Except reality has proven it's not reliable and only enslaves future generations.

Again, you've got about 23 years of evidence against you.

The fact there was tightening is due to corruption.

Where did that come from? There was a tightening in response to an oil shock.

Except it hasn't worked, which is why the debt increased by over a trillion under Clinton.

Again, I'm actually being reasonable and talking about relative to the size of the economy.

It's increased even more rapidly than that under George and Barack.

I know, and that's due to disgusting policy decisions and fiscal profligacy on both their parts.

The evidence is on my side, as the debt increased exponentially during that time and prices of goods and services skyrocketed.

No. . . No they didn't. The size of the debt fluctuated and inflation averaged around 2pc for the entire period, and nominal income was pretty much exactly on trend. Monetary policy during the 23-year Moderation was as close to perfect as you're likely to get.

Among many reasons, such as completely incompetent policies and criminal wars.

That has nothing to do with monetary tightening.

The fact the size changed so dramatically proves there was a problem.

Except the administration averaged something like a stead 3.5-4pc annual growth rate. . . That's not dramatic.

Realtalk here, apart from the troll personas, does anyone on this site actually think the gold standard is a good alternative?

The only two people I know of are Kinder and Cam. But their grasp of economics is tenuous, at best.

Cam, how much value do you give one ounce of gold?

Quote from: BrenMan 94 on January 19, 2015, 05:28:54 PM

Cam, how much value do you give one ounce of gold?

Nothing. Value should be determined with trade such as 15 minutes with a big female booty would equate to something like $500,000.

Then what's the difference between using gold as a standard and fiat currency?

Well, one actually has an assigned value, although it does change, while one is backed by literally nothing.

It's backed by itself.  People believe it holds value, so it holds value.

It'd be like me saying you should build my deck and I'll give you five Camnator credits.

I wouldn't accept them because they have no economic value.  If you offered to pay me in a cryptocurrency like Bitcoin or Dogecoin, though, I'd most likely accept (given it's equivalent to the going market rate for building a deck).

If anything, diamonds should be the form of currency since it's not worth counterfeiting, although, monetary systems could become obsolete very quickly.

The common man cannot differentiate between diamonds and cubic zerconia.  That would be a terrible idea.

Quote from: Camnator on January 19, 2015, 05:01:13 PM

The only stupidity is your own if you think this is an improvement. http://www.usdebtclock.org/ You lack any sort of sense.

I'm pretty sure most people are born with an innate understanding of the distinction.

I think you expect too much

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