Is it ever a good idea to print money?

LOL. And how would they argue that they are justified in using violence ?

No, really, what you say is so absurd that my only educated guess is that you are either playing dumb or just are.

The same grounds that a high-quality drug dealer has when someone poses an inferior product as the said high product.

Uh-oh, a troll.

why is the one product inferior to the other in this case. your chosen case in which you claim fidicuiry media is as good as sound money?

Oh, I’m not saying that notes are as good as gold, I’m saying they can be better. More fluid, easier to produce, cheaper to carry, care for, and verify. Just better. Of course, this is a subjective value and wasn’t referring to the world I was talking about.

The world I was talking about was one where the bank issues a product from the bank, and a counterfeiter issues a product from himself that is similar to the banks and is an attempt to piggy-back off of the banks reputation.

have you understood that those who condone sound banking , commodity banking, gold dollars, dont have anything against the use of paper notes per se ? (think: receipts)

from what you wrote it seems that you have not.

And receipts are almost as good as currency without being as good. Still restrained to a backwards monetary system that can’t increase to prevent secondary shocks to the economy or adjust to MD.

unjustified hyperbole.

and gold receipts, are currency, so hardly less good than currency

NOTHING has inherent value.

Well then, if it’s currency just go and exchange your gold receipt at your local Seven Eleven and quit complaining.

now what good did that strawman do anyone spidey?

If they make it easy to copy, then they probably will not stay in the currency making business for long.

you quit complaining.

and wtf?!?

What, do you think it is really easy to make counterfit U.S. dollar bills or something?

I obviously misunderstood what you were getting at. I had no intention of setting up a strawman, if that’s even what I did.

Anything easy to manufacture can be easily copied unlike things such as gold of course. But at any rate, why is it OK for the bank to counterfeit its bank notes, but it’s not OK for Smith to do it ?

Why is it OK for the bank to inflate and it’s not OK for other people ?

Really. I need money. I just print it. It can’t get any easier…and ‘efficient’…and ‘libertarian’.

sorry, i could have been clearer, i didnt think anyone was likely to post between the post i was referring to and mine.

Epic post is epic. :stuck_out_tongue:

Kudos to LadyAttis for verifying this. XD

Are you kidding ?? Do you think printing dollars is the same thing as manufacturing AMD processors ??

Probably $5000 in equipment is all you need to print as much dollars as you, and the whole world, would ever ‘need’.

Gold is not copied. It is mined. Wood is not copied either, it is grown and harvested.

Stamped gold coins can be copied. Stamped paper can be copied.

I never said there was anything wrong with it, necessarily. So, why would a bank issue notes not backed by something that is not as easily produced and is much more valuable? I never said a bank would do this. But if one wanted to take the risk of having its currency devalued from someone else copying it, then so be it.

I never said there was anything necessarily wrong with it. But a bank that did this would probably not stay in business long.