Ron Pauls economic solution? A Southern Secessionist.

[Farnhamia]

I knew you would say that, I really did.

Okay, how about the Gold Standard Act of 1900? You still have to explain away everything in my list from 1902 on.

Not what I advocate.

EDIT: nor had anything correlation with the depression.

So, what do you advocate? A link to where you advocated it is fine. As for the Depression, all I'm saying is, if a gold-backed currency is so stable, as Altamirus said, and we went onto a gold standard either in 1879 or 1900, where did all those ups and downs come from?

[The Black Forrest]

Indeed.

The US went onto the gold standard in 1879, and you know what happened?

- the recession of 1882 - 1885
- the recession of 1887 - 1888
- the recession of 1890 - 1891
- the panic of 1893
- the panic of 1896
- the recession of 1899 - 1900
- the recession of 1902 - 1904
- the panic of 1907
- the panic of 1910 - 1911
- the recession of 1913 - 1914
- the recession of 1918 - 1919
- the depression of 1920 - 1921
- the recession of 1923 - 1924
- the recession of 1926 - 1927

And then there was 1929. Shouldn't a "more inherently stable" currency have prevented all of that?

That was not a "true" gold standard. It was distorted and nothing like what RP advocates. Also once again the gold standard has nothing to do with the business cycle. Well it effects the purchasing power of the people but thats it. The business cycle has its roots in banking.

Ok so what the frack is a "true" gold standard?

[Farnhamia]

That was not a "true" gold standard. It was distorted and nothing like what RP advocates. Also once again the gold standard has nothing to do with the business cycle. Well it effects the purchasing power of the people but thats it. The business cycle has its roots in banking.

Ok so what the frack is a "true" gold standard?

It's like a "free market," we've never had one. Or like one of those weird elements that only exist for 0.00005 seconds in the lab, but all the math works out okay.

[The Merchant Republics]

Indeed.

The US went onto the gold standard in 1879, and you know what happened?

- the recession of 1882 - 1885
- the recession of 1887 - 1888
- the recession of 1890 - 1891
- the panic of 1893
- the panic of 1896
- the recession of 1899 - 1900
- the recession of 1902 - 1904
- the panic of 1907
- the panic of 1910 - 1911
- the recession of 1913 - 1914
- the recession of 1918 - 1919
- the depression of 1920 - 1921
- the recession of 1923 - 1924
- the recession of 1926 - 1927

And then there was 1929. Shouldn't a "more inherently stable" currency have prevented all of that?

That was not a "true" gold standard. It was distorted and nothing like what RP advocates. Also once again the gold standard has nothing to do with the business cycle. Well it effects the purchasing power of the people but thats it. The business cycle has its roots in banking.

Am I not mistaken that 1880-1895ish we were on a Bimettalic currency?

Really it doesn't matter to me, I'd say the mere fact that humanity was on the gold standard since the dawn of markets and that fiat currency historically has quickly failed is enough to say something, Modern markets keep the fiat only because of the constant increase of wealth matching the rise of inflation.

[Mercator Terra]

Ok so what the frack is a "true" gold standard?

It's like a "free market," we've never had one. Or like one of those weird elements that only exist for 0.00005 seconds in the lab, but all the math works out okay.

http://mises.org/rothbard/100percent.pdf
Took me no longer then 3 hours to read it. That would pretty much sum it up. (I dont see a point in doing a poor job at paraphrasing Rothbard's work so I'll just suggest you to the man himself)

[Mercator Terra]

That was not a "true" gold standard. It was distorted and nothing like what RP advocates. Also once again the gold standard has nothing to do with the business cycle. Well it effects the purchasing power of the people but thats it. The business cycle has its roots in banking.

Am I not mistaken that 1880-1895ish we were on a Bimettalic currceny?

Really it doesn't matter to me, I'd say the mere fact that humanity was on the gold standard since the dawn of markets and that fiat currency historically has quickly failed is enough to say something, Modern markets keep the fiat only because of the constant increase of wealth matching the rise of inflation.

I do believe it was.

[Farnhamia]

It's like a "free market," we've never had one. Or like one of those weird elements that only exist for 0.00005 seconds in the lab, but all the math works out okay.

http://mises.org/rothbard/100percent.pdf
Took me no longer then 3 hours to read it. That would pretty much sum it up. (I dont see a point in doing a poor job at paraphrasing Rothbard's work so I'll just suggest you to the man himself)

Nope, I'm not giving you or von Mises three hours of my life. Summarize away.

[Farnhamia]

That was not a "true" gold standard. It was distorted and nothing like what RP advocates. Also once again the gold standard has nothing to do with the business cycle. Well it effects the purchasing power of the people but thats it. The business cycle has its roots in banking.

Am I not mistaken that 1880-1895ish we were on a Bimettalic currency?

Really it doesn't matter to me, I'd say the mere fact that humanity was on the gold standard since the dawn of markets and that fiat currency historically has quickly failed is enough to say something, Modern markets keep the fiat only because of the constant increase of wealth matching the rise of inflation.

But in 1900 we went onto just gold. Like I said to Mercator, what about all the ups and downs after then?

[Acapais]

If Ron Paul wanted to succeed from the Union, I'd follow him in a heart-beat.

[Ashmoria]

http://mises.org/rothbard/100percent.pdf
Took me no longer then 3 hours to read it. That would pretty much sum it up. (I dont see a point in doing a poor job at paraphrasing Rothbard's work so I'll just suggest you to the man himself)

Nope, I'm not giving you or von Mises three hours of my life. Summarize away.

he seems to want the dollar to be fixed to a certain weight of gold. 1/20 of an oz is mentioned but would obviously not be right for today. today it would have to be something like 1/1000th of a oz. but then do we have enough gold reserves to cover our entire economy. and more importantly what difference does it make if i cant demand actual gold in exchange for my paper money?

but i only skimmed the first few pages so i may be wrong.

[Mercator Terra]

http://mises.org/rothbard/100percent.pdf
Took me no longer then 3 hours to read it. That would pretty much sum it up. (I dont see a point in doing a poor job at paraphrasing Rothbard's work so I'll just suggest you to the man himself)

Nope, I'm not giving you or von Mises three hours of my life. Summarize away.

Mises didnt write it. Im not going to waste my time if you wont read it. God forbid you read a opposing arguments view.... Read the wikipedia article

[Farnhamia]

If Ron Paul wanted to succeed from the Union, I'd follow him in a heart-beat.

And you have a heart on your flag, how appropriate. Well, don't for get to write. Oh, and it's "secede," by the way.

[Mercator Terra]

Nope, I'm not giving you or von Mises three hours of my life. Summarize away.

he seems to want the dollar to be fixed to a certain weight of gold. 1/20 of an oz is mentioned but would obviously not be right for today. today it would have to be something like 1/1000th of a oz. but then do we have enough gold reserves to cover our entire economy. and more importantly what difference does it make if i cant demand actual gold in exchange for my paper money?

but i only skimmed the first few pages so i may be wrong.

Basically he wants banks to create gold dollar to compete with the dollar we already have. He gives a ratio and a basic set up on how it would go farther into the book.

[Mercator Terra]

Am I not mistaken that 1880-1895ish we were on a Bimettalic currency?

Really it doesn't matter to me, I'd say the mere fact that humanity was on the gold standard since the dawn of markets and that fiat currency historically has quickly failed is enough to say something, Modern markets keep the fiat only because of the constant increase of wealth matching the rise of inflation.

But in 1900 we went onto just gold. Like I said to Mercator, what about all the ups and downs after then?

Has nothing to do with gold and has more to do with artificially low interest rates and risky investments.

[Farnhamia]

he seems to want the dollar to be fixed to a certain weight of gold. 1/20 of an oz is mentioned but would obviously not be right for today. today it would have to be something like 1/1000th of a oz. but then do we have enough gold reserves to cover our entire economy. and more importantly what difference does it make if i cant demand actual gold in exchange for my paper money?

but i only skimmed the first few pages so i may be wrong.

Basically he wants banks to create gold dollar to compete with the dollar we already have. He gives a ratio and a basic set up on how it would go farther into the book.

The Gold Standard Act of the United States was passed in 1900 (approved on March 14) and established gold as the only standard for redeeming paper money, stopping bimetallism (which had allowed silver in exchange for gold). It was signed by President William McKinley.
The Act fixed the value of the dollar at 25 8⁄10 grains of gold at 90% purity, equivalent to 23.22 grains (1.5046 grams) of pure gold.
The Gold Standard Act confirmed the nation's commitment to the gold standard by assigning gold a specific dollar value (just over $20.67 per Troy ounce). This took place after McKinley sent a team to Europe to try to figure out a silver agreement with France and Great Britain.

So, we did that in 1900 and the economy was just as up and down as it had been in the last quarter of the preceding century. Why wasn't it a straight shot to the moon?

[Ashmoria]

he seems to want the dollar to be fixed to a certain weight of gold. 1/20 of an oz is mentioned but would obviously not be right for today. today it would have to be something like 1/1000th of a oz. but then do we have enough gold reserves to cover our entire economy. and more importantly what difference does it make if i cant demand actual gold in exchange for my paper money?

but i only skimmed the first few pages so i may be wrong.

Basically he wants banks to create gold dollar to compete with the dollar we already have. He gives a ratio and a basic set up on how it would go farther into the book.

oh we really dont need bank dollars floating around out there.

[Acapais]

If Ron Paul wanted to succeed from the Union, I'd follow him in a heart-beat.

And you have a heart on your flag, how appropriate. Well, don't for get to write. Oh, and it's "secede," by the way.

Rats, thanks for correcting me.

[The Cat-Tribe]

If the League of the South is such a respectable group AND Thomas DiLorenzo is an honorable or credible speaker, why is DiLorenzo vehemently denying his proven affiliation with the League of the South?

Probably because of all the bad connotations the come along with it. Or the SPLC could just be lying about his activity...

What bad connotations? I thought there was nothing wrong with it?

As to the SPLC lying, there are links in the articles I posted verifying the claims. Among the links already provided, documents currently on the LOS website lists (7p pdf, see pp. 6-7) DiLorenzo as a speaker at their 2009 League of the South Summer Institute in Tennessee and identifies him as "an affiliated scholar of the League of the South Institute & the Abbeville Institute."

FYI, the Abbeville Institute is another neo-Confederalist organization and DiLorezo is an associated scholar.

DiLorenzo's work with the League of the South has commonly been cited among his credentials:
http://www.learnoutloud.com/Free-Audio- ... ures/15236
http://getglue.com/topics/p/thomas_dilorenzo
http://www.thedailybell.com/1053/Thomas ... story.html (interview with DiLorenzo)
http://www.dailyreckoning.com.au/never- ... 009/07/02/ (article by DiLorenzo listing his credentials at bottom)

Other sources back up DiLorenzo's ties to the League of the South and other neo-Confederate groups:
http://www.vermontguardian.com/local/02 ... ists.shtml
http://en.wikipedia.org/wiki/Thomas_Dilorenzo

[Mercator Terra]

Basically he wants banks to create gold dollar to compete with the dollar we already have. He gives a ratio and a basic set up on how it would go farther into the book.

The Gold Standard Act of the United States was passed in 1900 (approved on March 14) and established gold as the only standard for redeeming paper money, stopping bimetallism (which had allowed silver in exchange for gold). It was signed by President William McKinley.
The Act fixed the value of the dollar at 25 8⁄10 grains of gold at 90% purity, equivalent to 23.22 grains (1.5046 grams) of pure gold.
The Gold Standard Act confirmed the nation's commitment to the gold standard by assigning gold a specific dollar value (just over $20.67 per Troy ounce). This took place after McKinley sent a team to Europe to try to figure out a silver agreement with France and Great Britain.

So, we did that in 1900 and the economy was just as up and down as it had been in the last quarter of the preceding century. Why wasn't it a straight shot to the moon?

Nope

[Mercator Terra]

Probably because of all the bad connotations the come along with it. Or the SPLC could just be lying about his activity...

What bad connotations? I thought there was nothing wrong with it?

As to the SPLC lying, there are links in the articles I posted verifying the claims. Among the links already provided, documents currently on the LOS website lists (7p pdf, see pp. 6-7) DiLorenzo as a speaker at their 2009 League of the South Summer Institute in Tennessee and identifies him as "an affiliated scholar of the League of the South Institute & the Abbeville Institute."

FYI, the Abbeville Institute is another neo-Confederalist organization and DiLorezo is an associated scholar.

DiLorenzo's work with the League of the South has commonly been cited among his credentials:
http://www.learnoutloud.com/Free-Audio- ... ures/15236
http://getglue.com/topics/p/thomas_dilorenzo
http://www.thedailybell.com/1053/Thomas ... story.html (interview with DiLorenzo)
http://www.dailyreckoning.com.au/never- ... 009/07/02/ (article by DiLorenzo listing his credentials at bottom)

Other sources back up DiLorenzo's ties to the League of the South and other neo-Confederate groups:
http://www.vermontguardian.com/local/02 ... ists.shtml
http://en.wikipedia.org/wiki/Thomas_Dilorenzo

I know he is part of it. I see nothing wrong with them. Heck Suthron Nation who is a mulatto knows the director of the LOS and is good freinds with them. Why DiLorenzo doesnt talk about it I dont know but the SPLC labeling them has a hate group might have something to do with it.

[The Cat-Tribe]

Probably because of all the bad connotations the come along with it. Or the SPLC could just be lying about his activity...

The SPLC is a corrupt and dying organization in and of itself, unfortunately.

When I was a teenager I actually signed up for a newsletter from the LoS(I was looking "rebellious" to join), they're actually kind of dumb as hell, like, one of the things they bitched about was how fewer people were saying "Coke" for all flavour of sodas than there used to be. Like it was some sort of cultural thing to protect.

All in all, that he joined the group after his teenage years makes me doubt his intelligence.

Explain please, as this is not true to my knowledge.

[Farnhamia]

What bad connotations? I thought there was nothing wrong with it?

As to the SPLC lying, there are links in the articles I posted verifying the claims. Among the links already provided, documents currently on the LOS website lists (7p pdf, see pp. 6-7) DiLorenzo as a speaker at their 2009 League of the South Summer Institute in Tennessee and identifies him as "an affiliated scholar of the League of the South Institute & the Abbeville Institute."

FYI, the Abbeville Institute is another neo-Confederalist organization and DiLorezo is an associated scholar.

DiLorenzo's work with the League of the South has commonly been cited among his credentials:
http://www.learnoutloud.com/Free-Audio- ... ures/15236
http://getglue.com/topics/p/thomas_dilorenzo
http://www.thedailybell.com/1053/Thomas ... story.html (interview with DiLorenzo)
http://www.dailyreckoning.com.au/never- ... 009/07/02/ (article by DiLorenzo listing his credentials at bottom)

Other sources back up DiLorenzo's ties to the League of the South and other neo-Confederate groups:
http://www.vermontguardian.com/local/02 ... ists.shtml
http://en.wikipedia.org/wiki/Thomas_Dilorenzo

I know he is part of it. I see nothing wrong with them. Heck Suthron Nation who is a mulatto knows the director of the LOS and is good freinds with them. Why DiLorenzo doesnt talk about it I dont know but the SPLC labeling them has a hate group might have something to do with it.

Southron is Cobhanglia, is he?

[Mercator Terra]

I know he is part of it. I see nothing wrong with them. Heck Suthron Nation who is a mulatto knows the director of the LOS and is good freinds with them. Why DiLorenzo doesnt talk about it I dont know but the SPLC labeling them has a hate group might have something to do with it.

Southron is Cobhanglia, is he?

Quite possibly but I wouldnt know

[Sociobiology]

Most commodities on Earth are subject to human whim and fancies. Gold is a rare mineral in that it has value based on it's very rarity and scarcity. It's value is based on the physical amount located here on planet Earth. Not whether it's shiny and pretty.

No human can increase the amount of physical Au lying around. It's literally physically aside from human emotions. That's why it's value is innate and intrinsic.

gold is subject to the same fluctutions as any other commodity, the price is based on the amout of available gold, in other words mine more and you change the amount of gold.
then of course you have what happens when we mine our first asteroid. The AMUN asteroid has more gold in it than has been produced by all of human history combined. It is also in a perfect position to be mined.

by your logic we could base our economy on lead, granite, or chalk and it would be just as stable.
now that it has real economic uses, gold is just another metal.

[The Cat-Tribe]

What bad connotations? I thought there was nothing wrong with it?

As to the SPLC lying, there are links in the articles I posted verifying the claims. Among the links already provided, documents currently on the LOS website lists (7p pdf, see pp. 6-7) DiLorenzo as a speaker at their 2009 League of the South Summer Institute in Tennessee and identifies him as "an affiliated scholar of the League of the South Institute & the Abbeville Institute."

FYI, the Abbeville Institute is another neo-Confederalist organization and DiLorezo is an associated scholar.

DiLorenzo's work with the League of the South has commonly been cited among his credentials:
http://www.learnoutloud.com/Free-Audio- ... ures/15236
http://getglue.com/topics/p/thomas_dilorenzo
http://www.thedailybell.com/1053/Thomas ... story.html (interview with DiLorenzo)
http://www.dailyreckoning.com.au/never- ... 009/07/02/ (article by DiLorenzo listing his credentials at bottom)

Other sources back up DiLorenzo's ties to the League of the South and other neo-Confederate groups:
http://www.vermontguardian.com/local/02 ... ists.shtml
http://en.wikipedia.org/wiki/Thomas_Dilorenzo

I know he is part of it. I see nothing wrong with them. Heck Suthron Nation who is a mulatto knows the director of the LOS and is good freinds with them. Why DiLorenzo doesnt talk about it I dont know but the SPLC labeling them has a hate group might have something to do with it.

If you "know [DiLorenzo] is part of [the League of the South]," why did you just post the SPLC might be lying about that?

Also, I love the apologistic gymnastics you are trying to go through to cover up the central point I made: DiLorenzo is a liar. Your own admission contradicts his statements. Why should we trust anything he says when he prominently denies the truth?