>thinking art is subjective

topkek

Yeah Saddam was crazy but life for the majority was much better with him in power

Tell that to the tens of thousands of gassed Kurds, the tens of thousands Shi'a Muslims in mass graves we are still finding and to the Marsh Arabs who had their home destroyed in one of the biggest ecological disasters in history.

There's been something of a resurgence of goldbugs since the failed primaries of Ron Paul and the rise of the Tea Party. Of course, this idea has always existed, especially in America, but the Gold Standard really is a poor--and potentially damaging notion--in terms of economic impact.

A 2012 poll showed none of the polled economists supported the idea that a return to a gold standard would result in better "price-stability and employment outcomes". In my own opinion, and that of several similarly-minded economists, the biggest problem with this is the removal of monetary authority from the government. It takes away a government's ability to fight recessions via monetary policy, and gives it to our balance of trade, gold reserves and gold mines.

In terms of advantages, one of the big ones offered to us is price stability. While removing authority over the money supply might reduce our ability to fight recessions, it makes serious swings in inflation improbable and helps induce economic stability by smoothing out the value of the currency. While it's true that long-term price stability is a virtue of the gold standard, and that significant--or even hyper--inflation are rare, it just isn't true that the gold standard induces stability in any meaningful way.

That is the sheer amount of inflationary volatility under a gold standard. Short-term fluctuations in inflation are drastic under a gold standard. The idea that pegging the currency to gold--or any other sort of metal specie-induces price stability is a sick joke.

Now that is inflation under the quantitative easing programmes. QE is essentially a form of monetary stimulus used when interest rates hit zero, and it has been decried as "hyperinflationary" by the libertarian-goldbug crowd. Look at the graph up there, and then look at the graph here. You tell me which is more inflationary--and deflationary, for that matter--than the other.

As Milton Friedman noted: inflation is, always and everywhere, a monetary phenomenon. There has never been a fiat money system, under which, the central bank has not had the power to control inflation. In addition to this, as Ben Bernanke noted, there has never been a fiat money system, under which, the central bank has not been able to control deflation.

So, yeah, if you're in favour of a gold standard. . . stop it.

tl;dr--gold standard doesn't actually stop inflation

Yeah, I completely agree, especially when it comes to the democratic attitude's effect on culture.

I don't completely agree on getting rid of politicians; there still needs to be a degree of representation in the legislature, they should just be unelected and largely subservient to the executive and judiciary. As long as things which can be devolved to a local level efficiently are, then a technocracy could work.

The fact you think debt doesn't matter shows how naive you are, exactly.

See you're not even paying attention--I didn't say that. I said the only proper way to measure the importance of the debt is in comparison to GDP; I actually think the debt at the moment is too big.

All you're doing is making wild claims with no evidence--no, common sense doesn't count,  you economically illiterate dope--and making unfalsifiable claims. . . How has the economy become artificially inflated? How come we've actually seen real growth since then? How come nothing bad has happened over the course of this century-long, monolithic artificial inflations when we've seen throughout history that it doesn't take that long? You can't answer these questions properly because you're just presenting false of even insignificant propositions.

How come all of the reliable indicators from 1992 to 2006 show a near-perfect monetary framework that was, if anything, actually tight, from 2001-2006.

You seem to think the massive debt somehow isn't a big deal when it has already destroyed the economy. The fact is Clinton did nothing to help, there was just more of the same theft, borrowing, "printing" and debt.

Except Clinton made the debt smaller in terms of the whole economy. . . What about that are you finding so difficult to grasp. The economy grew under Clinton because of agricultural and telecommunications deregulation,  lowering the tax rate on the middle class and--most importantly--sound monetary policy. Nominal income remained on track for pretty much all of Clinton's administration thanks to Alan Greenspan; there was no excessive printing of money.

You're obsessed. Not sure why some people take this site so seriously.

Shut it, iota cunt. Ain't nobody asking you shit.

Lo and behold, thine cunts!

Cheat, the alpha cunt--the first of cuntkind, who sits at the throne.
Nuka, the beta cunt--the second of cuntkind, with a will as strong as stone.
And of course, Kinder, the gamma cunt--third-rate, and truly lowly.
Slash, the delta cunt--a lone wolf, independent and with utter focus.
And then Dustin, the epsilon cunt--the centre of our community, the genetic locus.

-snip-
Turkey, the lambda cunt--truly radioactive, in a sense, his half-life confirmed.
Rocket, the upsilon cunt--transcendent and immaterial, brilliantly holy.
Mr Psy, the tau cunt--forsaking the imperium, to fight on the xeno fronts.
And then I? I am the omega cunt--the cunt to end all cunts.

I'm Em Eye Sex.

Lyrical genius.

When it comes to philosophy, I'm quite vehemently opposed to the idea of the soul, or some transcendent 'mind'.

go out of his way to be an ass

That's one of my favourite things about him.

Love it.

It's okay, I prefer Alan Greenspan.

The Jews were expecting a conquering King who would come in and "save the day", so to speak. They basically expected what the Christians expect on the 2nd coming of Christ: a King conquering His enemies.

So imagine their surprise when they encounter Jesus. He rides into Jerusalem on a donkey(which means He comes in peace) instead of a horse(He comes to conquer).

He is a carpenter, and washes the feet of others. He doesn't have wealth or riches.
He's a Servant King.

Okay, so do you want to actually answer the question in the OP?