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Once again Scataphagos (tr. "shit eater") comes through as a source of misleading information. Gold and Silver coin as tender is mentioned in Article I, Section 10, of the Constitution, but as a restriction on the States, not on the Federal Government, which shit eater would have you believe.

I couldn't stay awake long enough to watch the whole thing, but it sounds like same fundamental problem as with naked shorts in the equities market, but in a commodities context. Bottom line is that to make this "Dog Track" betting work, you don't really need dogs. All you need is for people...

Hee he he he heeeh.

There was one place, however, where the Trump Presidency arguably out ranks all other presidencies, and that is in the level of general corruption. Probably more cabinet officers in the Trump administration were referred to DOJ by the inspectors general than in any other administration...

That's precisely the case as far as I can determine. As fed assets rise, reserve account balances also rise, rates fall, the dollar falls and the equity market typically rises. However, if demand is down, there may be, at the same time, little or no price inflation other than in the equities...

This speaks to the absence of integrity among Republican lawyer-politicians such as Ted Cruz. He's a graduate of Harvard Law School. I imagine his Law School Professors would like to see his J.D. revoked. He must be an embarrassment to them.

Too bad Moscow Mitch wouldn't qualify as an impartial juror, now that he has already expressed the opinion that Trump is, in effect, guilty of inciting a riot and has expressed the opinion that Trump can be held liable in a civil suit for anything he did as President. Sadly, I guess that would...

At this point I could care less whether Joe can remember where his navel is or not. He's doing a Great Job! GO JOE! And wow, those people he's picked to run the agencies are super sharp!

OK , nice. We do agree (on the essential matters. at least.) And i just edited into my prior post a comment on the very post you refer above. We have thoroughly explored this topic!

Ok. Perhaps there is a little projection of your own personality going on here. I note with amusement that if I am "wrong" you are as well, because, of course, there is nothing incompatible among your first post in this thread and my long post. I simply expanded with much more detail and...

You may not have read the entirety of what i wrote, or if you did, you did not comprehend it. By avoiding unnecessary complexities, I made, so far as I know how, a clear exposition of those times when the market positively correlates with inflation and those time when it does not, and why. This...

Sorry but I don't believe you. I don't see any evidence that you understand this topic.

It's been a long day. When I earlier fired off a one line response to you and jem I had noticed that Ocho had responded to you, but I was in such a rush I didn't read any of it. Now I've read Ocho's criticism and it seems the two of you have already done a good job of hashing out what the...

*****Notice Re Post #16 Above***** There is an error in my post #16, three posts above this one. In the second line of the fourth paragraph replace "Selling" with "Buying". Obviously , only when the fed is buying will reserves by bolstered. When they are selling, reserves are drained.

Actually you read an abstract from an Elsevier publication. The article itself is relative expensive, and I doubt you took the time to photocopy it at your local University Library. You can't tell much from the abstract other than that the authors found that in certain decades through the 1930s...

So I think you are now deciding that this business of inflation and equities is a little more complicated than it might have first appeared. The first order effect is as I pointed out. Both anticipation of inflation and actual mild inflation generally has the effect of inflating equity prices...

I would use my brain more, jem, but look how mad it makes when I do.

That's good. Thanks. I'll get back to you this evening.

That's true, all the stimulus the GOP has produced since Reagan anyway has all been supply side which is one of the things that has accelerated wealth disparity. Wealth disparity is a natural consequence of return on capital being greater than economic growth, but regardless, we should not be...

You've lost your train of thought. We are talking the economy and the moral issue here. (mostly.) Inequality is a social issue that has serious negative repercussions for some democracies, particularly ours. Perhaps you should start a new thread.