04tonyd's channel

If we are talking about a centralized monetary authority (like the Federal Reserve), I believe that gold-backed is better than fiat (which is what we currently have). My preference has nothing to do with gold per se, but with the restriction gold places on the quantity of money that can be issued...

To these people, government is a magic wand. Simply waive it and the detail-like problems go away. (If they don't, apply more government.)

It's true, you can't eat gold, but you can wear it, you can fill cavities with it, and you can treat arthritis with it. In contrast, all you can do with fiat paper currency is use it in exchange, and you'd better not keep a large fraction of your wealth in actual paper dollars, since their purcha...

The fear of spiraling deflation doesn't hold water empirically.

IT BEGINS!

Someone who knows NLP eye accessing cues should look at this.

Before we used to have charity hospitals. Many still bear the names as they were connected with churches. The shift to benefits (a WW2 distortion) managed to destroy most of the charity in the charity hospitals. Technological growth causes prices to fall. The FEDERAL RESERVE increases the money...

Before we used to have charity hospitals. Many still bear the names as they were connected with churches. The shift to benefits (a WW2 distortion) managed to destroy most of the charity in the charity hospitals. Technological growth causes prices to fall. The FED increases the money supply to cou...