Bernanke's Solutions are the Problem
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http://mises.org/daily/4798[^] Think about it. Think about the prices of EVERYTHING going up, not just commodities. (BTW, since I bought my silver, I've realized a 50% profit.) Yes, the market reacts quickly to politicians and what they say... but eventually the market just adjusts for itself. Think about the monetary inflation. Think about the fiddling of interest rates. Just think outside of your "beliefs" and look at the numbers, look at facts. Political economies do not last. If this economy was free of intervention, we'd be a lot more safe. I do fear for hyperinflation at this point. I'm glad I got some silver.
Josh Davis
This is what plays in my head when I finish projects. -
http://mises.org/daily/4798[^] Think about it. Think about the prices of EVERYTHING going up, not just commodities. (BTW, since I bought my silver, I've realized a 50% profit.) Yes, the market reacts quickly to politicians and what they say... but eventually the market just adjusts for itself. Think about the monetary inflation. Think about the fiddling of interest rates. Just think outside of your "beliefs" and look at the numbers, look at facts. Political economies do not last. If this economy was free of intervention, we'd be a lot more safe. I do fear for hyperinflation at this point. I'm glad I got some silver.
Josh Davis
This is what plays in my head when I finish projects.josda1000 wrote:
If this economy was free of intervention, we'd be a lot more safe.
No matter how many times someone points out the massive failures of free economies you'll believe that won't you. I can't disagree on the federal interest rate being to low for to long, but the magical free market is hardly the answer to it's own failures. It's going to cause issues at some point, but with how much people scream whenever something costs them more and they can actually blame someone I doubt it's going up any time soon. Looking over the article I don't see any actual evidence of increased inflation, I just see "If you operate off the assumptions of an economic theory which has never actually worked, we're all going to die". Inflation happens, it's happened for years, and to be perfectly honest it's the basics of the free market that do it. That mixture of human greed, need and stupidity that we call an economy is hardly self correcting anywhere outside of a economics classroom, at least without major collapses which have historically caused nations to collapse or cause massive reforms to be implemented. For the heck of it I've looked up the inflation figures for the last couple years, by month: Wessa gonna die?[^] No, a rough estimate based on those numbers would make the last 3 years average out to slightly below the average inflation of the previous five, including the deflationary numbers we posted the midpart of last year. That said, before inflation gets back to it's typical place we would need to already have the regulatory measures back to where they should be to maintain it at a steady pace, rather than letting it explode out of control, but simply stated, we aren't there yet and it doesn't look like we will be for a while yet.
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josda1000 wrote:
If this economy was free of intervention, we'd be a lot more safe.
No matter how many times someone points out the massive failures of free economies you'll believe that won't you. I can't disagree on the federal interest rate being to low for to long, but the magical free market is hardly the answer to it's own failures. It's going to cause issues at some point, but with how much people scream whenever something costs them more and they can actually blame someone I doubt it's going up any time soon. Looking over the article I don't see any actual evidence of increased inflation, I just see "If you operate off the assumptions of an economic theory which has never actually worked, we're all going to die". Inflation happens, it's happened for years, and to be perfectly honest it's the basics of the free market that do it. That mixture of human greed, need and stupidity that we call an economy is hardly self correcting anywhere outside of a economics classroom, at least without major collapses which have historically caused nations to collapse or cause massive reforms to be implemented. For the heck of it I've looked up the inflation figures for the last couple years, by month: Wessa gonna die?[^] No, a rough estimate based on those numbers would make the last 3 years average out to slightly below the average inflation of the previous five, including the deflationary numbers we posted the midpart of last year. That said, before inflation gets back to it's typical place we would need to already have the regulatory measures back to where they should be to maintain it at a steady pace, rather than letting it explode out of control, but simply stated, we aren't there yet and it doesn't look like we will be for a while yet.
Distind wrote:
No matter how many times someone points out the massive failures of free economies you'll believe that won't you.
It is propaganda developed by the power mongers and politicians so they can convince everyone they deserve power over you.
Distind wrote:
but the magical free market is hardly the answer to it's own failures.
The free market is just people like you and me working, selling, and buying things without some corrupt institution scientifically manipulating us for political gain.
Distind wrote:
Inflation happens, it's happened for years, and to be perfectly honest it's the basics of the free market that do it.
No it is not, you are a god damn mother fucking moron. If it weren't for an increase in the money supply, there would be no inflation! You are fucking worthless and need to be taught a lesson one way or another. You are a government propaganda parrot. You are scum.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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josda1000 wrote:
If this economy was free of intervention, we'd be a lot more safe.
No matter how many times someone points out the massive failures of free economies you'll believe that won't you. I can't disagree on the federal interest rate being to low for to long, but the magical free market is hardly the answer to it's own failures. It's going to cause issues at some point, but with how much people scream whenever something costs them more and they can actually blame someone I doubt it's going up any time soon. Looking over the article I don't see any actual evidence of increased inflation, I just see "If you operate off the assumptions of an economic theory which has never actually worked, we're all going to die". Inflation happens, it's happened for years, and to be perfectly honest it's the basics of the free market that do it. That mixture of human greed, need and stupidity that we call an economy is hardly self correcting anywhere outside of a economics classroom, at least without major collapses which have historically caused nations to collapse or cause massive reforms to be implemented. For the heck of it I've looked up the inflation figures for the last couple years, by month: Wessa gonna die?[^] No, a rough estimate based on those numbers would make the last 3 years average out to slightly below the average inflation of the previous five, including the deflationary numbers we posted the midpart of last year. That said, before inflation gets back to it's typical place we would need to already have the regulatory measures back to where they should be to maintain it at a steady pace, rather than letting it explode out of control, but simply stated, we aren't there yet and it doesn't look like we will be for a while yet.
Distind wrote:
No matter how many times someone points out the massive failures of free economies you'll believe that won't you.
It's funny that liberals are named as such... originally liberals were the ones who wanted to be free of government intervention, in all cases. Anyway. Yes, I will. Because I've argued against Ian a few times, and a few others as well, point for point.
Distind wrote:
I can't disagree on the federal interest rate being to low for to long, but the magical free market is hardly the answer to it's own failures.
The failures were caused by interventionism. QE will not help anything. Interest rates rising will cause another collapse (and they must inevitably be raised.) Once the interest rates rise higher, this will signal that the banks have to become more responsible because they'll have to pay them back. This will cause interest rates to rise on all loans... causing another housing crash, or whatever the bubble is today. And no, don't tell me it's gold/silver/commodities. Because I'll tell you, you will not see a significant dip in that sector. The market is a part of nature, because we (people) ARE the market. It's like saying that wings need to be clipped off birds because they cause their own killing when flying into a window. Or it's like saying that mice cause their own death by dwelling in someone's house and then stepping on a mouse trap.
Distind wrote:
It's going to cause issues at some point, but with how much people scream whenever something costs them more and they can actually blame someone I doubt it's going up any time soon.
It already is. Are you blind? Check out the price changes in food over the last few months. Or pretty much any other price. And why is this? Maybe, just maybe, it's because of "quantitative easing", which is the very definition of inflation (no matter how much you Keynesians wish to not believe it) or the interest rates.
Distind wrote:
Inflation happens, it's happened for years, and to be perfectly honest it's the basics of the free market that do it.
TOTALLY IGNORANT. You want to know what a free market looks like? Try the United States from 1860ish to 1913. There was no central bank. The dollar rose in value 13%... causing prices to drop. Why did it rise? Because there was
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Distind wrote:
No matter how many times someone points out the massive failures of free economies you'll believe that won't you.
It's funny that liberals are named as such... originally liberals were the ones who wanted to be free of government intervention, in all cases. Anyway. Yes, I will. Because I've argued against Ian a few times, and a few others as well, point for point.
Distind wrote:
I can't disagree on the federal interest rate being to low for to long, but the magical free market is hardly the answer to it's own failures.
The failures were caused by interventionism. QE will not help anything. Interest rates rising will cause another collapse (and they must inevitably be raised.) Once the interest rates rise higher, this will signal that the banks have to become more responsible because they'll have to pay them back. This will cause interest rates to rise on all loans... causing another housing crash, or whatever the bubble is today. And no, don't tell me it's gold/silver/commodities. Because I'll tell you, you will not see a significant dip in that sector. The market is a part of nature, because we (people) ARE the market. It's like saying that wings need to be clipped off birds because they cause their own killing when flying into a window. Or it's like saying that mice cause their own death by dwelling in someone's house and then stepping on a mouse trap.
Distind wrote:
It's going to cause issues at some point, but with how much people scream whenever something costs them more and they can actually blame someone I doubt it's going up any time soon.
It already is. Are you blind? Check out the price changes in food over the last few months. Or pretty much any other price. And why is this? Maybe, just maybe, it's because of "quantitative easing", which is the very definition of inflation (no matter how much you Keynesians wish to not believe it) or the interest rates.
Distind wrote:
Inflation happens, it's happened for years, and to be perfectly honest it's the basics of the free market that do it.
TOTALLY IGNORANT. You want to know what a free market looks like? Try the United States from 1860ish to 1913. There was no central bank. The dollar rose in value 13%... causing prices to drop. Why did it rise? Because there was
Are you stocking up on food? Once inflation starts to pick up enough for the bulk of the population to start worrying about how they are going to feed themselves and their family, storable foods will fly off the shelves. I suspect it will happen all at once and after that it will be too late to stock up on food.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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Are you stocking up on food? Once inflation starts to pick up enough for the bulk of the population to start worrying about how they are going to feed themselves and their family, storable foods will fly off the shelves. I suspect it will happen all at once and after that it will be too late to stock up on food.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
Yeah you're right, I should be. I suggest we get this done within a year. I expect price inflation to really hit in 2012 (appropriate with all of the mayan crap on the web lol). If they really do have two more rounds of QE, we're screwed. Of course, "capitalism" will be blamed by some on this site... but I know more libertarians every day, and just found out that my friend is now libertarian because of me and the show, and my tweets on twitter lol If enough people wake up, it'll be great.
Josh Davis
This is what plays in my head when I finish projects. -
Yeah you're right, I should be. I suggest we get this done within a year. I expect price inflation to really hit in 2012 (appropriate with all of the mayan crap on the web lol). If they really do have two more rounds of QE, we're screwed. Of course, "capitalism" will be blamed by some on this site... but I know more libertarians every day, and just found out that my friend is now libertarian because of me and the show, and my tweets on twitter lol If enough people wake up, it'll be great.
Josh Davis
This is what plays in my head when I finish projects.josda1000 wrote:
Yeah you're right, I should be. I suggest we get this done within a year.
It is best to do it a little at a time, make a habit of getting a weeks worth of storable food to put away each time you go to the grocery store. By the time it hits, you will be set. A recovery will likely take a bit of time so I wouldn't settle for only a little bit of storable food. I wouldn't worry about it going to waste. Think of it as insurance, you might not ever need it but if you do you will be glad you had it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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josda1000 wrote:
Yeah you're right, I should be. I suggest we get this done within a year.
It is best to do it a little at a time, make a habit of getting a weeks worth of storable food to put away each time you go to the grocery store. By the time it hits, you will be set. A recovery will likely take a bit of time so I wouldn't settle for only a little bit of storable food. I wouldn't worry about it going to waste. Think of it as insurance, you might not ever need it but if you do you will be glad you had it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
Here you go guys. http://www.dailymail.co.uk/news/worldnews/article-1258913/Happy-1st-birthday-Mother-keeps-McDonalds-Happy-Meal-year--gone-off.html[^] http://aht.seriouseats.com/archives/2008/09/12-year-old-mcdonalds-hamburger-still-looking-good.html[^] Do I need to mention u can pick them up at work? No? Good.
pseudonym67 My Articles[^] Personal Music Player[^]
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Distind wrote:
No matter how many times someone points out the massive failures of free economies you'll believe that won't you.
It is propaganda developed by the power mongers and politicians so they can convince everyone they deserve power over you.
Distind wrote:
but the magical free market is hardly the answer to it's own failures.
The free market is just people like you and me working, selling, and buying things without some corrupt institution scientifically manipulating us for political gain.
Distind wrote:
Inflation happens, it's happened for years, and to be perfectly honest it's the basics of the free market that do it.
No it is not, you are a god damn mother fucking moron. If it weren't for an increase in the money supply, there would be no inflation! You are fucking worthless and need to be taught a lesson one way or another. You are a government propaganda parrot. You are scum.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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CaptainSeeSharp wrote:
If it weren't for an increase in the money supply, there would be no inflation!
I thought you were of the Austrian persuasion?
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CaptainSeeSharp wrote:
Your point?
"If it weren't for an increase in the money supply, there would be no inflation!" seemed a strange remark for a disciple of von Mises.
ict558 wrote:
"If it weren't for an increase in the money supply, there would be no inflation!" seemed a strange remark for a disciple of von Mises.
It isn't.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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ict558 wrote:
"If it weren't for an increase in the money supply, there would be no inflation!" seemed a strange remark for a disciple of von Mises.
It isn't.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
"Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check." von Mises, Ludwig (1951-4-6). "Economic Freedom and Interventionism". Economics of Mobilization. Sulphur Springs, West Virginia: The Commercial and Financial Chronicle.
CaptainSeeSharp wrote:
It isn't.
It is. If it weren't for [an increase in the money supply inflation], there would be no [inflation tendency for prices to rise]! is considerably more Austrian.