GOP debate

[Razgovory]

The government will still penalize you financially when they make mistakes. Look at the situation we're in now. The value of currency dropping, the prospect of inflation,

Have we had inflation the past year?

Probably.  We have inflation every year.  It's not really a bad thing.

[Faeelin]

The government will still penalize you financially when they make mistakes. Look at the situation we're in now. The value of currency dropping, the prospect of inflation,

Have we had inflation the past year?

Probably.  We have inflation every year.  It's not really a bad thing.

I get that, but usually when somebody mentions inflation in this context they mean the stagflation of the 1970s, which I don't think we have had.

[Fate]

I thought we wanted inflation right now? 

organize 10,000% inflation over the next 20 years and you reduce the debt by a factor of 100 and permanently screw with america's credit worthyness.... or you drive interest rates up above 15%....

Basically follow Iceland's currency policy...

10,000% seems a bit excessive. I've heard Ivy talking heads calling for 4-6%. 

[Kleves]

Governments didn't adopt fiat currency out of some conspiracy to incontinence you...

Heh.

[Viking]

I thought we wanted inflation right now? 

organize 10,000% inflation over the next 20 years and you reduce the debt by a factor of 100 and permanently screw with america's credit worthyness.... or you drive interest rates up above 15%....

Basically follow Iceland's currency policy...

10,000% seems a bit excessive. I've heard Ivy talking heads calling for 4-6%. 

10,000% over 20 years is 25% per year.

6% per year over 20 years is 320% - is that what you want?

[DGuller]

Who says we need it for 20 years?

[Neil]

The government will still penalize you financially when they make mistakes. Look at the situation we're in now. The value of currency dropping, the prospect of inflation, or at the very least, other major economic troubles continuing at least into 2013. The idea with having non-fiat currency is that people are not likely to tolerate aggressive wars that are not to serve a truly noble purpose. In short, it wouldn't keep us out of WWII, but it would have probably kept us out of Iraq, or if not kept us out, it would have vastly shortened our engagement. I don't see how that's a bad thing.

Because it's better for a government to have more freedom of action, rather than less.

[DGuller]

Perry officially in.  The guy always gives me slime vibes when I see him on some shows. 

[Fate]

We're glad to get rid of him, if only until November of 2012. 

[dps]

Perry's leadership is basically to ignore problems and put them off as long as possible

So he's sort of a white version of Obama, then.  Hmm.  Maybe he *can* win.

[dps]

The government will still penalize you financially when they make mistakes. Look at the situation we're in now. The value of currency dropping, the prospect of inflation, or at the very least, other major economic troubles continuing at least into 2013. The idea with having non-fiat currency is that people are not likely to tolerate aggressive wars that are not to serve a truly noble purpose. In short, it wouldn't keep us out of WWII, but it would have probably kept us out of Iraq, or if not kept us out, it would have vastly shortened our engagement. I don't see how that's a bad thing.

People don't have any foresight when it comes to our economic problems anymore. Just because you aren't paying for something NOW doesn't mean you won't pay, exponentially, down the road, in "hidden" ways. Why do you think the government is so keen on inflating the money supply? We get to go to wars we shouldn't be in, and have programs we can't afford that increase the authority and scope of government,  while the average taxpayer just says 'Wow, those greedy companies keep raising prices at the grocery store!' They don't realize that the Fed's quantitative easing can cause inflation, that all these things are connected in the broader market.

These are absurd arguments. 

While I don't necessarily agree with all of Raz's arguments, I do have to agree with the basic sentiment expressed above.  A good argument for an economic policy would be its positive economic benefits, not its foreign policy benefits.  Especially when those claimed foreign policy benefits seem unlikely.

[Razgovory]

Governments didn't adopt fiat currency out of some conspiracy to incontinence you...

Heh.

Actually, I did see that after I posted it, but didn't edit it, as I also found it amusing.

[Kleves]

Bachmann won the straw poll. http://firstread.msnbc.msn.com/_news/2011/08/13/7366544-bachmann-wins-ames-straw-poll

And Kleves moves one step closer to joining the party of treason. 

[FunkMonk]

Bachmann won the straw poll. http://firstread.msnbc.msn.com/_news/2011/08/13/7366544-bachmann-wins-ames-straw-poll

And Kleves moves one step closer to joining the party of treason. 

Ya can't spell 'treason' without 'reason'. 

[Razgovory]

Perry officially in.  The guy always gives me slime vibes when I see him on some shows. 

A poor man's George W. Bush.