On money...hmmm....

[roadriverrail]

I have a very strong economic streak about money. I am not a hard currency advocate because I see it as mostly moot. My saying is often "Gold or slips of paper, it's all just a commodity." Where this is interesting, however, is that all other commodities have their values assigned by dynamic market forces, while I don't have an argument with

Comments

[zencynic]

I think you are selling the Fed a bit short when you don't factor in dynamic market forces in as part of the process of them determining values of currency, etc. (not that I'm a Fed fan) Also, those same dynamic forces ARE the very caps you speak of. Admittedly, we are far beyond any reasonable limit of those caps; but that's what a debt as capital fiat money system will do. The structure you speak of is there, already within our central banking system, it's just mowed down by corporate interests, and profit whores who know the right people.

Just my 2.999999 cents (adjusted for inflation)

[roadriverrail]

Admittedly, we are far beyond any reasonable limit of those caps

I'm sure you have evidence for a statement like that, so please don't hold back.

but that's what a debt as capital fiat money system will do

This is a common statement as well, and while I agree that it can be the case, I question the level to which it is business as usual. It may sound strange for me to say this, but I see money supply inflation as quite natural.

The structure you speak of is there, already within our central banking system, it's just mowed down by corporate interests, and profit whores who know the right people.

How would you say it is there? The price of money at the point of production is a planned value and is not selected through dynamic market forces.

[zencynic]

I'm not ignoring you, I have a nice long reply draft in a text document on my desktop. I'm just FUCKING BUSY and want to do my reply justice.

[roadriverrail]

I appreciate it. I hope you didn't think I was trying to stand up to you. You have a view that I genuinely want to hear, and you strike me as the kind of person who probably knows how to build good evidence for a case.