the SEC actually does a decent job explaining fiat monetary inflation. replace 'participants' and 'investors' with 'debtors'
http://www.sec.gov/answers/pyramid.htm
http://www.sec.gov/answers/pyramid.htm
they'd lie to you regardless... nothing to do with fiat moneyQuote from ratboy88:
they have to be financed, do they not? regardless, the ones that finance the wars have the most to gain. when you control the world's media.... you can lie to start the wars you call senseless. i would use stronger terms than "senseless" to describe these wars.
mate, there is no "fiat inflation", you & i have already discussed that one to death... central banks have a job to to do and keeping inflation in check is one of them... voting to suppress them is not a smart moveQuote from Avid_Consumer:
i don't read rothbard, i'm just a pedestrian observer forming my own conclusions, and i'm glad we're friends - it's not personal
it will be interesting to look back on these posts in a few years time after the system has run a likely historical course. would be preferable to avert that outcome entirely
at least we agree that governments engage in unsustainable spending on the back of causes like perpetual war. fiat inflation though, is taxation without representation. there is virtually no leader we can elect who will respect that.
Quote from 2cents:
mate, there is no "fiat inflation", you & i have already discussed that one to death... central banks have a job to to do and keeping inflation in check is one of them... voting to suppress them is not a smart move
Quote from 2cents:
mate, there is no "fiat inflation", you & i have already discussed that one to death... central banks have a job to to do and keeping inflation in check is one of them... voting to suppress them is not a smart move
i know hydro, all these guys up there in central stats depts, who are under the most intense scrutiny from all the wackos around that you can imagine, and from the peers who want their job, they're just coooooookin' all the figures beyond belief yessssiiirrr they are, and they are all laughing at guys like u, who, of course, have the right figures!!!!!Quote from Hydroblunt:
Simple math proves you otherwise, but hey, keep trying to figure out why the Dollar is falling through and prices of goods are rising 10-15%, right in line with money supply.
Quote from 2cents:
i know hydro, all these guys up there in central stats depts, who are under the most intense scrutiny from all the wackos around that you can imagine, and from the peers who want their job, they're just coooooookin' all the figures beyond belief yessssiiirrr they are, and they are all laughing at guys like u, who, of course, have the right figures!!!!!
GMAFB....