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jrodefeld posted:victorious would be one that serves the needs of the people. This is just easily demonstrably false. The boom and bust cycle predates the setup of central banking. By a lot. quote:Since people will be transacting in different currencies and people are free to switch to a different medium of exchange the minute one currency begins to lose its value, this would prevent unnatural bubble formation. The market tends towards equilibrium and slow, steady growth over time. Switching between currencies would very much be a boom and bust scenario in and of itself. You appear to lack any capacity for examining your own arguments critically, you also appear to not know anything about history.
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Aug 10, 2014 09:49
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| # ¿ May 6, 2024 08:16 |
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I know you're pages behind, but how do you defend claiming boom and bust have anything to do with centralized banking when they're observable pre-centralized banking? Is this just a direct lie on your part or were you really ignorant of that?
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Aug 11, 2014 00:30
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Okay. Do you understand that there are boom and bust cycles in England before there was a Bank of England or any state bank in England? And do you understand that, after its nationalization, England had fewer boom-bust cycles than before that time? I know that it's a thing with Libertarians to only look at the US, but if you're talking about central banking you should really be talking about the Bank of England.
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Aug 11, 2014 02:06
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StandardVC10 posted:
It was mainly importing vast amounts of silver that hosed them (and the rest of the world) but yeah, the Spanish Empire is a perfect example of why tying your monetary policy to a particular metal is dumb, it's like the alchemy version of economics.
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Aug 11, 2014 02:12
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Why can't more libertarians be Georgists, who are at least interesting and have an economic philosophy taht's not based on avoiding reality? Hell, they're libertarians that support a guaranteed minimum income.
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Aug 11, 2014 02:18
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Verus posted:But don't worry---there will be absolutely no criminal fraud or deception in Libertopia! No, the fraud and deception will be taken care of by damaging the reputation of the person engaging in it. For example, now that Jrod knows that Molyneux fraudulently uses sockpuppets to support himself, he won't be trusted or used as a source anymore.
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Aug 11, 2014 11:26
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| # ¿ May 6, 2024 08:16 |
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Who What Now posted:Well, it's been almost two whole days since jrod posted in his own thread. Who wants to start taking bets on when/if he'll be back? Yeah, how hard is it to type out posts that are basically "You are wrong. Here is a link to Von Mises."?
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Aug 13, 2014 13:44
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