Comments on: The Limbaugh Deal – Grimgold

By: Daddy-O

Daddy-O — Fri, 24 Aug 2007 15:39:50 +0000

So, grimgold…are you an economist in your day job?

You claim we can go to a non-inflating dollar? How could we possibly do that?

There are so many economic forces at work that are UNCONTROLLABLE, working to inflate, de-flate, de-value and over-value our currency. They’re all working simultaneously. The international currency markets are just one example; the Fed’s toying with their various interest rates; the housing and mortgage markets; the Federal DEFICIT; OTHER countries’ economic woes and strengths; the list is almost endless.

For you to sit there and claim we can do something about this with the little evidence you provide is LAUGHABLE. Sorry, dude, but you’re going to actually have to do some homework before you’re going to convince anyone but yourself that you have the Magic Bullet of Economic Success.

All that’s necessary is for the public to finally understand it…

Understand WHAT? And if you respond with anything less than a PhD.-worthy 60 pages of lengthy reports and charts, fahgetaboutit, aayy. Do us all a favor and post the PUNCHLINE to that Rush Limbaugh joke.

Is Grimgold a pseudonym for Bartcop? Is this your inner conservative economist coming out? That would be fine with me.

But leave the simple solutions to complex economic problems to the experts. I’ll bet Hillary knows more than a few…

By: grimgold

grimgold — Fri, 24 Aug 2007 15:02:52 +0000

I’m not ranting! We certainly can go to a non-inflating dollar, and this without going to a gold standard. All that’s necessary is for the publlic to finally understand it. They don’t, it’s not taught in our schools and so it goes on.
Only the federal govt benefits from inflation. This is wrong.

By: Daddy-O

Daddy-O — Thu, 23 Aug 2007 16:40:55 +0000

William Jennings Bryan tried to run for President a hundred years ago on this issue. He lost.

What makes you think there is a magical item, commodity, a good to trade, sell or buy, that DOES NOT INCREASE OR DECREASE IN VALUE, so solid that we should base our currency on it? There is no such magical animal, vegetable or mineral.

What makes you think that gold, silver or anything else would be what we should base our currency on? I agree that basing it on a precious metal makes more sense than basing it on the full faith and credit of the United States of America. But those precious metals fluctuate in value every day.

Bart, what is this guy doing on your blog? What is the point of letting him rant?

By: Peregrin

Peregrin — Thu, 23 Aug 2007 05:08:40 +0000

I kept expecting to see a humourous conclusion to the story. Instead you gave us a nostalgic bit of wishful thinking.

Once upon a time, the US monetary system was based upon the gold standard. A dollar was worth a set weight of gold. But this system is decades gone, and there is no feasible way to bring it back. The people in charge of the money market make colossal profit from the current system.

I’d also like to go back to the days of Leave It To Beaver. The only problem is, those days never really existed.