I used to be a RonPaul2012 and sort of just passively accepted the whole 'end the fed' thing because it made sense that if I didn't want the government controlling aspects of my life I wouldn't want them to control the money supply either.
But wouldn't we be worse off without the fed? Without them manipulating the money supply and interest rates wouldn't recessions be worse and longer? I get that the general consensus from conservatives is that inflation is bad? Buy why? If interest rates go down as a result of inflation theres more investment and more people are out there buying things, wages go up, so it doesn't even matter. Now you've jump started the economy and you don't have to worry about high rates of unemployment and poverty.
So why does it matter if the value of the dollar goes down? People can't save?
You'd see some interesting things like prices going down and nobody really getting poorer, but then farmers would start campaigns that support free silver because they can't comprehend a strengthening dollar. en.wikipedia.org/wiki/Free_silver
tfw the jews are so fucking BTFO that they are making threads on the FED being a good thing now.
HOLY SHIT!!!
Jace Powell
PEACE AND PROSPERITY
Robert Brooks
if i stick my dick up your ass and adjust the frequency of thrusts based on how much pleasure your prostate is experiencing, you're still getting fucked in the ass and will almost certainly end up with a prolapsed rectum in good time
tl;dr >gold standard is unstable and not a viable currency, susceptible to fraud and dependent upon mining >they are openly anti-scientific, rely on "praxeology", they are philosopher at best >dumb ideology funded by koch brothers think tanks to convince ignorant armchair economists >every prediction they had is proven wrong >they business cycle theory is wrong >they don't use scientific method, no maths, no statistics, nothing, just speculation >only used as political rhetoric by ron paul to rile up his gadsen-flag hillbilly voterbase >all of peter schiff's predictions are wrong, he has been preaching doomsday for decades >mainstream economics agrees with less than half of their policy >literally no respects austrian economists today, abandoned as early as 1950's >only good thing to come out of it was Hayek, who wasn't even Austrian since he rejects praxeology. He contributed to price theory, and added to the socialist calculation problem. Also his philosophy is superior and way more nuanced compared to mises/rothbard.
Anthony Stewart
top global econ journals, ZERO positive austrian results, all negative! outdated! wrong! pseudoscience!
Ryan Dawson - War By Deception [contains info on how ((neocons)) used 9/11 to get us into Iraq] >youtube.com/watch?v=UoB80Yk9NYg
Israel Mossad Chief - Juval Aviv, (mossad agent on whom the movie 'Munich' is based) >youtube.com/watch?v=FR7ioRALGaw tries to cover for Israel but ends up admitting a lot
2.40 'there is no doubt that there were various Israeli teams in America... who were MONITORING terrorist networks...
3.08 'Israel had [the 9/11] information that they were giving the American government..'
continues to blame the CIA for storing bombs in the towers
Lucas Evans
>muh (((economists)))
Nathaniel Ramirez
White societies can work with handshakes, IOUs and promises. You know why? We're not lying scheming jews.
Justin Martinez
Never trust the banks.
Joshua Nguyen
>lmao @ empiricism science is for niggers >are you a nerd or something lmao? statistics is bullshit
Dominic Miller
The fact that you can't understand how only being able to buy $7 worth of goods with $10 is bad is completely baffling to me.
Juan Mitchell
>But as long as people are investing a devaluing dollar doesn't really hurt anyone.
A. They're not. B. If investment were some kind of end all be all magic bullet to economic problems, why not have a 90% flat income tax and have the state just "invest" most of that revenue?
Caleb Peterson
it all depends on the details and economic circumstances
Ian Ramirez
>Austrian-Hungarian economics >founded by Koch brothers
Stopped right there.
Charles James
Farmers are a dead class. It's all corporatized now. Any assumption made on farmers as a political base is going to be way off.
Samuel Thomas
A devaluing dollar encourages a debt-based economy, which is beneficial to lenders at the expense of literally everyone else.
so therefor if people voluntary lend money, people accept it, they suffer? you are retarded
Chase Kelly
In a system where the lending has an implicit value drop over time, you can't hold any value indefinitely. It ruins your ability to plan and save, because it's always better to spend money immediately.
