tag:blogger.com,1999:blog-2761684730989137546.post1086368800918893992..comments2024-03-28T04:13:36.779-04:00Comments on Mike Norman Economics: Stefan Verstappen: Paradise Stolen - Episode 3 -The Myth of Overpopulationmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-2761684730989137546.post-54754532526004329882016-09-24T17:52:22.562-04:002016-09-24T17:52:22.562-04:00About how crooked banks are. Kaivey
How can they...<i> About how crooked banks are. </i> Kaivey<br /><br />How can they not be with largely virtual liabilities wrt the population? The temptation to create deposits/liabilities is large and should be balanced by making sure those liabilities are real and not a sham.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-33956482191484827492016-09-24T17:34:12.194-04:002016-09-24T17:34:12.194-04:00I have a good article that you will like tomorrow,...I have a good article that you will like tomorrow, Andrew. About how crooked banks are. Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-1828360250185746882016-09-24T16:49:42.023-04:002016-09-24T16:49:42.023-04:00then everything will be perfect.... Franko
I&#...<i> then everything will be perfect....</i> Franko<br /> <br /><br />I've never said that but certainly de-privileging depository institutions and, by extension, the most so-called "credit worthy", the rich, is a necessary step toward social justice.<br />Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-19638057016304005362016-09-24T16:41:21.922-04:002016-09-24T16:41:21.922-04:00You're the moron saying if we just give everyo...You're the moron saying if we just give everyone an account directly at the cb with no intermediary then everything will be perfect....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-26513211126584627672016-09-24T15:01:59.606-04:002016-09-24T15:01:59.606-04:00Proverbs 27:3
A stone is heavy and the sand weight...Proverbs 27:3<br /><i>A stone is heavy and the sand weighty, But the provocation of a fool is heavier than both of them.</i><br /><br />But don't despair, Franko, since reading and heeding Scripture can cure even a fool.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-86519980788390678662016-09-24T14:54:24.549-04:002016-09-24T14:54:24.549-04:00So ATM networks just evolved from the apes?
The w...So ATM networks just evolved from the apes?<br /><br />The wiring just grows like grapevines evolved from the algae?<br /><br />New developments are built and the ATM/teller branches just evolve up from the rocks in the ground?Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-71967450995132409962016-09-24T14:46:36.522-04:002016-09-24T14:46:36.522-04:00People are justified by a faith that works.People are justified by a faith that works.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-85601994088471801352016-09-24T14:45:59.090-04:002016-09-24T14:45:59.090-04:00The problems arise when people insist that the mon...The problems arise when people insist that the monetary sovereign or its central bank lend since that activity is very labor intensive. Otoh, simply keeping accounts and processing transactions is very routine and soon could be completely automated.<br /><br />Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-11115772797904403582016-09-24T14:40:38.368-04:002016-09-24T14:40:38.368-04:00You're dismissive of all the white collar work...<i>You're dismissive of all the white collar work and expertise that is required to administer a numismatic system....</i> Franko<br /><br />A triffle when compared to a gold standard - especially since the costs are spread over an entire population.<br /><br />Besides, what better choice is there?Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-29362166002753566192016-09-24T14:31:40.047-04:002016-09-24T14:31:40.047-04:00You're dismissive of all the white collar work...You're dismissive of all the white collar work and expertise that is required to administer a numismatic system....<br /><br />To you, if you are not mindlessly digging ditches then you are not really working...<br /><br />This is your OT bias here again... "justified through works"...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-22772659922037296382016-09-24T14:07:15.155-04:002016-09-24T14:07:15.155-04:00Simply keeping account balances and handling trans...<i>Simply keeping account balances and handling transactions between accounts could be completely automated.</i> aa<br /><br />Well, not yet completely automated since there would still be a need to interpret hand written checks.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-64691466260556717422016-09-24T13:58:34.812-04:002016-09-24T13:58:34.812-04:00This comment has been removed by the author.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-43231225649897587032016-09-24T13:54:41.985-04:002016-09-24T13:54:41.985-04:00people still have to run the accounting system... ...<i>people still have to run the accounting system... and that takes a lot of real work....</i> Franko<br /><br />No, it doesn't. Simply keeping account balances and handling transactions between accounts could be completely automated.<br /><br />Besides, the costs would be spread over an entire population of citizens.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-40668868929148340932016-09-24T13:30:30.281-04:002016-09-24T13:30:30.281-04:00Local administrators: "Hey! we just had a bi...Local administrators: "Hey! we just had a big flood in Louisiana a bunch of households and firms got wiped out we need to make available more USD balances for increased transaction settlements to rebuild down there pronto!"<br /><br />pos libertarian moron assholes: "uhhhh.... sorry... we have to go out west and dig up some more gold first... hold on for a while if you can we will get back to you when and if we get some more gold!"<br /><br /><br />Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-37294206949552750822016-09-24T13:24:33.223-04:002016-09-24T13:24:33.223-04:00Well even in a 'fiat' system (which I woul...Well even in a 'fiat' system (which I would term a numismatic system) people still have to run the accounting system... and that takes a lot of real work.... its not ditch digging but its still real work...<br /><br />The differentiation between the two systems is not how much work it takes to operate/administer them... they both take a lot of real work by people to operate...<br /><br />Our implementation of the numismatic type system over a metal based one gives us more options/degrees of freedom in how we can regulate our economy...<br /><br />We dont have control of a metals based system...<br /><br />The key difference is not how much work it takes to administer either, the key difference is the control/regulatory aspects of each....<br /><br />Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-16885846121486103352016-09-24T12:25:10.365-04:002016-09-24T12:25:10.365-04:00Inexpensive in what terms? Franko
In real terms; ...<i>Inexpensive in what terms?</i> Franko<br /><br />In real terms; gold is rare and expensive to mine, e.g. in terms of energy used and environmental damage caused.<br /><br />So the use of gold as fiat makes fiat creation much more difficult in real terms and thus rewards lazy hoarding of it - contrary to the message of Matthew 25:14-30, the Parable of the Talents.<br /><br />Fiat should be no more expensive to create than is necessary to prevent, for example, the counterfeiting of it.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-68451393947283321302016-09-24T11:24:51.869-04:002016-09-24T11:24:51.869-04:00Ethical:
2. being in accordance with the rules or...Ethical:<br /><br /><i>2. being in accordance with the rules or standards for right conduct or practice, especially the standards of a profession. </i> from http://www.dictionary.com/browse/ethicalAndrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-24501991885769178642016-09-24T11:22:12.439-04:002016-09-24T11:22:12.439-04:00Fiat can certainly be needlessly expensive as in t...Fiat can certainly be needlessly expensive as in the requirement to redeem central bank notes or account balances with gold. Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-42977383371945199182016-09-24T10:59:29.495-04:002016-09-24T10:59:29.495-04:00And then this "inexpensive fiat"
?????
...And then this "inexpensive fiat"<br /><br />?????<br /><br />Inexpensive in what terms? This is an oxymoron you are using here...<br /><br />'fiat ' means "be it done".... there is no relative value at all...<br /><br />This is your yin and yang back and forth between OT and NT coming in here again...<br /><br />OT: "inexpensive"<br /><br />NT: "fiat"<br /><br />So you string them together and get "inexpensive fiat!".... Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-12293942661465242892016-09-24T10:45:35.131-04:002016-09-24T10:45:35.131-04:00http://biblehub.com/greek/1485.htm
"ethos: c...http://biblehub.com/greek/1485.htm<br /><br />"ethos: custom, a usage (prescribed by habit or law)"<br /><br />You are using the wrong word there it doesn't imply whether the custom or usage is good or bad... it's just the custom...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-35596532425157860542016-09-24T10:33:04.153-04:002016-09-24T10:33:04.153-04:00Matthew 22:16-22 and the supposition that governme...Matthew 22:16-22 and the supposition that government should serve the general welfare and not special interests such as gold owners.<br /><br />Also, please quote me accurately; I said "inexpensive fiat is the ONLY ethical form for government money"; private monies (for private use only) are a possibility too, don't you know<br />?Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-3433613794036692072016-09-24T10:25:08.966-04:002016-09-24T10:25:08.966-04:00Where do you get that fiat is the only 'ethica...Where do you get that fiat is the only 'ethical' form of "money" ?<br /><br />Chapter and verse please...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-48062798530405025452016-09-24T10:00:49.136-04:002016-09-24T10:00:49.136-04:00Libertarians "get" fiat and hate it - no...Libertarians "get" fiat and hate it - not realizing that inexpensive fiat is the ONLY ethical form for government money. <br /><br />The problem, of course, is government subsidies for banks since these tilt the playing field even more in favor of the rich and reduce the ability of the monetary sovereign to spend without price inflation.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-57428520725650751682016-09-24T09:48:22.947-04:002016-09-24T09:48:22.947-04:00"telling him about MMT and the way that fiat ..."telling him about MMT and the way that fiat money works is counter-intuitive."<br /><br />Its only counter-intuitive for a libertarian...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-68826689897042138892016-09-24T09:32:40.888-04:002016-09-24T09:32:40.888-04:00Origin of the rat race = government subsidies for ...Origin of the rat race = government subsidies for private credit creation and usury.<br /><br />And those who support those are many more than just a 100 or so psychopaths wearing masks.<br /><br />Oh well, each generation is a new hope...Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com