Ludwig Von Mises

[Max E.]

Quote from trefoil:

Don't need to do that. First of all, the US is the holder of the reserve currency, and needs to increase the supply by at least as much as the global economy increases just to keep prices worldwide even.

This could be one of the dumbest statements i have ever read on elite trader. So if every country in the world is flooding the market with freshly printed dollars, the only way to keep prices the same is to print just as many U.S. dollars?

Do you not see how ridiculous this statement is?

 

[Tsing Tao]

Quote from trefoil:

To ask the question is to answer it.

Ah, QE asks, therefore it is. Dude, come back when your IQ passes 100, ok?

Quote from trefoil:


I'm not interested in someone who responds as you do.

Right, because in the conversation, it is only YOU who is allowed to use profanity or rude language.

 

[Max E.]

Quote from Tsing Tao:

Ah, QE asks, therefore it is. Dude, come back when your IQ passes 100, ok?

You are wasting your time talking to tinfoil about economics. It isnt even a debate about right or left wing economics with him, he is so far beyond being incompetent that he doesnt even understand the simple principles like supply and demand. I remember back when Obamacare debate was happening and he actually said that Obamacare was going to reduce prices for surgery and other things simply by adding more people to the healthcare roles.

Then yesterday he comes out with a statement saying that the U.S. needs to print more money to keep up with other countries just to make sure that prices remain the same.

What is the point in debating someone, especially a know it all uppity ass hole like tinfoil, on a subject where their beliefs are actually the complete opposite of the simplest, well proven realities of economics? Talking to tinfoil about complex economic topics is about as useful as talking to someone who believes 2+2 = 5 about complex mathematics.

 

[Lucrum]

Quote from Max E. Pad:

You are wasting your time talking to tinfoil about economics. It isnt even a debate about right or left wing economics with him, he is so far beyond being incompetent that he doesnt even understand the simple principles like supply and demand...

Ditto^3

 

[trefoil]

Quote from Tsing Tao:

Ah, QE asks, therefore it is. Dude, come back when your IQ passes 100, ok?



Right, because in the conversation, it is only YOU who is allowed to use profanity or rude language.

No, you ass. It's because I kept on saying the Fed was ineffectual, and you kept on insisting on bringing them up as if I was defending them. You were erecting strawmen. You were parroting your party line without thinking, while I was trying to actually debate you on Mises vs Keynes.
Keynes, not Friedman.

Now, for something from the FT:

The US is the brightest spot in the world economy, as another global recession threatens, according to the latest Brookings Institution-Financial Times tracking index...
The Tiger index shows momentum in the global economy dissipating despite action by the Federal Reserve, European Central Bank, Bank of Japan and Bank of England to boost the recovery. Only in the US has economic momentum remained reasonably robust , while it has slackened off in the formerly strong economies such as the Brics (Brazil, Russia, India and China).

US defies threat of global recession

The reason, of course, is that only the US resorted to the fiscal side, which is what Keynesianism is all about. Monetary action by itself has never worked and will never work.

 

[Tsing Tao]

Quote from trefoil:

No, you ass. It's because I kept on saying the Fed was ineffectual, and you kept on insisting on bringing them up as if I was defending them. You were erecting strawmen. You were parroting your party line without thinking, while I was trying to actually debate you on Mises vs Keynes.
Keynes, not Friedman.

You were advocating more debt through stimulus. Who is going to buy that debt? The Fed, of course. We're too far gone already. I'd restate everything I already said, but talking to you is like talking to an English as a Second Language student.