The Obama Deception

[Formaldehyde]

No, I want a strong dollar. I do not like inflation, and I do not believe it is essential. I consider those lies of certain economic schools. I also think that attempts at controlling the economy only make things worse, and more unjust. In other words, I want the job of the money printers to simply be to give us the tool of paper exchange certificates, and let the economy suss itself out.

Amen to that.

http://www.youtube.com/watch?v=nHPSmslIOfc

http://video.google.com/videoplay?docid=-2354618193217305530

 

[Cutlass]

Amen to that.

http://video.google.com/videoplay?docid=-2354618193217305530

There is no possibility, none, of having zero inflation without a very high risk of deflation. And deflation is far more destructive and dangerous than inflation. It is to be avoided at all costs.


There is zero chance, none, of having a stable and growing economy without deflation under the gold standard.

Ron Paul is a know-nothing, and a very stupid man.

 

[Formaldehyde]

Because you say so.

From your own sig:

"If everyone is thinking alike, someone isn't thinking." General George Patton Jr

 

[Cutlass]

And yet which worked? There is a reason why no first world nation does things your way.

 

[Formaldehyde]

The reason they went off the gold standard was to pay for WWI, which subsequently led to the Great Depression. Then they went off it again to pay for WWII.

http://en.wikipedia.org/wiki/Gold_standard

Perhaps you have heard of them?

 

[Ecofarm]

I smell Ron Paul.

 

[Cutlass]

And we went back to the gold standard after WWII. We dropped it again because it was too disruptive. Read the whole article you linked.

 

[Formaldehyde]

There is nothing disruptive with having a stable currency. In fact, just the opposite.

And Ron Paul is so stupid he foresaw all this happening.

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=165168&t=01002453383655060134

When you become a US Congressman and serve on the "Joint Economic Committee. and the Committee on Financial Services (as Ranking Member of the Domestic and International Monetary Policy, Trade and Technology subcommittee, and Vice-Chair of the Oversight and Investigations subcommittee)", as well as being the Chairman of the House Banking Committee in the past, be sure to let me know.

http://en.wikipedia.org/wiki/Ron_Paul

 

[Cutlass]

It's disruptive if the needs of the economy do not match the supply of money. And, for example now, when the velocity of money is way off it's historic trend, a fixed money supply would be an unmitigated disaster.

 

[Neomega]

It's disruptive if the needs of the economy do not match the supply of money. And, for example now, when the velocity of money is way off it's historic trend, a fixed money supply would be an unmitigated disaster.

You continuously make all these bloated proclamations. I noticed you like to add an adjective behind every word, to make your statements sound more full of fact and more dire.

Interesting strategy, but adding adjectives to your statements does not make them any more factual.

for example

There is no possibility, none, of having zero inflation without a very high risk of deflation. And deflation is far more destructive and dangerous than inflation. It is to be avoided at all costs.

Not true. Both have their forms of economic destruction. But saying deflation is "far more" destructive belies how little you actually know what you are talking about.

I am not looking for complete stagflation. There would be fluctuations on a fixed money supply. I don't think it has to be backed by gold, but I do think that there is no need for the Fed middleman.