TakeYouToTasker Posted October 2, 2012 Posted October 2, 2012 (edited) please stop the ad hom attacks and lets discuss the ideas. from my understanding austrian economics is bankrupt, as a finite money supply backed by gold would severly limit the ability of people to gain wealth. ( and would hinder the ability of an economy to recover, e.g. great depression)... among various other problems. in a private market, some banks might start handing out bank notes not backed by gold, which happened millions of times for centuries. only back then, they would hang the banker.... now we just bail them out... it's a very unstable system... again, the solution is not a monetary system, its creating abundance of resources and tech... For starters, I'm not a rigid Austrian. I'm completely opposed to a nationalized gold standard. The ideal monetary system would be based in free banking, using units of exchange backed by whatever standard the marker holder wished to own as a sort of mixed basket of competing currencies. Currencies backed by oil, lumber, gold, natural gas, iron... they would all compete and be freely exchanged. Current technologies would make this system easy to manage, as exchanges could all be held on a debt like card rather than carried physically. Resources will always be finite, which is what gives them intrinsic value. There are no technologies which render them limitless. Edited October 2, 2012 by TakeYouToTasker
MARCELL DAREUS POWER Posted October 2, 2012 Author Posted October 2, 2012 (edited) " there is an empirical order in nature" - peter joseph ie, a plot of land has what it has, and people have basic needs, thats not a matter of opinion... what we have is resources and tech, thats where we should focus... Edited October 2, 2012 by MARCELL DAREUS POWER
TakeYouToTasker Posted October 2, 2012 Posted October 2, 2012 Your last sentence contradicts your first two. You basically just stated, "All resources are finite therefor we must focus on infinite resources."
MARCELL DAREUS POWER Posted October 2, 2012 Author Posted October 2, 2012 (edited) Your last sentence contradicts your first two. You basically just stated, "All resources are finite therefor we must focus on infinite resources." no, the current condition is based on finite resources. tech can expand the lifetime of those resources, and some energy, ( like the sun), are limitless for all intents and purposes... but the tech has to catch up to harness it... but yeah, some resources are finite, some renewable.... For starters, I'm not a rigid Austrian. I'm completely opposed to a nationalized gold standard. The ideal monetary system would be based in free banking, using units of exchange backed by whatever standard the marker holder wished to own as a sort of mixed basket of competing currencies. Currencies backed by oil, lumber, gold, natural gas, iron... they would all compete and be freely exchanged. Current technologies would make this system easy to manage, as exchanges could all be held on a debt like card rather than carried physically. Resources will always be finite, which is what gives them intrinsic value. There are no technologies which render them limitless. some are, renewable energy is not.... other aspects of resources could be managed to keep them sustainable. if not, we fail as a humans... im not so sure we disagree. obviously, where human labor is needed, then surely austrian economics might be a good alternative. but the goals is to have basic needs met through tech and renewable energy... like i said, food and energy are a great place to start. Edited October 2, 2012 by MARCELL DAREUS POWER
/dev/null Posted October 2, 2012 Posted October 2, 2012 (edited) Hammer time! http://www.youtube.com/watch?v=WIHAkqCls4A Edited October 2, 2012 by /dev/null
Wacka Posted October 2, 2012 Posted October 2, 2012 MDP wants a society with no money because that's what Star Trek had.Then all the women with nice figures would be in those nice tight uniforms.
Jauronimo Posted October 2, 2012 Posted October 2, 2012 Your last sentence contradicts your first two. You basically just stated, "All resources are finite therefor we must focus on infinite resources." Don't you feel silly yet?
MARCELL DAREUS POWER Posted October 2, 2012 Author Posted October 2, 2012 Don't you feel silly yet? renewables are finite?
DC Tom Posted October 2, 2012 Posted October 2, 2012 renewables are finite? YES, you !@#$ing retard. TANSTAAFL.
MARCELL DAREUS POWER Posted October 2, 2012 Author Posted October 2, 2012 (edited) YES, you !@#$ing retard. TANSTAAFL. the wind? solar? hydropower? i thought the sun will last for another 6 billion years? isnt the question just creating the tech to harness it in such an efficient way? Edited October 2, 2012 by MARCELL DAREUS POWER
DC Tom Posted October 2, 2012 Posted October 2, 2012 the wind? solar? hydropower? i thought the sun will last for another 6 billion years? isnt the question just creating the tech to harness it in such an efficient way? That sounds pretty damn finite to me.
MARCELL DAREUS POWER Posted October 2, 2012 Author Posted October 2, 2012 Swing and a miss. That sounds pretty damn finite to me. so... fossil fuels- probably a 100 years at best... the sun- 6 billion years... sure tom, it's finite, just like our galaxy... and the universe... lol, why do you play these stupid semantic games... you know what i mean Swing and a miss. the sun? lol
Jauronimo Posted October 2, 2012 Posted October 2, 2012 so... fossil fuels- probably a 100 years at best... the sun- 6 billion years... sure tom, it's finite, just like our galaxy... and the universe... lol, why do you play these stupid semantic games... you know what i mean the sun? lol Strike two. Keep trying.
KD in CA Posted October 2, 2012 Posted October 2, 2012 the problem is, in our current system, money is created out of debt. Says the idiot who can't wait to vote for a President who continues to "create" an extra trillion dollars a year out of debt.
TakeYouToTasker Posted October 2, 2012 Posted October 2, 2012 OK... I know there must be a funny story here... Where does the MDP hammer meme origionate from?
MARCELL DAREUS POWER Posted October 2, 2012 Author Posted October 2, 2012 (edited) Says the idiot who can't wait to vote for a President who continues to "create" an extra trillion dollars a year out of debt. im voting for obama? lol no.... Strike two. Keep trying. the sun is not renewable given technical efficiency/sustainability? Edited October 2, 2012 by MARCELL DAREUS POWER
Pete Posted October 2, 2012 Posted October 2, 2012 Good Lord... Money isn't "created" in a capitalist system. It is simply a marker representitive of actual wealth, and a lubricant of economic activity. Money simply means that we never have to decide how many chickens a Volvo is worth, which makes exchange unburdensome, and therefor grants labor value and creates a desire for increased productivity. As to banking institutions, you need to stop strawmaning and come to realize that centralized fractional reserve banking is not synonymous with banking in general. If you'd like to fill your head with something useful, step away from Hamiltonian banking theory and do some research into the Free Banking Era that arose under Andrew Jackson. . Andrew Jackson's tombstone reads "I killed the bank" "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." - Woodrow Wilson
Nanker Posted October 2, 2012 Posted October 2, 2012 Andrew Jackson's tombstone reads "I killed the bank" "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." - Woodrow Wilson Woodrow Wilson was a racist of the highest order.
Pete Posted October 3, 2012 Posted October 3, 2012 Woodrow Wilson was a racist of the highest order. yes he was and he was the mother!@#$er that enabled the Fed
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