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Author | Topic: Phat's Bookshelf | |||||||||||||||||||||||||||||||||||||||
Taq Member Posts: 10278 Joined: Member Rating: 7.3 |
Phat writes: There are five times as many dollars in circulation as there used to be. Getting back to this claim . . . Of course, this all depends on how far back you go. I'm sure there was some point in history where there was 1/5th the amount of currency in circulation than there is now. That looks to be around 1990-95 according to this chart (select MAX): https://tradingeconomics.com/...n%20in%20January%20of%201959. There was a spike in 2020 because of you know what, but it wasn't a 5x increase. It was about a 20% increase, or a 1/5th increase. I'm guessing that Phat got the denominator and numerator mixed up.
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Tanypteryx Member Posts: 4597 From: Oregon, USA Joined: Member Rating: 9.5
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Theodoric writes: Critical thinking is a skill he will never acquire. Tanypteryx writes: Along with empathy and self-awareness.Phat writes: Once I get going, you will learn a thing or two, unless your thinking is too clouded by political extremism. So empathy and self-awareness are political extremism?
Phat writes: I predict that a year from now you will have a wee bit of begrudging respect for me. If not, I will have been proven to be just another old man with a sugar-pickled brain and a delusional exaggeration of my own intelligence. This whole response seems like a delusional exaggeration of your own intelligence. "Boy, you just wait, I'll show you!!!"Stop Tzar Vladimir the Condemned! What if Eleanor Roosevelt had wings? -- Monty Python One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy The reason that we have the scientific method is because common sense isn't reliable. -- Taq
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nwr Member Posts: 6484 From: Geneva, Illinois Joined: Member Rating: 9.4
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Currency used to be based on a bedrock value. That's an illusion. There is no such thing as a bedrock value.Fundamentalism - the anti-American, anti-Christian branch of American Christianity
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nwr Member Posts: 6484 From: Geneva, Illinois Joined: Member Rating: 9.4
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Only fools believe that the dollar is determining the value of gold. Supply and demand determine the value of gold.Fundamentalism - the anti-American, anti-Christian branch of American Christianity
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Theodoric Member Posts: 9488 From: Northwest, WI, USA Joined: Member Rating: 6.2 |
Which also determines the value of the dollar. Weird.
What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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Theodoric Member Posts: 9488 From: Northwest, WI, USA Joined: Member Rating: 6.2 |
Currency used to be based on a bedrock value.
What does this mean? What is bedrock value?What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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Tanypteryx Member Posts: 4597 From: Oregon, USA Joined: Member Rating: 9.5
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What does this mean? What is bedrock value? If you put your dollars in your mattress, something, something, gospotcha...Stop Tzar Vladimir the Condemned! What if Eleanor Roosevelt had wings? -- Monty Python One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy The reason that we have the scientific method is because common sense isn't reliable. -- Taq
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Theodoric Member Posts: 9488 From: Northwest, WI, USA Joined: Member Rating: 6.2
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Phat,
Maybe you should listen to real economists. quote:Opinion | Is the Inflation Storm Letting Up? - The New York Times What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie? |
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AZPaul3 Member Posts: 8640 From: Phoenix Joined: Member Rating: 7.8 |
Currency used to be based on a bedrock value. For millennia all over the world most societies relied on gold as their medium of exchange and the only store of value most would trust. Economies were small and there was (usually) plenty of gold around to handle the disruptions and expansions. That changed when liquidity issues in larger and growing economies could not be serviced with gold. As much as there is there’s just not enough of it. Gold is not so fungible an asset in a digital age. Gold is a wonderful emotional commodity popular society still cherishes and hoards. But to base an economy as large as the USofA on a nonfungible commodity cannot but spell economic disaster in the very short term and, physically, cannot be done in this economy. There aren’t enough resources available to make the change over. If your currency is to be based on gold you kinda have to have the gold. There isn't enough.
This is no mere macro-cycle we are in. We are at the beginning of the end of the life we now know. As for our future? Mother Nature will determine how sever our punishments will be regardless of what we do with our commodities or economies.Stop Tzar Vladimir the Condemned!
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Phat Member Posts: 18586 From: Denver,Colorado USA Joined: Member Rating: 2.4 |
Perhaps if we back a global currency with humans we would have a bunch oof individuals, each unique...to back the commerce. Sounds doable in theory but evil in practice.l Stick with the gold.
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AZPaul3 Member Posts: 8640 From: Phoenix Joined: Member Rating: 7.8
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Well, my friend, like your views on religion your views on gold have already lost. Reality is well past your old economics.
And like your religion, Phat, you have fallen in with vipers, conmen and republicans out to convince you of their fantasies. Read their books and argue their points but for god's sake, Phat, stop putting actual $$$ into their schemes and their wallets. P. T. Barnum was right, Phat, but you keep getting born again with every book and video.Stop Tzar Vladimir the Condemned!
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ringo Member (Idle past 637 days) Posts: 20940 From: frozen wasteland Joined: |
Many years ago, my father asked me to draw a cartoon for his Sunday School class: Fred Flintstone with a thought-bubble containing the word E-V-O-L-U-T-I-O-N.
Sometimes cartoons can convey a strong message. Sometimes it's a false message. Cartoons are not necessarily a good source of information. They're one step below videos.Come all of you cowboys all over this land, I'll teach you the law of the Ranger's Command: To hold a six shooter, and never to run As long as there's bullets in both of your guns. -- Woody Guthrie
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Phat Member Posts: 18586 From: Denver,Colorado USA Joined: Member Rating: 2.4 |
Sometimes a picture is worth a thousand words. Other times, it needs a good caption. E-V-I-D-E-N-C-E is a good caption,. So is E-V-O-L-U-T-I-O-N.
The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” - Leo Tolstoy, The Kingdom of God is Within You (1894). When both religious and non-religious people reach the same conclusions then you know religion isn't the reason.--Percy Democrats should not be the only party. Respect the two-party system. -Phat, in December 2022 We see Monsters where Science shows us Windmills.~Phat, remixed
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ringo Member (Idle past 637 days) Posts: 20940 From: frozen wasteland Joined:
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Phat writes:
But not always. You ALWAYS prefer the bumper-stickers and videos to anything in-depth. Sometimes a picture is worth a thousand words.Come all of you cowboys all over this land, I'll teach you the law of the Ranger's Command: To hold a six shooter, and never to run As long as there's bullets in both of your guns. -- Woody Guthrie
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Taq Member Posts: 10278 Joined: Member Rating: 7.3
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Phat writes: l Stick with the gold. You mean the stuff that only has value because we say it does?
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