Best explanation for Weimar Republic Inflation I ever read....

Discussion in 'Economics & Trade' started by DennisTate, Apr 12, 2017.

  1. Baff

    Baff Well-Known Member

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    Force begets force.

    I intend to be the greater force. Keeps the wankers at bay.
    These people must physically fear me to respect me. I see to it that they do.


    Causing harm without violence. Coercion is one example. I pay my taxes not because someone is physically attacking me, but because I fear that they will.
    Harming my interests and property. I pay taxes for things that work against my interests or that I have no use or need for. People attempt to con me. People steal from me. People welch their end of deals. Vandals smash up my stuff for their amusement.

    Breaking my heart. Oh Mrs Baff, it's not just that she can kill me with a single word, it's that she can kill me without one. Her silences make me cry and indeed quite suicidal.

    @econ
    Suspending aid is not enacted by force. Correct.
    Trade blocks however are. If three states combine to deny trade with another country, each of those states denies it's citisens that trade by force.
     
    Last edited: Feb 10, 2018
  2. james M

    james M Banned

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    So in reality it is liberals who want peaceful voluntary relationships and conservative/ libertarians who want relationships imposed at gun point? It seems you've been embarrassed enough by now by America's love of freedom! The old world still has no idea why its the old world does it?
     
  3. james M

    james M Banned

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    Reiver is very short on real world examples.
     
  4. Baff

    Baff Well-Known Member

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    A game of Snap? That has zero sums.

    Zero sum gains.

    Zero sum gain in a free market.
    Essentially a closed circuit for production.
    A limited supply. No matter who buys or sells diamonds, no matter which way you split the pie, no more diamonds can be owned than have been mined.

    So if I buy 100 of the total 1000 diamonds, you cannot buy more than 900.
    No matter how we divide the 1,000 diamonds between us, the number of diamonds can never exceed 1,000. There is no more in total. No gain in the summary. A zero sum gain.

    If you don't like the example of diamonds, consider original works of art by dead artists. If I own the Mona Lisa, you can't. Zero sum gain.
     
    Last edited: Feb 11, 2018
  5. DennisTate

    DennisTate Well-Known Member Past Donor

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    Great comments Econ4Every1... .I just found a video that i think you will really enjoy.

    The number of 4.3 trillion is confirmed in this video.


    https://pro.moneymappress.com/p/MMR...1525314934-571105120.1525314934&h=true&h=true

    FORGET IRAN, IRAQ, UKRAINE
    THIS IS WHERE WWIII STARTS...
     
  6. DennisTate

    DennisTate Well-Known Member Past Donor

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    There is one major drawback........



    Is fractional reserve banking inflationary?

     
  7. james M

    james M Banned

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    silly question.fractional reserve banking can have 100% yearly inflation or deflation or 0% iInfllation
    /deflation depending upon the fractional reserve banking policy. I know from the naïveté have your question that you have not studied economics 101 and cannot possibly understand the above answer.
     
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  8. Longshot

    Longshot Well-Known Member

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    Is it possible for two different people to have ownership of the same thing at the same time? That's the issue with fractional reserve banking.
     
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  9. DennisTate

    DennisTate Well-Known Member Past Donor

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    I did take Econ 101 but it was back in 1979/'80 and I forgot a lot of it.... especially while breathing in power exhaust while I worked at forestry. I did do a paper on the Weimar Republic though. (I also took Econ 220 and Econ History).

    Some forms of inflation are better than others...... for example...... optimism about the value of land in an area...... for whatever reason that optimism is in many minds..... can cause the value of the properties there to increase.

    There are some economists who hate that idea and consider it to be a good idea to crush that optimism..... because it might lead to "wage push"... .which would be awful!

    I personally think that the following possibility has significant potential........ to alleviate the risk of more than one million Americans losing more than one million dollars each..... if George Soros can garner sufficient support for his plan to devalue the USA Petro dollar that he is not exactly private about......

    Could a real estate boom plus better Fed policy pay off USA national debt?
     
    Last edited: May 5, 2018
  10. Longshot

    Longshot Well-Known Member

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    I think, in such discussions, it's important to precisely define the term "inflation".
     
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  11. james M

    james M Banned

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    China has fractional reserve banking and 8% growth for 40 years
     
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  12. james M

    james M Banned

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    very very disorganized! The question is, is your economics liberal of conservative. Friedman and Keynes( militant homosexual) were 2 most important economists ever because one led conservatism and one led liberalism. You need to think about where you stand and why.
     
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  13. Reiver

    Reiver Well-Known Member

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    Two aspects here. First, are you a homophobe? Second, Friedman cannot be compared with Keynes. Keynes revolutionised macroeconomics, Friedman decided 'the Phillips Curve might be vertical'. Big difference!
     
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  14. james M

    james M Banned

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    I"m opposed to militant homosexuality. What about you?
     
  15. james M

    james M Banned

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    Keynes was just another a silly liberal who thought his math IQ could be used to control an economy. Friedman smashed the concept for all time.
     
  16. Reiver

    Reiver Well-Known Member

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    Keynes transformed macroeconomics. Friedman gave us 'its vertical, nearly' Phillips Curve. You only confirm that you don't know much economics.
     
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  17. DennisTate

    DennisTate Well-Known Member Past Donor

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    Exactly.........
    I suspect that they had reasonably good intentions when economists
    set in motion policies....... that succeeded in greatly destroying optimism in any form.

    If..... a more Theistic version of Evolutionary Theory becomes popular.... it is possible that this could lead humans to place a much, much higher valuation on our lives..... the lives of our kids and friends........ so real wealth that can save and sustain and improve our lives.... could increase in value...... Thus the real possibility of a move away from cities to rural areas and a surge in real estate prices within a hundred miles of major cities.

    I think we are in a place where a universal minimum income should be introduced in America and Canada..... but the financing for it should be
    done in a wiser manner than what we have seen over these past thirty years.

    Actually..... .I believe that this must begin from Israel........
    because exactly as Matthew Fox Ph. D. wrote in his book, "Coming of the Cosmic Christ" ART
    in some form......... is the key to achieving essentially full employment in a world where improving technology
    makes more and more of our jobs obsolete.........

    The Jewish scriptures........ and specifically the artistic understanding of how those
    scriptures will be fulfilled....can form the basis for a guaranteed minimum income for all Israelis.......
    I believe that that minimum income should be in the form of fifty..... One Hour Volunteerism notes........
    I would really like to see Rabbi Nachman and some of his leading disciples on those notes........

    But.... the Jewish people cannot forget that Americans have certain expectations regarding events
    surrounding the rebuilding of their Jerusalem Third Temple that definitely cannot be ignored if they
    expect President Donald J. Trump to take them up on their offer to rebuild their Temple for them......
    Oh and by the way.........
    I am convinced that President Trump will figure out a way to build them the Temple.....
    free of financial cost to Jews........
    so that all that they have already saved toward this project can be used for acts that will fit with
    Tikkun Olam and tzedakah.

    Interesting..... the rather famous Rabbi Natan Levy is promoting a project that has the potential
    to alter the whole formula:


    https://www.thejc.com/judaism/features/it-s-our-duty-to-give-to-non-jewish-causes-1.13617

    It’s our duty to give to non-Jewish causes
    Charity may begin but should not end at home, says Rabbi Natan Levy
    I wonder could this be the same Rabbi Natan Levy who interviews then fifteen year old Israeli
    Natan who had a near death experience back in 2015?


    Fifteen year old Israeli has NDE and predicts 70 nations unite against Israel.
     
    Last edited: May 6, 2018
  18. james M

    james M Banned

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    he was hot in the 1930's as militant bigoted homosexual and apostolic scientific economist, but has long since been displaced by Friedman who demonstrated that communist fascist socialist Nazi and liberal bureaucrats cant manage an economy nearly as well as the Republican free market. Are you understanding Keynes better now?
     
    Last edited: May 7, 2018
  19. Longshot

    Longshot Well-Known Member

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    If fractional reserve banking is truly free market capitalism, why do we need a libsocialists FDIC program? And a libsocialist Federal Reserve Bank.

    Also, you didn't actually answer my question: Can two people be the sole legal owner of the same thing at the same time?
     
    Last edited: May 7, 2018
  20. james M

    james M Banned

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    we need them to preserve capitalism, to prevent volatility in money from spreading throughout economy
     
  21. Longshot

    Longshot Well-Known Member

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    So what happened to capitalism is self-regulating??
     
  22. james M

    james M Banned

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    but who cares China has had 8% growth for 40 years proving that we now understand central banking. Whatever system you propose certainly could do no better and possibly a lot worse
     
  23. Longshot

    Longshot Well-Known Member

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    Sorry, but you're not applying your principles consistently. Capitalism is self-regulating. It doesn't need libsocialst FDIC or Federal Reserve.
     
  24. james M

    james M Banned

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    nobody including Friedman looked at monetary policy and said it was self-regulating although Bernanke said he ran the Fed as if we were on a Gold Standard without all the negatives.
     
  25. james M

    james M Banned

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    I will agree that the monetary system should be more capitalist but FDIC helps eliminate runs and thus helps preserve capitalism, Federal Reserve can adjust money supply in emergency to preserve capitalism etc etc
     

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