Fiat currencies are a WMD

[Cyclone Ranger]

Why don't YOU add something constructive for once, instead of unsubstantiated assertions? Beyond that, I'll put as much effort in my response to you as you did to mine...

I very constructively refuted your points. The time I put into doing so includes years spent learning about macroeconomics, something you've clearly failed to do.

Again, read The Wealth of Nations before you start bloviating again.

[Pints with Plato]

Paul Krugman is a nobel laureate in economics, and he was embarrassed on national television by an OB/GYN. No one - least of all me - cares about how long you or anyone else spent "learning about macroeconomics".

You've done no such thing. Assertions != Arguments.

Furthermore, most of your posts are caustic and extremely un-constructive and if one simply re-reads this thread they'll find that it was you who started with the inflammatory comments... so don't be so surprised when you get the same in return.

Again, you're the least interesting member I've encountered here.

[Cyclone Ranger]

No, it's your uninformed opinion he was embarrassed.

In reality, Paul's attempts at discussing economics were a joke, and Krugman trounced him. That, however, won't stop Paul's equally uninformed amen corner in the blogosphere from ignorantly and erroneously declaring a "victory."

[Cyclone Ranger]

No, plenty of arguments were made, which you ignored, because you simply don't know enough to debate economics.

Your only point of reference is nonsense you cut and pasted from Mieses.

[Freedom&Liberty]

Why don't YOU add something constructive for once, instead of unsubstantiated assertions? .

Because all of his evidence comes from his ass.

[Cyclone Ranger]

Bullshit. I can substantiate anything I say with cites directly from authorities like the BLS and DOL, and quotes from classic texts by Adam Smith, David Ricardo, and JS Mill.

The best you can do is cite Glen Beck and Ron Paul.

[Pints with Plato]

Good jumping jeebus on a pogo stick, this freaking retard thinks I'm quoting the mouth-breathing moron Glenn Beck??

You couldn't substantiate a solid bowel movement, let alone an economic argument. You're idea of a comment is the use of the word "Bullshit", unsubstantiated assertions, and ad hominems! I've had more substantive convos with my 7 year old stepson...

[garyd]

Who won an argument over economics is always subjective and almost always goes to the person whose opinion most nearly agrees with your own.

Again sir a Gold standard limits economic growth to the supply of gold on hand or forces devaluations in the currency. There is no way to avoid that with the Gold standard and that among other things is why Bretton-Woods collapsed. China is screwing us though currency manipulation. Under a gold standard you get screwed by everyone who isn't on a gold standard because your goods and service become too expensive to compete on the world market.

[Cyclone Ranger]

Good jumping jeebus on a pogo stick, this freaking retard thinks I'm quoting the mouth-breathing moron Glenn Beck??

You couldn't substantiate a solid bowel movement, let alone an economic argument. You're idea of a comment is the use of the word "Bullshit", unsubstantiated assertions, and ad hominems! I've had more substantive convos with my 7 year old stepson...

^ The heart of your "economic" argument: stupid flaming.

And, by the way, dumbass - my post obviously referenced F&L, not you.

[Cyclone Ranger]

Who won an argument over economics is always subjective and almost always goes to the person whose opinion most nearly agrees with your own.

That might be true in an argument over poetry or art, but not in an economics debate, which is always about verifiable facts and arguments.

Again sir a Gold standard limits economic growth to the supply of gold on hand or forces devaluations in the currency. There is no way to avoid that with the Gold standard and that among other things is why Bretton-Woods collapsed. China is screwing us though currency manipulation. Under a gold standard you get screwed by everyone who isn't on a gold standard because your goods and service become too expensive to compete on the world market.

Exactly.

[garyd]

Given that you and I can both find Nobel laureates in economics whose views vary drastically about a good many things, Friedman and Krugman coming immediately to mind, your first is entirely debateable.

[Cyclone Ranger]

That, however, is mostly a matter of political ideology, not economic fact.

[garyd]

Depends on how loosely you define fact.

[Cyclone Ranger]

Most of what's argued is values, not facts.

For example, few (probably no tenured economics faculty member at an accredited university, in fact) would deny that the gold standard causes higher unemployment. They might argue, however, about whether higher unemployment's undesirability is outweighed by a fixed exchange rate's utility.

[garyd]

That, given this thread, is a good example of an actual fact. The point I'm making is that while there are facts about which there is broad agreement it is in the interpretation of those facts that the argument lies.

[Pints with Plato]

For example, few (probably no tenured economics faculty member at an accredited university, in fact) would deny that the gold standard causes higher unemployment.

http://www.economicpolicyjournal.com...ls-are-as.html

Zzzz...

[Cyclone Ranger]

Right. No one knows anything except Ron Paul, and everyone should learn economics from YouTube.

[Pints with Plato]

So sad...

[Freedom&Liberty]

Depends on how loosely you define fact.

There are no real facts in CR's world. He's a genius in his own mind.

[Cyclone Ranger]

Your idea of a "fact" is whatever you wish was true, redneck.