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NotLambchop
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January 18, 2015, 07:42:48 PM |
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Non-inflationary currency would not get invested during economic downturns. You don't understand finance, and that's fine--but arguing this is getting a bit repetitive. Please educate yourself & return when you have something more than your paranoia about banksters to share.
ty
Freaking Keynesians. Less non-inflationary currency would get invested during economic downturns. Money is a claim on resources. During an economic downturn, resources need to be used more efficiently. Money that would not be used for useful purposes (luxury goods, frivolous projects) would be withheld, resources are freed up and projects which actually benefit the economy move forward with reduced costs. ... I suspect you learned everything you know about Keynes from stormfront.org a reliable source. |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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DeadCoin
Sr. Member
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Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
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January 18, 2015, 07:43:40 PM |
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Currency is supposed to circulate, not to be hoarded or hidden under the mattress. It's not expected to rise in value.
You people should stop following Mises and Austrian economics. We're no longer in gold standard, you should learn how modern monetary system works before writing nonsense.
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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January 18, 2015, 07:43:50 PM |
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Non-inflationary currency would not get invested during economic downturns. You don't understand finance, and that's fine--but arguing this is getting a bit repetitive. Please educate yourself & return when you have something more than your paranoia about banksters to share.
ty
Freaking Keynesians. Less non-inflationary currency would get invested during economic downturns. Money is a claim on resources. During an economic downturn, resources need to be used more efficiently. Money that would not be used for useful purposes (luxury goods, frivolous projects) would be withheld, resources are freed up and projects which actually benefit the economy move forward with reduced costs. This "pay one man to dig a hole and another to fill it in" stimulus shit needs to be jettisoned. It only retards recovery (and enriches the guy running the program, of course). Correct. Why not have a super-hurricane every year to really get the economy going?  |
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fonsie
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January 18, 2015, 07:44:38 PM |
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Non-inflationary currency would not get invested during economic downturns.
The same amount of dollars that were printed in QE program ended up on the saving accounts of the rich, so it did not help the economy. Poor you and your bronies were pushed even further into the shit. But hey, it's ok if you and your bronies like being kicked in the nutts by uncle same, he sure loves doing it.  |
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LittleDigger
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January 18, 2015, 07:45:48 PM |
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...
>Do you complain about milk being a ripoff because it doesn't last for years?
Nobody uses milk for it's purchasing power, now or present. It's a good that is bought and 'used'.
... No one uses money as a permanent store of value either. At least no one sane does. Now that you know this, stop. @LittleDigger: Good thing you invested your worthless USD into SexCoin, the seriously excellent store of value immune to "currency wars" For me not to profit from Crypto, bitcoin would have to go a couple of thousand into the negatives... But I moved the majority of my liquidity into hard assets, just like Warren Buffett has been doing... Bitcoin aside, I don't think you really understand how money works, which surprises me.. All joking aside, I thought you have made some intelligent arguments, but it's obvious you don't even understand what a "fiat" currency is, what the "reserve currency" is, what the "petrodollar" is, and how it came about.. That's a real pity, because in the coming years it will be useful information... |
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WeltMaster
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January 18, 2015, 07:47:44 PM |
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Currency is supposed to circulate, not to be hoarded or hidden under the mattress. It's not expected to rise in value.
You people should stop following Mises and Austrian economics. We're no longer in gold standard, you should learn how modern monetary system works before writing nonsense.
Implying we're headed in a good directionhttps://www.youtube.com/watch?v=QPKKQnijnsM |
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ronald98
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January 18, 2015, 07:48:01 PM |
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This thread will reach 11000 pages by the time the second playoff game is finished today.
Not unless it gets padded out with pictures of rockets and sinking ships. |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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January 18, 2015, 07:49:10 PM |
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The red dot is slightly in the wrong place. Should be around Yucca Mountain. |
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NotLambchop
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January 18, 2015, 07:50:47 PM |
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... if you and your bronies like being kicked in the nutts by uncle same, he sure loves doing it.
Continue taking Bitcoin's girthy D. Oh look, more surprise buttsecs coming ur way |
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jaberwock
Legendary
Offline
Activity: 2534
Merit: 1073
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January 18, 2015, 07:52:18 PM |
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Currency is supposed to circulate, not to be hoarded or hidden under the mattress. It's not expected to rise in value.
You people should stop following Mises and Austrian economics. We're no longer in gold standard, you should learn how modern monetary system works before writing nonsense.
who said bitcoin is just another form of currency? And without reserves, how one can make the huge investments to produce and distribute stuff that people can buy with money ? |
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NotLambchop
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January 18, 2015, 07:54:45 PM |
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No one uses money as a permanent store of value either
But they do. If money wasn't a store of value then it would be worthless. >permanent Why the fuck not? I bet you're a cuck too. You sound angry. A cuck? But you're the one getting buttraped all year by Bitcoin me shorting your fellow Bitcoiners? |
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fonsie
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January 18, 2015, 07:58:12 PM |
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We need a forum only accessible by proof-of-ownership(btc)... too get rid of these dumb trolls.
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NotLambchop
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January 18, 2015, 07:58:53 PM |
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As relevant to USD & fiat in general as this SexCoin chart is to BTC and crypto as a whole.   |
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JimboToronto
Legendary
Offline
Activity: 3990
Merit: 4457
You're never too old to think young.
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January 18, 2015, 07:59:05 PM |
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This thread will reach 11000 pages by the time the second playoff game is finished today.
Not unless it gets padded out with pictures of rockets and sinking ships. 20 posts per page doesn't change whether they contain pictures or not. |
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samsonn25
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January 18, 2015, 07:59:10 PM |
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The US government at least , only guarantees that the face value of the money that they print will be redeemable for that face value forever.
They do not however guarantee that prices of other things will not go up.
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 18, 2015, 07:59:58 PM |
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Bitfinex  Bitstamp  Explanation |
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kresu
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January 18, 2015, 08:01:47 PM |
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NotLambChop, you're annoying even when ignored.
I call it a master degree.
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LittleDigger
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January 18, 2015, 08:04:14 PM |
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Currency is supposed to circulate, not to be hoarded or hidden under the mattress. It's not expected to rise in value.
You people should stop following Mises and Austrian economics. We're no longer in gold standard, you should learn how modern monetary system works before writing nonsense.
Yes, It should, so why isn't it ?  You, know I'm not going to walk you through it, let's just say you are right, but I'll act as if you aren't cause I'm too arrogant to admit it.. |
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