I asked this question in one thread and I don’t think it was ever answered. So I’m going to ask it again. For all the complaints about fractional reserve banking and how it lends out from checking accounts and savings accounts, I have to ask how is this not implicit in the contract when there is al…

I don’t think what banks do today is fraud. I’m not certain what would be fraud in Rothbardia, however. I imagine it would include concepts like printing out warehouse certificates, but I don’t think many people would use warehouses for gold anyways, so it doesn’t seem to matter. Anyways, no, I do…

if money supply is artifically/fruadulently increased then the observed price stability is unnatural and destructive. it is inflation. without the artifical increase in MS there would have been natural healthy deflation. peoples terror for natural deflation is absurd. using the FRB inflation to cou…

No, no. You’re misunderstanding. The price stability exists only in so far as money should not impact it. Any other deflation or inflation in prices is healthy and should not be counteracted - in this regard, using the CPI to measure inflation and determine when MS or decrease is wrong. Here we ar…

it does work for money. on a commodity standard two mechanisms come into play to adjust MS and MD. production of the commodity can be increased or decreased (this can include transitioning the commodity to and from other uses non-money uses it plays as well as mining or ‘fresh’ production so to spe…

First, yes it could technically work for commodities, but it’s costly and allocatively inefficient. As for prices, they’re rigid, so that won’t work without a lot of unnecessary unemployment of resources and labour. Second point is a bad one. The money is identical. The books are not.

is this a joke>? are you sure you want me to take the time to go over that since in the abstract it says. In particular, prices are not rigid down-ward. ** ** try pigs and not-pigs. come on.

is this a joke>? are you sure you want me to take the time to go over that since in the abstract it says. In particular, prices are not rigid down-ward. ** ** try pigs and not-pigs. come on. First, yes. Go over it and you might want to take another look at the abstract while you’re at it. …

more failures to address points. I don’t know why you are here.

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Economics Economics Questions

nirgrahamUK July 12, 2009, 4:45am 73

how are you judging this, with STV in mind? i doubt it.

says you and the keynesians.

money that is sound is the same as money that is unsound? fiduciary media is the same as non-fiduciary media?

what are you telling me?

Is it ever a good idea to print money?

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