Money

[革命者]

OK.

since you cappies are not totally senseless, you might be able to tell me what this means:
"We should invest in a constitutional money supply, capitalism has been sabatoged and all capitalism will fail under the current monetary fraud system"

it was in response to a message i posted.

what does he mean, by that??

should i call him an idiot right away? :cheesy:

[Vinny Rafarino]

This statement is absolute bollocks scotty. Let him have it.

[Elect Marx]

Yeah...that is not coherant. Did Bush say that? Maybe my commie perspective is not compatable...but call them an idiot...you get my vote.

[antieverything]

Myth: The gold standard is a better monetary system.

Fact: The gold standard causes deflation and depressions.

Summary

The far right advocates the gold standard because it gets government out of the business of controlling the money supply. They fear that printing money creates inflation, and retracting money causes recessions. But the opposite is also true: printing money cures recessions, and retracting it cures inflation. Governments in the last 60 years have used these policies with tremendous success. There has not been a single depression or bank panic in any nation anywhere in the world using Keynesian monetary policies. But during the Gilded Age of the late 19th and early 20th centuries, depressions and bank panics were common. The historical record is so strong that mainstream economists reject the gold standard almost universally.

[hr]
Read the entire argument here: http://home.att.net/~Resurgence/L-gold.htm

edit: It is important to note that recent economic collapses, namely Argentina's, were caused by following neo-liberal economic policies opposed to Keynesian policies.

(Edited by antieverything at 11:07 pm on July 15, 2003)

[Elect Marx]

I am against money. Money is a tool of oppression. The existance of money enables expliotation and theft with relatively less effort.