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I find their work to be useless. Like all econometric models they fail when you need them the most.

I hope it keeps growing and growing like a SNOWBALL.

Wow how come no one had thought of this before??? Excellent.

You and I are indeed talking in two different languages. If you know what the austrians say that you know where I come from. Although I am not an austrian guy my economic ideas are pretty similar. I doubt iceland is growing and if it is for how long. Both countries need to make massive...

I have used gold and silver because we are more familiar with these two metals being used as money than any other. However, It is my personal believe that what best resembles a strong currency is one basket by a basket of sound commodities. Some precious metals, regular metals, oil, hard...

I think the crisis came when gold and silver was no more to mined out. While they had gold Europe’s economy prospered. I meant to say that fall in prices or increase in prices does not constitute a good or bad thing. How they come to be is what is important. Look at this example. Suppose...

I quite disagree here. Debt is really cheap but everyone is already loaded with old debt. The only viable thing is to refinance at lower rates. After tax return?? Totally out of place my friend. You are right now think again. In a bubble what seemed to be profitable enterprises turned out to...

A commodity money can be adjusted in the market place. So soon the market found a way to deal with the new money from spain. It created some inflation but it created much more prosperity. Otherwise how could spain could have become so great if it was just printing or creating artificial money...

I am sorry to hear about that ed. My arguments are very real. I just don’t have the time to discuss in detail how the real thing is supposed to work. My apologies. You properly know how the current money system works I am surprise you did not see anything wrong with it. You are right...

Money is anything used as a medium of exchange. All other uses as I said before are secondary. The best uses of money are those commodities highly acceptable by most players in a society. Gold, silver, tobacco, salt and many other minerals have serve as money for many years in human history...

I disagree with you in every point. We share different ways and understanding about economics. Thank you anyways for sharing your thoughts

No problem Ed. Wow you and I really see things very very different. Here are some key economic principles of mine 1- Inflation is creation of money not backed by anything. Money out of thin air. 2- Money is just anything serving as a medium of exchange. All other uses of money are...

When I first started this thread gold prices were at (basically) todays value. Anyone care to explain such extreme volatility. In the mean time allow me to say that (if there is a bubble) the bubble has not taken off yet. Gold is likely to decline further in price if there is economic...

I would like to ask you a question. It really surprises me that you do not see inflation happening now. So far the fed has been pumping new massive amount of money into the system. That is inflation. Sooner or later we will see this new money creating inflation or assent inflation in some...

This is what I think about money. Maybe you agree on some. Fractional Reserve Lending is immoral and should be outlaw. Then no central bank would be needed. Currency or money is to be determined in the market place. BACKED BY SOMETHING OF VALUE. Such as gold, silver, oil, gas, the list is...

Sorry my friend no insults were intended. But few people know what inflation really is.I suggest Milton "Freedom to Choose” “Capitalism and Freedom” “The theory of Money and Credit” From Mises (Austrian Economics” He unlike the Austrian did not address fully the issue of money...

I am not sure I can help you. You would need to read a few books i guess. Inflation as Milton Friedman said is everywhere and every time a monetary phenomenon. It happens only when money is created by the entity having the power to do so; in this case the Fed. What you are talking about...

anticipated or unanticipated inflation is created.

Just when I was considering the porn industry as a plan B in case I lose my job. :D

Sure I agree. We must oppose all these things. Someone said that men fight harder for their interests than their rights and freedom. Can’t remember who said it. I learned the hard way that exercising your rights in America can come at a price. So be careful how you use your freedom of...