Quick reminder that Hitler "getting rid of usury" was just him implementing a 0% interest rate policy (negative...

Quick reminder that Hitler "getting rid of usury" was just him implementing a 0% interest rate policy (negative accountig for inflation). That's exactly what the sworn enemies of pol (((central banks))) (use of triple parentheses is ironic) aim for to create an illusion of a thriving economy.

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Hitlerian currency wasn't subject to inflation in the fiat sense. It was labor-backed, so that each deutschmark was backed by a completed hour of German labor, or by the promise of completed hours of German labor. As mechanization and productivity improved, so did the value of each mark. So while in fiat currency you are used to inflation as a constant, inflation does not exist in the German mark as it does in fiat, because the amount of currency issued does not determine the value of currency, but rather the labor determines the value. As long as labor backed each deutschmark, each mark was worth that labor.

It's all outlined by Gottfried Feder.

For comparison, does inflation exist in a gold-backed model? No, not as long as each monetary unit is backed by gold as-issued. Because then each monetary unit is exchangeable for a concrete reality.

This

Kikebergtarians are so worthless

Hurr Durr muh shiny rawks

Fun fact: shiny rocks don't increase production, they're just inanimate objects

Now, at no point did I endorse gold-backed currency. What I did was make a comparison to a more simple currency system so as to help you understand how currency can be backed with real-life objects.

And that problem? That shiny rocks don't increase production? That's exactly the problem that labor-backed currency solves. Because to create some, you have to put people to work. Then, to get money back, you have to profit from their work. That's why Hitler's economy thrived, not because of a keynesian 0% interest.

fpbp

oh look. someone who took econ 101 at their local community college

well let me to be the first to point out that you are wrong. inflation does exist in a gold backed model.

try and understand that if suddenly a large amount of gold is found, the value of it 'somehow' goes down, due to there being more of it, devaluing the amount it was currently at.

Have you never read Summa Theologica? Usury is evil, so is selling or buying goods at any price other than their actual cost.

They don't teach you about bank rates in eco 101

Hitler also did a lot of socialist autism where he'd pay workers with "workers coupons" that could only be exchanged for food and clothes and rent and he promised them they'd be able to exchange them for real money eventually and when that failed to materialize it's time to go to war coincidentally. Same thing's probably going to happen in the West next financial crisis btw get ready to die in Iran.

maybe at your school they dont.

Sounds kinda bullshit.

You'd need to find a fuckton of gold to influence it's general value even a little. Not happening any time soon.

thats not what you said nor what you were expressing.

i am saying that if you do find some gold (not impossible) then that would greatly influence the amount that the gold was previous worth. seeing as we do not know the exact amount of gold being held at Fort Knox, some people (jews) could say that there is a sudden influx of gold, thus devaluing the currency if were gold backed.

this is exactly why nixon got us off the gold standard and why we are not on it today.

Aquinas was a moron.

>Assuming every hour of labor is worth the exact same amount, regardless of activity.
Sounds borrowed from marxist labor theory of value.
The only way to determine how much (and even this is aprox) an hour of labor is worth is how much the employer is willing to pay. And even if the german government was using the average of every salary or was printing one mark for every mark earned by every worker, which is impossible and not what you said, even then you wouldn't "get rid of inflation", only create enough inflation to prevent falling prices (which aren't actually bad). You would be reducing the value of each mark every time someone earned one. It's just like taxing every mark you earn

Oh look, someone who read a two paragraph comment on the internet once, from a random nazi who probably had no formal education on economics.
And wtf is a local community college. US education system is almost as retarded as public education in my third world shithole run by niggers.

-

That's what the Spanish Empire said, lol

then the mass inflation of gold wrecked their shit.

>shiny rawks™ are inherently more valuable as a unit of account than any other form of money

lol

>someone who read a two paragraph comment on the internet once
getting a degree in economics FTFY.

>and wtf is a local community college. US education system is almost retarded as public education in my third world shithole
gonna stop you there. no our education is not as retarded as your shit hold country. but anyways. you couldnt make an argument. you clearly dont know what you are talking about. seen clearly as the lack of points you dont know how to make. gg try again in 4 years faggot.

Good goy, every time you earn a dollar the government should create another one! This doesn't take value away from the one you earned!

Did I say anything about gold? Fucking retard. Just gies to show why you support this shitty idea.
There are aninals that are smarter than you

>Hitler was a manipulative liar
Would have never guessed.

I made an argument as a response to someone who actually made one. You didn't make one, so I responded the way you shoukd respond to a retarded 15 yo LARPing as a nazi.

>aninals that are smarter than you

said the South American

Anyway you have no idea what you're talking about. The whole point of a labour backed system is just a way to try and explain that nation's can print their own sovereign currency at will.

The value of a country's dollar is based on its productive capacity and nothing else.

He actually had great ideas. Or rather he used the great ideas of genius German economists

> Try and explain
Says someone who doesn't even know how to speak his own language.
No, the whole point of labour backed currency is trying to justify a low inflation policy. A central bank limiting it's emission and aiming for 0% inflation is by definition the equivalent to what you are proposing (after taking care of not knowing how much each hour of labour is worth)

>trying to justify a low inflation policy.

There's no need to try and justify a low inflation policy when it's objectively the best system.

The point of a nationally sovereign currency is to maintain a low inflation policy while AT THE SAME TIME limiting or abolishing parasitic banking financial extraction from the economy via rents, interests, credit/debt bubbles, etc.

There's no other way to do it. In our modern central banking kike system the banks create as much debt as they want and flood the entire world with toxic debt. In a gold standard where no banking is allowed you get a stagnant feudal style economy.

In a system where some banking is allowed , but with no regulation, you get fly by night wildcat banking where everyone's savings get wiped out every 4 years. The wildcat banking system was thoroughly discredited in the 1800s after people got sick of losing their savings so frequently.

German banking, which preceded Hitler by the way, is objectively the best system because it ensures production, investment, saving, a low level of inflation, AND prevents the current debt and equity bubbles current ruining the world.

i'm merely pointing out that you do not know what you are talking about and that your lack of arguments are clearly shown by your personal insults.

labor backed currency only works when there is a need for labor.

to explain further. there is currently not enough well trained/well skilled labor to supply that need. thus it is not feasible to believe in until that labor of skill is met.

im not saying you are wrong. im just saying im disagreeing with your argument.

Low inflation is still inflation. Deflation is not bad, it's the only way to allow workers to keep the full value of their work.
You then talk about rent, which is just an alternative to buying for people woth a low income/savings. If you don't like it, don't take part in it. You talk about interest. It's just a rate (agreed on by both parties) representing time preference of money, as present value is higher than future value (deflation could have interesting effect on this). Credit/debt bubbles can still happen woth a low inflation policy.
Your policy is just a nice way of saying "still have the central bank print money, but just a little less money."

>labor backed currency only works when there is a need for labor.
The point is that there is no such thing as labour backed currency. It's just an inaccurate way of targeting 0% inflation.
I didn't understand the next paragraph, it doesn't seem to be an argument though.

inflation is going to occur regardless of what you feel or do. the more people that force themselves into you country, create more inflation. there is nothing you can do to stop inflation. only make it manageable.

i agree. labor backed currency does not work nor is it feasible.

Yeah but who enforces the NAP?

No, inflation doesn't occur if you don't dilute the value of money by printing more.

The NAP is just a nice moral compass, but it all comes down to people punching back. Conflict is not desireable, you will generally avoid it. In an ancap society I guess insurance companies would take cade of that. Anyway ancap might work and it might not. I prefer a small local governance with a private justice system where you could buy the rights to retribution for crimes (you pay poor person to "own" the crime commited unto him and you are able to sue as if you were them) and a police department.

yes it does. if the population of your country continues to rise but there is only a fixed amount of money to go around, yes the value will go down.

that is why the inflation rate SHOULD be around 3 percent. because that is related to the amount of people who are entering the country that need money.

it is also representative to increased costs in social security that needs to be paid our as well as medicare.

correct me if im wrong. but im also pretty hammered.

Bump for truth.
Also the bonds.

>use of triple parentheses is ironic
you literally can't make this shit up

>Low inflation is still inflation.

Which is good

>Deflation is not bad,

Deflation is incredibly bad. The period with the most deflation worldwide was the Great Depression.

>the only way to allow workers to keep the full value of their work

It's the only way to make sure your economy dies through a deflationary spiral.

>You then talk about rent,

rent, interest, etc are parasitic and extraction. You don't produce anything by charging usury.

>time preference of money,

Which produces nothing

>Credit/debt bubbles can still happen woth a low inflation policy.

Not if you have banned usury/speculation/securities fraud which is what caused the sub prime bubble and has now caused the enormous stock/equity/bond bubble we are currently in.

>"still have the central bank print money, but just a little less money."

No it's a complete dismantling of the FED and the current banking cartel and a replacement with a sovereign banking system.

Inflation will still occur, but there will by a continuous cycle of bank created credit/money and then those banks failing and wiping out all their customers' savings.

Banks create money out of nothing. That's the fact that libertarians will never accept due to their shiny rock fetish.

Well it may well have been borrowed - ns is still socialismus.

Lot more than just that:

Hard to destroy, hard to counterfeit, compact for storage, very rare, non-consumable, no value outside being currency ergo it is the perfect currency.

There's a reason gold was used as currency historically. It werks.

>Deflation is incredibly bad. The period with the most deflation worldwide was the Great Depression.
Correlation is not causation.
I won't answer the rest. It's late and I'm not down for arguin with a commnist who thinks he is something else. I will just guess that we should burn houses that would be for rent (or steal them) and we should not use debt to finance investment projects. Let's just make million dollar investments in cash.

Friedman and Rothbard were kikes. That's true. It's the age-old double-Jewish identity. Read "You Gentiles" to hear the JQ from a Jew.
Feder and Keynes aren't redpilled just because they happen to be white.
>That's exactly what the sworn enemies of pol (((central banks))) (use of triple parentheses is ironic) aim for to create an illusion of a thriving economy.
Isn't the Fed lending out money to the US government at interest, the same Fed lined with the same Jews who opened up the border to welfare dependents? Now, the US is stuck in a welfare loop that it cannot get out of, and it isn't making a profit. How can you ever intend to pay anything off, you'll just need to loan more out. Not even mentioning the neo-con lobby, either.

>no value outside being currency

lol no

>it is the perfect currency.

it's not terribly different from any other sort of metal. You just obsess over it due to the color/sheen. Other metallic currencies have been used over the years along all sorts of other
Prior to metallic currencies all sorts of commodity money was used.

But what's more is that the original form of money has always been credit/debt. No matter what credit will always exist and it should therefore be regulated to prevent situations like our current horrible circumstances

>muh communism
>Correlation is not causation.

The causation was a deflationary spiral brought about by the stock bubble and subsequent crash. After that people didn't want to spend money, meaning no one was buying goods and services, leading to an endless cycle of recession.

>we should burn houses that would be for rent

Or you could just remove the speculation that is making housing insanely expensive.

>Correlation is not causation.
youtube.com/watch?v=bvmhHXfJzFg
Not an argument. It's a weak way of dismissing a relationship without presenting counter-evidence. Pointing out one of the factors does not dismiss other possibilities. He isn't saying it (deflation) was the only cause that would bring about the Great Depression, but that it certainly accelerated it. Your point applies to "nickels decrease and pirates decrease, so lowering nickels also lowers pirates". It could be true, but you need to test your hypothesis, replicate it, etc.
It just so happens that there is literature surrounding deflation at that time. It isn't a negligible factor and pointing it out is relevant to the discussion. Making points without evidence dismissing factors on a whim is not.

>Feder and Keynes aren't redpilled just because they happen to be white.

They definitely were although Keynes is more impressive since he was a literal faggot Britcuck, but somehow figured out that Anglo banking was retarded.

>Isn't the Fed lending out money to the US government at interest,

Yes but only because we created a law saying as such. We can and should destroy the FED immediately and delegate money creation to the treasury.

When the FED "creates" money it is just magicking it into existence out of thin air. It printed $14 trillion out of nothing to give to the wall street banks after the wall street banks destroyed the economy with sub prime mortgages.

Just saying there are a lot of whites who aren't redpilled. You aren't redpilled because you are white. You have potential for greatness, but whites have been conditioned to have some guttural response to pride for their own. Not very redpilled. But that's changing soon. Keynes was a pedo, wasn't he?
>Yes but only because we created a law saying as such. We can and should destroy the FED immediately and delegate money creation to the treasury.
Sounds like a plan.
>When the FED "creates" money it is just magicking it into existence out of thin air.
Yeah, I've been getting into Werner recently: youtube.com/watch?v=EC0G7pY4wRE