Yea Forums is onto something

Yea Forums is onto something
time to return to the gold standard
Keynes can suck my fat chode

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npr.org/sections/money/2015/02/11/384988128/the-fall-and-rise-of-u-s-inequality-in-2-graphs
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I’d rather save up my jahcoin.

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Gold standard is shit though. There's a reason nobody uses it.

We've been off the gold standard for forty years. If there's an apocalypse coming, it sure is taking its time.

It sucked because da gubbermint took it over. That's not a real gold standard.
Even a half-assed metallic standard is better than nothing. Just look at wage growth rates since the "gold standard" was abolished in the US:
npr.org/sections/money/2015/02/11/384988128/the-fall-and-rise-of-u-s-inequality-in-2-graphs
of course NPR doesn't know their ass from a hole in the ground
>muh unions
>muh globalism
but if you look at the graph knowing the gold standard ended during the 70's it's pretty telling

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>That's not a real gold standard
So what, you want a gold standard without a central bank? That shit is even worse.

They can never return to the gold standard, the world doesn’t have enough gold on it to cover the amount of usd in circulation.

Are you literally fucking retarded? You are lucky the U.S. is socialist.

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Nice reply, you’re worse than a pornfag.

countries all around the world are hoarding up gold
you know why you see so many bullion commercials? because those fuckin boomers are exchanging their gold with quick funbux before checkin out

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Public services that are owned and operated by the government are socialized, not privatized. Some prisons are privatized, not all, and the privatized ones are pretty awful because of the conflict of interests involved.

this is why I fucking despise the public education system
they teach these Keynesian theories as if they're fact. You know Keynes admitted he was wrong about the gold standard later in life?
it's not an issue of regulation of currency, but you are on the right track about it being an issue of regulation. What needs to be regulated (i.e. made illegal) is fractional reserve banking.
A run on the bank is only a problem if the bank can sell off property (money) it holds on your behalf without a time agreement (like a time deposit or certificate of deposit). Demand deposit accounts should not be operated under a fractional-reserve system.
Do a little bit of thinking instead of accepting everything your high school econ teacher said about the glory of the Fed. There's a reason (s)he's a high school teacher lol

We eventually reset to a gold / silver standard... yep.
>however
Central banks will not go easy - and even when fiat fades they still hold a lot of gold anyway. You will have to see a total break down in society before the gold standard comes back.
>What happens first
US Dollar goes into crisis... Amerifat starts to look a bit like Venezuela. Money chases the least retarded currencies... Gold and silver spike in value but we do not revert to the standard yet. IMF comes in to save the day with a basket currency that holds stocks / bonds / commodities etc.
>By 2030
The dollar exists but it is a shell... it is tied to the new IMF currency.. America hyper inflated out its old currency. Roughly one million dollars in cash today is worth about 20 dollars of the new currency. Gold Silver and Crypto hold as inflationary protectors - but not mainline currencies. The new IMF Currency does have a crypto form that people use mainly.
>2030 - 2080
The shell game can continue for another 50 years at least. This next bail out is not just banks - it is countries. Power will be consolidated to one world bank.

I hate how correct you are

It's disgusting how many niggers and spics have been brainwashed by the school systems on this board, keep following what your school teachers tell you, go into debt keep that economy going. Only going to pump up my union retirement and millions of dollars of inflated farmland i'll get from the will.

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>You know Keynes admitted he was wrong about the gold standard later in life?
That literally doesn't matter, any more than it would matter if Darwin said that he was wrong about evolution. Evolution would still be true and the gold standard would still be problematic.
>What needs to be regulated (i.e. made illegal) is fractional reserve banking.
Farewell economic growth.

Regardless if they are not privatized, they were never businesses to begin with, they are public servants. Public services dont operate like businesses or socialist businesses (like factories and junk in USSR)

Imagine being so dumb you support you unions and socialism while working minimum wage, when in fact you have to work for less to subsidize the union workers pay. Which is why minimum wage will never and can never equal to how much I get paid working for the UAW. Hmmm I really wonder why they want more dumb niggers and spics here, definitely couldn't be because they aren't as smart and way more submissive no that possibly can't be it.

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They have employees, a revenue source, and provide goods and services. If you want to complain that they don't meet your technical definition then you're free to do so, but I say they count.

Unions have gotten out of hand, but without them there wouldn't even be a minimum wage.

>NPR doesn't know their ass from a hole in the ground

You know, based upon their fact based research and combined knowledge, I'm going with them. Any fuck that thinks Keynesian economic theory isn't the best usable theory, is probably one of those libertarian shitheads that think a.) they're smarter than everybody else (pro tip: nope) and b.) because of that they would rule the world if we just got rid of those pesky government people that cock block them. You're a fool. Most emotion content neutral economists agree. Milton Friedman was a morally bad person. Suck my dick bitch.

>Farewell economic growth.
1. fractional reserves for demand deposits is not a prerequisite to economic expansion
2. the kind of economic "gains" enabled by fractional reserve banking and a fiat currency are what keep the rich getting richer, and of course libtards love to complain about this but they're too fucking braindead to see the real systems which enable it

>FederalReserveBoard.jpeg

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>fractional reserves for demand deposits is not a prerequisite to economic expansion
It is a prerequisite for maximum economic expansion.
>the kind of economic "gains" enabled by fractional reserve banking and a fiat currency are what keep the rich getting richer,
They also enable the non-rich to become rich. Good luck getting approved for a small business loan when banks can't use demand deposits.

no. you could only be more wrong if you stated: "potato." you are a classic example of what happens when stupid people think they're smart. what is the value of gold? it's ability to be malleable and shiny. Period. That's it. Because it was somewhat rare in ancient times and could be fashioned into jewelry, humans gave it value. We don't need that shit anymore. Therefore, any value you place on gold is no different than what you'd place on a piece of paper with cute stuff on it. Only because we say it has value and we all agree on it, does it mean anything. We choose what we value and we don't choose gold anymore. Grow the fuck up.

do you actually understand the bases of the Austrian and Keynesian schools or do you just like "owning libertarians with facts and logic" on the internet?

Well I was comparing Keynesian theory versus Freidman's complete abandonment of government involvement and his University of Chicago School of Economics. And the world has moved past the Austrian model 100 years ago. Keep up.

Including results for 'blindly regurgitating the findings of a single paper'.
Search only for 'fact based research and combined knowledge'?

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Bump
Adam Smith makes Keynes look like a baboon with down-syndrome

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return to the golden standard

Bump