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Netative yields means both inflation & economic stagnation.

http://portalseven.com/employment/unemployment_rate_u6.jsp

Indeed. Excellent post. I wish I could teach people how important "money" is. I think it is more powerful than GOD in this world. You can make anything happen by using money. You can stop anything by using money. Monetary policy or the flow of money creates an established economic order...

Debt is the most productive form of slavery. Formal slavery is expensive and not productive. The best way to squeeze a persons wage is to keep him/her under debt. All over the world you find FAMILIES working for a few rich guys trying to pay an ever increasing amount of debt. For...

NICE. Now lets go ahead and robb all banks. Here in Miami we get a robbery every half an hour. Awesome!!!!!!!

:eek: :eek: :eek: :eek: :eek: I can recommend good books on the material. Perhaps I deserve to be ignored. But guys like Milton Friedman, Hayek.........I dont think soooo....:p :D By the way how old are u??

Of course not. You are brainwashed by mainstream economics/Keynesianism. . :p

The federal/state budgets are not related to inflation or deflation. It is acceptable to say that the govt finances deficits trough inflation by creating money to balance the budget. But in principle, its is our definition of money, banks, and how much of it we need that really defines our...

We agree then. My idea is neither for inflation or deflation. But to have the value of a currency to be determined by market forces. Such a thing is better achieved by having a basket of sound assets to back the value of mentioned currency.

:eek: :confused: :p :D

So you would tie our prosperity to a metal??? To the mining industry??? NUTS!!!! Sounds like those guys from the mises.org CURRENCY BACKED BY A BASCKET OF DIVERSE COMMODITIES. There the market will determine the necessary amount of currency in circulation. Why is ECO 101 so hard to...

It is bad if you force it by having the money supply fixed to create deflation. If left to the market on commodities backed currency then it is not.

Deflation is equally destructive. Specially in the long run. What fantacy book have you been reading???

The endless issue with inflation is all about money (what is it) how much of it do we need and is printing more of it a way to create prosperity. If you print you create inflation. Inflation is a hidden tax. Redistribution of wealth occurs. If you dont print deflation occurs. It is as...

I do like that my friend. But libertarians reject the possibility of universal health care, education, vacation days. So...no sympathy at all.

A good portion of my family lives in Germany. They actually have it pretty good. When I talk to people here in America about possible changes in our way life similar to that of European countries. I (a cuban by birth/ former slave of castro) get called a communist or socialist...

Worst under a libertarian president and concress.

I hope not.

For decades the world economy has been unbalanced by cheap credit and huge piles of debt. It fueled the deindustrialization of US. Now a major painful correction is underway. Soon were are going to see Made in USA again.:)

OF COURSE. If gold is used as money adding more of it means just inflation. Historically this proved to be the case whenever new mined gold entered the economy.