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Thread: The Case For A Gold Standard

  1. #1



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    Maybe after a wealth purge? End the interventionist state. Then zero-out the account balances of those whose wealth is the result of fiat fraud.

    I understand it sounds like I'm not respecting property rights, but what happens when the unit of account no-longer represents earned income, but fraudulent income?

    What percentage of money held now is truly earned? What percent was printed and given (through various schemes of indirection) to friends of the fiat regime?

    Joe Salerno gives us pause to consider the results of inaction: https://mises-media.s3.amazonaws.com...%20Salerno.mp3
    Last edited by merkelstan; 12-04-2018 at 04:31 AM.
    The sycophant masses are the most crushing rebuttal to my contention that man should be free. They prove by their actions they are not worthy of freedom, because they do not display the capacity for independent thought.

  4. #3
    Quote Originally Posted by merkelstan View Post
    Maybe after a wealth purge? End the interventionist state. Then zero-out the account balances of those whose wealth is the result of fiat fraud.

    I understand it sounds like I'm not respecting property rights, but what happens when the unit of account no-longer represents earned income, but fraudulent income?

    What percentage of money held now is truly earned? What percent was printed and given (through various schemes of indirection) to friends of the fiat regime?

    Joe Salerno gives us pause to consider the results of inaction: https://mises-media.s3.amazonaws.com...%20Salerno.mp3
    There is a point where that would be necessary in spite of the terrible precedent it would set, I'm not sure if we have reached it yet though.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  5. #4
    Quote Originally Posted by merkelstan View Post
    Maybe after a wealth purge? End the interventionist state. Then zero-out the account balances of those whose wealth is the result of fiat fraud.

    I understand it sounds like I'm not respecting property rights, but what happens when the unit of account no-longer represents earned income, but fraudulent income?

    What percentage of money held now is truly earned? What percent was printed and given (through various schemes of indirection) to friends of the fiat regime?

    I would be okay executing any elected politician who proposed this.....

    We're not Making America Venezuela Again.



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