Duck Tales Inflation Lesson

An episode of Duck Tales dealing with the negative consequences of inflation.

for more information visit www.mises.org

Category:

News & Politics

Tags:

• ron
• paul
• inflation
• economics
• freedom
• liberty
• federal
• reserve
• counterfeit
• money
• banking
• government
• congress
• libertarian
• bernanke
• greenspan
• obama
• bush

[mustang6172]

But the money the government prints isn't fraudulent. Congress has the right to print all the fiat money it wants and it has the right to delegate this to a national bank. Read the Constitution.

[prattleon]

@mustang6172 I don't really care what the constitution says, a centralized fiat currency is not justified, nor good for those upon whom it's imposed. That said, I'd be curious to see where you think the constitution gives congress that authority.

[mustang6172]

@prattleon Article 1 Section 8 "...To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;..."

[prattleon]

@mustang6172 but the federal government is not authorized to enforce the use of a particular money. That's left to the states with this caveat: Article I, Section 10, Clause 1: No State shall…coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt.

[dashrirprock]

Goldbug fail.

There are currency markets. If the world does not trust the U.S. treasury, then they're free to use Euros, Yen, or even gold nuggets. Stop with the doom and gloom. Before the Federal Reserve we had huge economic crises: Panic of 1873, Panic of 1893. We went into the Great Depression while on the gold standard.

I originally came here to share part of my childhood with my nephew.

[prattleon]

@dashrirprock I don't favor a gold standard. I favor a free market. in order to have a free market there must be a free market in currency (i.e. people are free to exchange any good, commodity, or service for any other good, commodity, or service). a currency market does nothing of the sort. maybe you're familiar with bernard von nothaus. That's what happens if you offer an alternative to the government's fiat currency. If they didn't have a violent monopoly on it, no one would use it.

[TheAbsoluTurk]

Scrooge is smart, he keeps his money in gold.

[twistedtheaos]

Most cartoons are more intelligent than one's national government.

[ashlealuvzu]

.,&8999

[amillerps]

@dashrirprock panics that were deliberately created by the international banking elite.

[AlirazaVideoGames]

@TheAbsoluTurk unlike scrooge, WE human beings will die so we cannot keep or hold onto anything. if an economy collapses, its currency is either worthless or severely inflated. better to live life and spend money. you can't keep anything in life. life passes us all by....

[XxPhoenixHarpyexX2]

Inflation is the inevitable consequence od CRAPITALISM!!!

this is what americans chose when they said fvck communism and supported this evil ideology. you chose inflation over freedom. capitalism is like a time bomb, it was meant to explode and it will bring millions of lives with it. capitalism is a failure.

--No reply-- *useless struggle dont offend me*

[mustang6172]

@lanebatts26 Governments get their power from the consent of the governed. If they make my money worthless, then it must have been my doing via the transitive property.

[lanebatts26]

@mustang6172 The govt therefore has the power to make your money worthless. If rybys were as common a rocks...they wouldnt be worth anything. Learn basic economics... from ducktales even!

[st4ticblu3]

@mustang6172 The Federal Reserve is NOT Congress.

[randyrobson]

@mustang6172 you should go to here, to learn about what you talk. tomwoods.com/dollar/

[randyrobson]

@dashrirprock You can learn about those specific "panics", here. - tomwoods.com/panics/

[randyrobson]

@dashrirprock Hey buddy. The Great Depression happened, not because the gold standard. The Federal Reserve central banking was put in place in 1913. That would be several years before the depression. And those panics you speak of are again, not because of a gold standard. The US had 2 other central banks before the Fed, along with other government meddling.