Wheels within wheels.

[Galen]

(08-19-2018, 11:57 PM)pbrower2a Wrote:

(08-19-2018, 10:26 PM)Galen Wrote: Debt loads going exponential is a key sign that always tells you that the status quo is coming to an end.  It is not clear what will replace it but confidence in the state will take a huge hit simply because it has been the preeminent institution for the last century or so.  This has been the pattern of Western history since the Roman Empire and so it seems unlikely that this pattern will change in the near future.

Debt loads can grow with the population and with productivity, or both. Metallic currency is unlikely to outpace population growth.

At every turn you demonstrate your utter lack of knowledge in economics.  Commodity money does not have to outpace population growth.  What you will get as productivity increases will be a 1% to 2% price deflation every year which is what happened in the US through the late nineteenth and into the early twentieth century.  Think for a moment even if wages remained static then purchasing power of money would increase.  Instead of the poor losing ground every year they would be coming out ahead just by saving with out any risk at all.

Did it ever occur to that having the Fed creating money that is then handed to already wealthy politically connected interests is contributing to [url="https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/2017-economic-commentaries/ec-201701-monetary-policy-and-inequality.aspx]wealth inequality[/url] you libtards keep whining about.  Even the idiots at the Fed are starting to figure this one out.

You are so stupid that someone has to remind you to keep breathing.