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You might as well give up. He doesn't understand enough about how banks work to have a discussion on the topic, and it is obvious that he doesn't understand compounding interest on a bank loan. He looks at your offer and knows that accepting it would be a bad thing, but if it's bad, then...

You don't understand, there is no such thing as no more interest. Opportunity cost will be compensated for somehow. Generally, it is with taxes in your system. So which system is more fair, one in which the borrower pays interest, or one in which the public pays interest as tax?

No Slider, the problem is that you are suggesting a world in which progress is very slow, while taking for granted a world in which progress has been quick. Your problem doesn't seem to be with the issuer of the currency or the currency itself, it seems that you have a problem with the...

Slider, I'm not tryin to be rude but you really should study finance and economics a bit and then rethink your "system". In your system, the government determines and sets the cost of borrowing. If they set it at zero and lend freely, it encourages people to be incredibly aggressive in...

It doesn't matter whether we are talking paper dollars or silver dollars, your argument doesn't hold. If there weren't any products to buy, then currency itself wouldn't exist. Not even gold itself would be considered currency. Economic expansion and rapid innovation rely on...

There are so many flaws in your argument that I don't even know what to respond to. Interest is a function of the value of time and opportunity cost. Because time has value due to opportunity cost, nobody in their right mind will loan money without expecting additional return. This is...

The situations you are citing are anomalies. In most parts of the nation builders are just making less on each house. They aren't taking a 50% loss on the build. When prices started dropping, materials also started dropping. Houses just got very cheap to build. Anyway, I agree with your...

The US is not a pure Democracy by definition. Although the definition of Democracy has been broadened to include rule by elected representatives, historically a democracy was rule by majority vote. In reality, this is a Republic. People are free to vote for representation, but after that...

Yep, you'll learn more about it from debates on these forums than any book out there.

DITTO. I wear a seatbelt, but there is no place for a law mandating it.

yeah, more interference is EXACTLY what we need!!! <sarcasticly>:confused:

There are tons of people on ET who sell options, but it sounds like you are referring to those who do naked sells. Many here who used to do a lot of selling have moved to other avenues. It becomes necessary to shift strategy when the prevailing conditions no longer support the current trades.

I understand what you are saying. I just think you are making an incorrect assumption. Your assumption is that lower test scores as all bad. I'm saying, design a test that measures leadership ability, critical thinking, and creativity. These nations you are sighting for being far superior to...

They outperform on every measure because every testable measure is biased toward memorization. They become very good at memorization at a very young age because that is how the system works over there. It is very difficult to test levels of creativity and critical thinking ability. I'm not...

Have you ever been to countries like South Korea or Japan? I taught classes in South Korea for 2 1/2 years. Their "public" school system has nothing to do with the fact that they are outperforming when compared to the US. They value performance and high test scores, while we value creativity...

I appreciate the article and open discussion about the fair tax, but the "fair tax" isn't as bad as you make it out to be either. Neither proponents or opponents are being fully honest about it. A couple points come to mind. First off, I've found almost no objective research that even...

Various reasons I'm sure. Some don't like his religion. Many don't like him for the fact that he doesn't form political alliances as readily. He obviously doesn't have the support of the republican establishment because he continually screams that it is not the president but "Washington"...

He'd better hope that two things happen. 1) Hillary wins the DEM nomination 2) He chooses the right conservative VP. If both of these don't happen he is toast in the fall. As much as I'd like to see Mitt as VP to add some sense of intelligence to the ticket, that won't ever happen. I...

I don't know that it is one single issue with Romney, but more of a combination of issues. Certainly religious intollerance is one. The fact that he was forced to take middle ground in order to become Gov. of MA, is another. The fact that he absolutely can't relate to the average American...

Yes I've donated to a republican candidate before, but I'm no longer on any phone list. That was a land line and I no longer have a land line. I'm also unaffiliated politically too, so I don't see myself getting on any lists again. My political parties have abondoned me so I support...