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For a rebuttal of the dismissal: http://mises.org/misesreview_detail.aspx?control=53

I've re-read your posts and it seems your conclusion is based on the idea that the supply of gold would eventually be to small to allow trade based on the quantity of metal required to equal to some specified dollar amount. I am arguing that the quantity in existence will always be sufficient...

It is pointless to continue. I reject your premise that a fiat currency is necessary for the maintenance of prosperity and hold that it is the key to government interference in the daily lives of citizens. I expect that everyone reading this thread has heard this before, but it bears...

OK pal, you get the last word.

This is about as far as I care to go with this particular conversation. Just as a point of information here is a link to the gold supply in existence as of 1996. It was well over 100,000 tons then and higher today. I use it since it is the first link to come up on google...

so? All that gold is just gold in a vault until they spend (lend) it. Not sure what you point is. Actually I have a degree in geology, thank you very much.

Under what condition other than confiscation would a central bank be able to reduce the supply of gold in circulation? Once released it would remain in circulation unless it came back to the bank in the normal course of business. This is not the case with Federal Reserve money where they can...

I don't think you understand the idea that the metal IS money, not that it represents money. The point is that no one controls the money supply if it is backed by something (in the case of paper notes backed by gold). It is only the case that the supply of money can be controlled when some...

I am a little puzzled by the idea that gambling on the value of currency seems a good idea. It seems contrary to the desire for stability and growth. As far as governmental machinations go I couldn't agree more. Politicians are the bane of society. As to the monopolists, they are the...

I have no problem with that. The crux of the problem is the form of money. Scarcity is the essence of value, if we use a form of money that can be rapidly expanded at will by the decision of a few for the benefit of a targeted segment of the economy, those not on the list are put at a...

Why? As long as there is a sufficient supply of gold to ensure that the physical commodity is available to facilitate trade, even with a finite supply of metal it would simply increase in purchasing power would it not? If the denominations of coinage were so high as to be worth to much...

Yes, to refine this just a little farther, Austrians think one of the proper roles of government is to ensure the enforceability of contracts with the rights of the individual in his person and private property as primary.

For a strong, logical argument from a Nobel Prize winner pick up a copy of this book. http://www.amazon.com/Road-Serfdom-Documents-Definitive-Collected/dp/0226320553/ref=sr_1_2?ie=UTF8&s=books&qid=1229576891&sr=1-2

CO, First, I'll concede two points. One, legalization won't get current addicts clean. Two, most users have to be hit between the eyes before the light begins to come on. As regards legalization though it is the condition that drugs are illegal that escalates the problem to its current...

Must be nice to be perfect....

Government prohibitions actually increase the incidence of the things they are designed to reduce. Generally speaking drugs are cheap to produce. Government "wars on" things create a scarcity that increases prices and a profit motive that would not be present otherwise. Criminalizing self...

A link to a good article on taking delivery of physical silver. http://www.financialsense.com/editorials/pearce/2008/1125.html

The link below has some interesting things to say about how that might work. http://www.businessspectator.com.au/bs.nsf/Article/A-tsunami-of-hope-or-terror-LHRJP?OpenDocument&src=sph

Here's a new twist http://www.businessspectator.com.au/bs.nsf/Article/A-tsunami-of-hope-or-terror-LHRJP?OpenDocument&src=sph But in the end the rest of us still get screwed

Rumor has it that in his basement Barney expedites the meating until it comes to fruition. :D