I've studied economics JN. In fact, I was a guest teacher at the local CC this summer and taught Econ 101 (Macro). It was something i wanted to do for a long time and everything kind of came together. I'm not saying that for any reason other than at the moment I am particularly sharp at constructing marginal output curves and the like, so before we go there consider this.Juggernaut Nihilism wrote:Mr. P, stop with the "whatever comes after the Fed' generalities. You enjoy telling other people their economic views are too stupid to merit a response, then refraining from offering concrete proposals of your own so as not to expose them to scrutiny, and calling that a debate victory. Which it might be if everyone here wasn't completely familiar with the tired old tactic. So what comes after the Fed, in Mr Perfect's perfect world? Floating interest rates? Gold standard?
Nobody debates Sears' capital financing program. Nobody debates the pricing models of craigslist participants. Nobody discusses a nationalized career management bureau where adult Americans show up and the government tells them what to do with their life. We just don't debate it. All of this happens naturally without any central planning whatsoever.
This is very difficult for someone like yourself who is hard wired as a central planning overthinking meddler. My experience reading your material is you seem to want to put your hand in everything and put your spin on it. We don't need you to do that. I've got by my whole life without any input from you whatsoever and I'm very happy with the results. That's not to say that your not a fun hip cat or whatever, but I don't think you have any business influencing the government to tell me how I can make a living or how I should handle my financial or investment decisions, for starters.
I don't assume that anyone needs me to tell them how to use money, other than say from a perspective of financial education. If my neighbors want to use cocaine or potato chips as money as they trade their household items to each other I honestly couldn't care less. It's their business. I can't motivate myself to butt in and tell them they need to first set up a central potato chip bank and they need 11 board governors and what not. I firmly believe all of that stuff will take care of itself.
Collectivism has so infected your brain that you can't imagine money without government policy. Almost no economic activity depends on government policy, money is the same way. We have black markets all over the world that operate very stably despite the government, not because of it. Human beings somehow managed to use money for thousands and thousands of years across many cultures without ever hearing of Ben Bernanke or a Federal Reserve. we can do it again. I don't need Fed governors in order to buy and sell products, I can easily find a medium of exchange without them. So can everyone else.