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PPP does NOT suggest any causality direction, it's an identity that should hold everything else constant "in equilibrium". Academic empirical tests of the PPP use "official" inflation statistics, AFAIK, that's why it apparently performs poorly and with a lag. It performs much better for...

You guys criticizing Ron Paul that 10% devaluation is not 10% inflation, should pick up any International Economics book and go to the chapter entitled "Purchasing Power Parity (PPP)". This theory says that, in principle, 10% devaluation is 10% inflation. Now, in reality maybe it's not 10%...

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I thought you liked Benny because you were scared about Dow 11500.

No, it's not the same thing. Voting for the most popular is an irrational way to choose a president, while choosing the most fuel efficient car is a rational choice. Check Bryan Caplan's book "The Myth of the Rational Voter" he explains the problems of democracy as a popularity contest...

That's like marrying a girl just because she's easy. Nothing wrong with that. But don't complain afterwards to your wife why she's such a slut.

Why would they? They're the same brand, iShares f example. Just avoid bank-branded ETFS like UBS's.

European ETFs are illiquid in the US, but OK for buy and hold a small position, if that's what you want. http://www.fool.com/investing/etf/2007/07/24/go-europe-an-overview-of-european-etf-options.aspx Why not diversify into Euro and open a brokerage account in EUROS, with access to...

It's british-style black humor.

Moderator: please merge this thread with the thread "Jokes" in Chit Chat.

$186,600, the Fed. Where does the Fed get the money? Printing I guess. http://www.msnbc.msn.com/id/20055529/

Since when are the Clintons worried about "foreign control" of the US economic and political affairs? Remember Chinagate http://en.wikipedia.org/wiki/1996_United_States_campaign_finance_controversy President Clinton with convicted fund-raiser Charlie Trie Hillary Clinton threatens to...

Why not going to his webpage www.ronpaul2008.com or search for his articles to learn what his anti-terrorism policies are? He thinks that the current diagnostic on the causes of terrorism is misleading biased and without objective basis. He mentions experts and CIA studies as support for his...

The democraps want to replace an insane system with some other one, but equally if not more insane.

Please tell us if creating worldwide resentment against the US, and bankrupting the economy is an effective and coherent anti-terrorism policy. The war against the so-called islamo-fascism threat has turned the 1.3 billion muslims worldwide into instant enemies. Do you want to solve the...

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Only a moron could lose money the way they have the cards stacked in their favor. Now, let's talk about the government and all the trillions in pork programs that are being financed by printing money out of thin air.

Please show us where and when Ron Paul said or wrote that JFK was killed because he wanted to close the Fed.... never.

The point is to back the currency with something physical, to make out-of-thin-air money printing impossible. A basket of metals, or commodities could work too. Under the gold standard you are not basing an economy on it, but the exchange of goods in the economy. That is quite a difference...

Why not? Switzerland had a partial backing system until a few years ago. It turned to 100% fiat due to (surprise!) government deficit problems and political pressure from the IMF. As far as I know, Switzerland wasn't an undesirable place to live in when the swiss franc was backed by gold, at...