>The facts were, that from 1929 to 1933, the total quantity of money in the United States, the amount of currency, bank deposits, what is referred to as M2, that toal amount of money DECLINED by 1/3rd >And why did the quantity of money decline? It declined because the federal reserve system failed to prevent the decline in the quantity of money (print more money)
Why do people still pretend that depressions, hyperinflations, and inflation are caused by ANYTHING other than a printing press? Why was Milton one of the good few who wants people to know the truth about monetary policy?
Is this why the banks are so afraid of crypto? Because it's a set amount, and you can't change how much is printed/being printed? Is this why lightning network is shit, because it's essentially an IOU system where you can print as many IOUs as you want?
He was a globalist. He convinced Reagan to not go back on the gold standard when he had a chance too.
My dad actually was a student of his at univ of Chicago MBA finance.
I tell my dad ALL the time he needs to put part of his savings and all of his 401k into gold and silver (real money) or he will lose it all in the currency crisis and deflationary collapse.
Nicholas Diaz
And my dad despite his good "education" doesn't even understand that gold is real money and real savings.
Camden Price
The gold standard is shit too. When you run out of gold you can't print any more currency. Carefully controlled FIAT at 0% inflation is the best method
Owen Myers
Crypto isn't money like gold is money.
If someone gave me 1,000 bitcoins in 2008 which was worth basically nothing at the time......but 9 years later that 1,000 bitcoins could buy my 20 1 million dollar homes.... that's not how money works.
200 years ago banks started issuing dollars.... and you worked for a week and earned 5$.... nobody thought that 5 years later that 5$ would now be able to buy you 20 homes.
Money like the gold backed dollar is supposed to be stable. It's supposed to buy you the same amount of goods 30 years from now as it does today.
What you guys are missing is you don't understand what the primary function of money is.... the primary function of money is to MEASURE VALUE. And nothing has measured value better than gold for thousands of years and even today despite being demonetized still measures value perfectly.... (outside of comex appear price manipulation)
Yes, money printing should match economic growth, nothing more, and nothing less.
Printing too little money gives you depressions, and printing too much gives you inflation. Look at Japan, they carefully control how much money is printed, 100 yen in 1995 is worth the same as it is today.
Eli Jackson
Lol how is that carefully controlled fiat working out for you the last few decades???
It's working out so well you have a bunch of NEETS throwing all their money into shitcoins because it's impossible to make it otherwise.
You literally can't make it because the dollar isn't on a gold standard anymore. 50 years ago you could drive retarded kids to grade school and "make it" with the wife at home raising 3-4 kids.
You fucking idiots can't even identify the problem that's wrong....the problem is cost of living is SKYROCKETING and prices are RISING. Under a gold standard prices don't fucking rise.
John King
FIAT isn't carefully controlled they print money at an insane inflationary rate. The gold standard is never coming back, how the fuck can you shill for the gold standard on a crypto board? crypto isn't backed by gold
prices are skyrocketing because we print too much money not because of the gold standard. print only enough money to match economic growth and NOTHING MORE and inflation will be at almost 0%. I already said look at Japan, they don't have this problem because their central bank isn't ran by kikes, it's ran by japanese people, for the japanese people
Brody Bell
>looks at japanese debt Japan is a timebomb that is just waiting to explode.
