Showing posts with label Gold Standard. Show all posts
Showing posts with label Gold Standard. Show all posts

Tuesday, September 2, 2008

The Private Sector and Government

Suppose we had a company that made disinfectants, floor cleaners, bleach, etc.
Suppose this company decided to water it down in order to save money, but passed it off as the pure product. Certainly the government would intervene. Certainly people would more or less call for their heads.
Well, why is the government exempt from this treatment? I'll admit, if government screws up enough, the other party may win next election (but that an be anywhere from tomorrow until 4 years from now). What if it's part of the system though? Like the federal reserve.
A company watering down it's cleaning products is like the fed printing money. They're watering down the value of the dollar. No one seems to mind though.

Wednesday, August 20, 2008

In God We Trust?!

http://www.msnbc.msn.com/id/10103521/

Interesting topic. "Should the motto 'In God We Trust' be removed from U.S. currency?"

So, I wonder what our options are?
Yes. It's a violation of the principle of separation of church and state.

No no, it isn't.

No. The motto has historical and patriotic significance and does nothing to establish a state religion.

Wait, these are my only choices?

Guess I ought to just view the results then
Vote to see results

...oh.

I'd say it shouldn't mainly for the "patriotic" significance. I trust in the Prince of Peace. I trust in God. However, the politicians trust in Mars it would seem. I don't want their perverted worship of a false god, the god of war that they masquerade as the one true God, to be proclaimed from my near-worthless money. Not to mention it implies some sort of Divine Mandate that a Chinese Emperor could only dream of.
Of course if we had gold coins it wouldn't matter much what was printed on it since an American coin would be worth the same as a nigerian coin with the same gold amount. Hell, it could be privately minted with the atheist atom symbol.
(Heck even though I'm not one, I'd probably try to hunt one down)

Thursday, May 22, 2008

A Message to Gold Standard Crusaders

As a gold standard crusader, I'm worried about the future. As long as we stay with the fiat dollar, our money will be nearly worthless if more hyper inflationists become the Federal Reserve chairman.
However, the Gold Standard may bring more frightening problems. Populists like Lou Dobbs and the Democratic Party (of the Irony) will end up fighting for Free Silver. This will be as dangerous, or even more dangerous, than the Fiat Dollar.
If we can ever return to the gold standard, I see free silver becoming an issue within a few decades. Unfortunately, I can see McBamaton fighting for it.
And this is the problem with populism. With a gold standard, it hurts the government (causes it to bankrupt) while the fiat dollar hurts businesses. This is mainly because without the issue of free silver, the populists will turn their sights to wages and some of the more socialistic ones will tax the rich to make one class which the parasite can devour.