Don Luskin: "Obama's New World Order Regulatory Regime"
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@zappos49 Umm, I actually prefer medium inflation, around 2 or 3 percent. There's no evidence that hyperinflation is nigh. Germany and Zimbabwe seem rather poor examples as they even started with inflation.
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@mcgrawtim123 - Spanish exploration - massively increased gold supply, led to currency instability
Great Depression - tied to gold, led to a fed trying to appease foreign currency markets, led to crash due to excessively tight money, that's Friedman
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Who cares what Luskin thinks, he's be wrong for years.
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Anybody heard of a UK movement to audit the BOE, we can't go on paying our income tax to pay of the interest on a public debt we will never be able to pay off
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Agreed, the market showed be really free. The price of gold just now is a fix. They might even be able to get it lower but they can't stop the inevitable and now is a good time to buy.
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THESE TALKING PIMPS for the wealth class outght to be burned at the stake of the peoples revolution!!!!!!
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from 1776 to 1913. Our money was backed by a gold standard. That means that you could take your "dollar" to the bank and exchange it for gold or the equivalent in silver. You could save and it would be meaningful over time because the gold would remain a stable commodity, unfortunately The Fed was passed under cover of secrecy, and ever since then we've been beset by bubble after bubble after bubble. We need to get rid of the fed.
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Totally right, and half of my friends still think it is backed by gold.
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Deflation is sooooooooo bad.
We would pay less for food and fuel.
Hyperinflation much better.
It will wipe out any savings you had left.
zappos49 2 years ago 9
The market should make these decisions...and didn't we have a stable dollar for a hundred years or so when it was tied to Gold?
mcgrawtim123 2 years ago 3