee101 3 years ago
the gold standard isn't feasible, and can be explained away by simple economics and the fisher equation. Money supply*Velocity = Real output * price level (inflation). Holding velocity constant, if real output (productivity) were to increase faster than the money supply (represented by gold, which has to be mined), then price level would have to fall. The gold standard, while offering monetary stability over the long run, produces extreme volatility with regard to unemployment + inflation SR.
falayyou 3 years ago
Whites need to get together and create their own nation in the pacific Northwest
stormfront . org
14/88
PreserveDiversity 3 years ago
@PreserveDiversity Of all the fuckin' places on guy.... You choose the pacific northwest.... lol
Godzilla you guys are fuckin' retarded.
BaboonJihad 7 months ago
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InfoCzar 3 years ago
See my videos on US NORTHCOM. They will have a mass causuality disaster drill on 11/13/2008. Beware. See my videos.
BakersBoyz 3 years ago
"Government is not slow to perceive the advantages it may derive from the part which is entrusted to it by the public. It is glad to be the judge and the master of the destinies of all; it will take much, for then a large share will remain for itself; it will multiply the number of its agents; it will enlarge the circle of its privileges; it will end by appropriating a ruinous proportion." - Frederic Bastiat, The State (1948)
cfbastiat 3 years ago
They will NEVER let this man be president.
We are finished Bush is just a reflection of
lack of wisdom in the US population these days.
clintonlies 3 years ago 3
He should be president now !
PreserveDiversity 3 years ago
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Vote third party!
thinkrevolution 3 years ago