Protests in France

[EyeBRollin]

It does dictate the ability to issue money.

Think of the US in the 70s and early 80s.

Think of Zimbabwe during the pre-hyperinflation and hyperinflation years.

Think of Venezuela now.

Think of South Africa now.

Think.

You need to do more research.

1). The US never stopped issuing currency in the 70s and 80s.

2) What do those 3 countries have in common that the US doesn’t share?

 

[EyeBRollin]

It causes further destabilization. Not that they care.

Wrong. Try again?

 

[EyeBRollin]

Currency devaluation affects ALL prices.

Supply and Demand of goods and services impacts generally those prices, along with competitive and complementary goods.

You are thinking of consumer inflation as only being the change in supply and demand of the goods and services.

Nope, you’re wrong again. Ignorance at its finest. Currency devaluation does not cause price inflation.

 

[EyeBRollin]

Of course the US didn't stop issuing currency. But it impacted it's ability to do so. This is why they heavily raised interest rates. To curb money creation.

Lmao. You’re actually proving my point for me. What caused inflation in the 70s?

(Hint: it wasn’t printing money!)

 

[AttackFormation]

Currency devaluation affects ALL prices.

Supply and Demand of goods and services impacts generally those prices, along with competitive and complementary goods.

You are thinking of consumer inflation as only being the change in supply and demand of the goods and services.

You ignored every concept and phenomenon I mentioned, to go on with your tautology of supply and demand. Hayek is probably proud of you (and himself).

 

[EyeBRollin]

LOLLLL! This is why socialist countries fail. We can just print our way to wealth.

You guys are hilarious.

Here come the ad hominems. Aw, having trouble understanding?

 

[Bible_Belt]

What caused inflation in the 70s?

Nixon's insecurities?

https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp

 

[EyeBRollin]

Nixon's insecurities?

https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp

Nope. Maybe the 55 mph speed limits have something to do with it...

 

[EyeBRollin]

I didn't call names, you did son.

LOL!!!! I can't stop laughing at this.

Laugh it up buttercup. The banker handing out cash to players has nothing to do with the price of property.

 

[AttackFormation]

The concepts you mention are based on Keynesian economic theory and not Ausyrian, wh9ch explains your confusion.

Keynesian theory advocates continuous printing to keep an unworkable system afloat. To do so they must limit the discussion to only currency versus currency. The money still devalues relative to goods and services, regardless of how they want to control your thinking.

Nah, they are not "Keynesian" and you would know that if you were familiar with either those concepts or Keynes, because Keynes does not recognize the credit creation theory of banking (or "endogenous money") and that leads him to make different conclusions for the rest of his theory too. Keynes subscribed to the same financial intermediation/fractional reserve theory of banking that I presume you do.

 

[AttackFormation]

Keynes absolutely recognizes the credit creation of money, which is why it has to grow or die.

"Earlier proponents of this theory [financial intermediation] include von Mises (1912), who wrote:

“The activity of the banks as negotiators of credit is characterised by the lending of other people's, that is, of borrowed, money. Banks borrow money in order to lend it; … Banking is negotiation between granters of credit and grantees of credit. Only those who lend the money of others are bankers; those who merely lend their own capital are capitalists, but not bankers​

​

While Mises argued that this was only one of the functions of banks,1Keynes (1936) in his General Theory clearly states that for investments to take place, savings first need to be gathered. This view has also been reflected in the Keynesian growth models by Harrod (1939) and Domar (1947), which are based on the financial intermediation theory of banking, although not explicitly modelling banks. Indeed, this theory provides the justification for failing to incorporate banks and the way they operate in economic models." - professor Richard Werner's sciencedirect article.

Snore...

 

[AttackFormation]

lol... an utter sidestep of the content I posted once again. You are truly a masterful troll.

 

[EyeBRollin]

Thanks.

Anyone who thinks currency creation does not devalue currency relative to goods as well as other currencies is clearly missing some basic cause and effect skills.

More insults don’t make your argument more credible. Currency creation does not cause inflation. You brought up the 70s and 80s yet can’t even identify the glaringly obvious cause of inflation during that time.

 

[wifehunter]

Thanks.

I don't really give a $hit what you think. If you cannot accept simple facts that is on you.

Anyone who thinks currency creation does not devalue currency relative to goods as well as other currencies is clearly missing some basic cause and effect skills.

And, I might add, this being a DJ forum...

Scarcity, is a fundamental concept.

 

[Spaz]

You people are engaging with a hardcore conspiracy theorist who's basically jobless and more then likely living off other people's hard earned money (taxes - welfare).

He takes his education from 4chan and basically spends all his free time idling away his productive time there.

Useless energy spent unless it's to break his narratives. If so, carry on.

 

[Spaz]

Look at all the name calling from the 2-time loser.

You think the world lied to you about women, but were completely honest about everything else. EVERY discussion we have, the facts support my statements and all you have is name calling. You sound like a feminist or soyboy shrieking about how PUA doesn't work.

You lost the discussion regarding Putin.

You lost the discussion regarding Podesta's emails.

You cannot account for how Flynn's wife makes references to Q (WWG1WGA - Where we go one we go all).

And now, because you are just another fake news leftist, you back those who say printing money does not devalue it.

You people seriously have zero grip on reality. Leftism is a terrible mental disease which causes a deterioration in critical thinking skills. You need help.

I have to go soon, and I won't be here much longer to point out these ridiculous statements you make, but many others see how deluded you are, and will continue to see it.

Careful now, reacting defensively to feedback gives perception to people that you're insecure.

Btw when was the last time you had a woman anyways ? Perhaps we could assist you there, it's obvious you're not got laid in months if not years.

Time to get out of the incel-dom sphere u r living.

 

[Spaz]

More personal attacks, with no supporting data.

Jim Acosta, is that you?

You mean you got a woman?

We all know u r jobless and living off tax payers money for god knows how long.

Now all that's left is to know if u r an incel on a recruitment drive.

 

[Spaz]

What else does your women's intuition tell you Jim?

Typical answer from a hidden incel. You ashamed to ask us for help to get some pvssy?

No wonder you're been hiding behind conspiracies, you're not been getting laid and i bet all those frustrations has been boiling huh...

 

[Spaz]

Insecurity suits you. All fake claims and no data. I wonder what has Jim Acosta so triggered?

Okay show me proof of you getting a simple hello from any woman today.

If you can't then how about last week or last month ?

 

[Spaz]

I am not here to prove myself to you and your baseless claims. You can peruse my PUA history here if you want to gauge my experience.

Nice try at a frame grab though.

The real question is why do facts trigger personal attacks from you?

Awww man you can't even provide a simple hello from any woman the past 1 month ?

Really pitiful.

Okay you now have my permission to carry on ur incel conspiracy agenda...