Between 1792 and 1912, the United States saw inflation at an average rate of 0%

Started by jimmy olsen, October 19, 2015, 02:23:07 AM

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The Minsky Moment

#45
October 19, 2015, 05:05:41 PM
Assuming the facts are that gold is "cheaper" (given the mint ratio), then raw silver not used for manufacturing gets exported and existing silver coins are melted down and also exported.  Only gold coins are left in circulation and banks presumably satisfy their redemption obligations by paying out in gold coin.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

Razgovory

#46
October 19, 2015, 05:11:52 PM
Quote from: MadImmortalMan on October 19, 2015, 03:46:01 PM
Quote from: Razgovory on October 19, 2015, 03:06:08 PM
I've heard it from many conservatives in this country on this board as to why we can't have socialism in the US.  It boils down to "we have black people here".

You seem to talk to a lot of terrible people. Either Missouri is full of them, or you should find better friends.  :P

GI Jew and the Bank Robber.  Though to be fair, Tamas is all "down with statism" till brown people come surging over the border.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Eddie Teach

#47
October 19, 2015, 05:19:30 PM
The Maud'dib hasn't posted here in many years.
To sleep, perchance to dream. But in that sleep of death, what dreams may come?
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