Gold as Money: FAQ

Discussion in 'Economy' started by Kevin_Kennedy, Apr 20, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Gold as Money: FAQ - The Mises Community

    I thought some of the "anti-gold" crowd here might find this interesting, if not enlightening.
     
  2. jillian
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    jillian Princess Supporting Member

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    well, you know my objection to relying on anything from the Mises Institute as a source,
     
  3. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    That seems a little close-minded, but it's your choice.
     
  4. jillian
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    jillian Princess Supporting Member

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    Admittedly, it would be closed minded if I hadn't already explored the issue.

    BTW, I'll be posting an ethics question on economics, momentarily. I hope I'll get your input on it.
     
  5. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Well, I'm glad you've at least looked into the issue.

    If I have any thoughts on the subject I'll be glad to give them.
     
  6. jillian
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    jillian Princess Supporting Member

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    Given the issues and their ramifications, it's pretty important to look at everything. And I don't mean to diminish your source... To me, not being an economist, but listening to all of the economic discussion I'm afraid I see the laissez faire policies promoted by Mises and the other Austrians as already being proven to enrich only the richest and destroy the middle class, while leaving a huge underclass...

    I like this country. I'd prefer we not be a banana republic. And that's what I see as the logical conclusion of Austrian economic policy. It's a bit too Darwinian for my taste.
     
  7. sealybobo
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    sealybobo Diamond Member

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    Didn't Ron Paul think he was being interviewed by an Austrian and it ended up being Sasha Baron Cohen in disquise? :lol:

    In a five-minute scene, comedian Cohen tries—and fails—to seduce the Texas congressman and former Republican presidential candidate in a Washington hotel room. A spokeswoman for Paul confirmed the appearance but declined to discuss details, which were provided by two people who attended a test screening last week.

    And did you see Obama's appointee to oversee the TARP funds on the Daily Show? She explained it perfectly what needs to be done.

    Here are your options.

    a. Before we put regulations into place, the US economy had big ups and downs every 10 years. Good luck with your 401K.

    b. After we put in Regulations, we had about 50 years without any troubles. No major crashes.

    Then we removed some important regulations and we got the S&L scandal of the 80's. McCain was involved and so was John Glenn. Look up Keating 5.

    Then Bush & Tom Delay really got rid of a lot of regulations, and we have the economy we have now.
     

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