You seem to be describing not deflation but the lowering of the prices of
specific commodities due to price pressure arising from increases in
productivity.
we agree .
my point is only that at least in france, many people mix the reduction of
price with deflation-depression as 1930+.
when Uber
On Thu, Aug 13, 2015 at 3:25 AM, Alain Sepeda alain.sep...@gmail.com
wrote:
deflation is natural and sane in economies where there is growth of
productivity.
This is a good way to increase wages.
You seem to be describing not deflation but the lowering of the prices of
specific commodities
hey Jed, in france it is not far from what you say of your past !
8)
2015-08-14 1:49 GMT+02:00 Jed Rothwell jedrothw...@gmail.com:
Craig Haynie cchayniepub...@gmail.com wrote:
There are only two types of economies that have been demonstrated in the
world: An economy which allows people to
I would add also that currently central bank are desperately injecting
keyneisian money to stop depression, and deflation, but all it does is
inflating assets values, not prices.
this is benefiting finance and crony capitalism, not real economy which
suffer from bad investment decisions.
people
it seems there is an irrational fear of good deflation.
what people are afraid of is the deflation-depression like in 1929+, but
before 1900 there was regular deflation which was not so evil.
currently the Airbnb deflation is giving value to the people by reducing
prices of goods and service...
You are a good teacher Alain - well said.
My personal opinion is that we cannot give this kind of power to large
institutions. There will always be misuse and the cronies as you say will
always be the beneficiary as they can 'scratch' the back of the central
banks.
Unfortunately we do accept the
From Eric
This is the reason I've never understood the appeal of gold or bitcoin.
The urge to take the control of the amount of money in circulation out
of the hands of central banks seems to disregard the danger of deflation.
I'm baffled that there still exist politicians who want
No - Craig I did not write that but I think it is correct in a way.
Your more in dept series of events is actually supporting the statement as
I see it.
More important to me is that you actually give good example to how the
manipulation for political reasons becomes more important than the
On Thu, 2015-08-13 at 17:57 +0100, Ian Walker wrote:
Hi all
In all honesty we need to consider a post capitalism world.
http://www.theguardian.com/commentisfree/video/2015/aug/12/paul-mason-capitalism-failing-time-to-panic-video?CMP=fb_us
There are only two types of economies that have
Lennart,
Money is used to facilitate the exchange of good services; it needn't
have any intrinsic value. The money supply needs to be balanced
distributed to foster it use to balance distribution of these goods
services within the economy. Hence the need for regulation.
All those
Hi all
In all honesty we need to consider a post capitalism world.
http://www.theguardian.com/commentisfree/video/2015/aug/12/paul-mason-capitalism-failing-time-to-panic-video?CMP=fb_us
Kind Regards walker
On 13 August 2015 at 17:32, Lennart Thornros lenn...@thornros.com wrote:
No - Craig I
Craig Haynie cchayniepub...@gmail.com wrote:
There are only two types of economies that have been demonstrated in the
world: An economy which allows people to trade freely; and an economy
which commands all production and distribution. To date, no one has
demonstrated how the latter can
Lennart,
I agree that a change in the system is desperately needed. we need a more
equitable distribution of wealth but I don't see this happening without
gov intervention regulation.
I certainly agree that there is a lot of room for improvement in
government regulation as most institutions
Lennart,
I guess we will just have to disagree.
As an example just compare countries (or states) with strong code
enforcement to those with little on none. You will find the former much
nicer. Corners will always be cut if it's possible.
Ron
--On Thursday, August 13, 2015 12:32 PM -0800
OK Jed.
I am just imagine things then. I am 100 % sure there were less laws and
regulations in the US when I came here almost 30 years ago. My experience
is that it is true in Europe also. I only can build that opinion on hearsay
but . .
I have not read all the boring stuff you read. I have
Ron - I agree that is as it is. Money is there for manipulation. It was
originally to help the barter. Now it is a system all by itself. Its
production is zilch. It is just working for political reasons.
Maybe I am naive. you know I heard almost 30 years ago when i moved to the
US that leadership
Ron, I understand your view. I might just be too radical. However, my
experience is that starting with a clean plate - taking in a minimum of the
regulations and try to catch the regulation with as generic statements as
possible is a good starting poin. The other way to eliminate what is not
On Thu, 2015-08-13 at 06:11 -0800, Lennart Thornros wrote:
deflation in 1929 was because people stopped buying goods, buying
work, to look less indepbted.
No. Deflation in 1929 - 1933 was due to the Federal Reserve's response
to a gold run. At the time, the US dollar was still considered to be
On Thu, 2015-08-13 at 09:48 -0500, Orionworks - Steven Vincent Johnson
wrote:
The appeal for gold is based on an illusion that gold has some kind of
mystical value of its own, as if the it was ordained by God.
Opinions and desires can't be universalized, but I believe that most of
the people
On Wed, Aug 5, 2015 at 2:11 PM, Jed Rothwell jedrothw...@gmail.com wrote:
I know little about economics, but limiting the amount of money based on
the amount gold we have -- or the number of bitcoins -- seems like utter
lunacy to me. It never worked in the past. There are two reasons:
1. The
Eric and Jed,
Why do we need someone to control the amount of money in circulation?
Why do we need to split it up in pieces? I guess it is good for China they
can now fix their economy by letting others pay for it. This nationalistic
way of solving problems will go away. Just let it go natural.
I
On Wed, Aug 5, 2015 at 9:19 PM, Jed Rothwell jedrothw...@gmail.com wrote:
James Bowery jabow...@gmail.com wrote:
True the SPLC could not have acted as a legal person as it did not exist,
but its antecedents certainly did exist in the form of the natural person
who comprised it and then
The Plutocrats of the day wanted a march on Washington to overthrow FDR as
secretly led by them. Congress held hearings and supposedly investigated but as
with modern day TBTJ banks (suggesting snipers for the Occupy movement and
paying for police ‘charities’ in appreciation of their future
Jed,
It cannot be true that you think there is no inflation.. What about my
exampla. If there is no inflation why does the government need to increase
taxes and fees??
Yes there are tendencies at deflation because of all manipulations.
As I said before there is a hidden inflation. Fees and other
James Bowery jabow...@gmail.com wrote:
The SPLC may or may not have been directly involved in the assassination
but it is clear they had the means, motive and opportunity.
With a time machine, not doubt. MLK was assassinated in 1968. The SPLC
was founded in 1971.
True the SPLC could not
Lennart Thornros lenn...@thornros.com wrote:
Money is not the issue.
The way they are handled and looked upon is.
As a .ashfield said there is inflation just that we use all sorts of
methods and stats to hide it.
No, there is not inflation, and if there were, there are no methods or
stats
James Bowery jabow...@gmail.com wrote:
True the SPLC could not have acted as a legal person as it did not exist,
but its antecedents certainly did exist in the form of the natural person
who comprised it and then proceeded . . .
You said they had hundreds of millions of dollars.
I said
I wrote:
2007 $5.1 trillion
2006 $4.6 trillion *THAT SHOULD BE 2008 -- the year of the crash*
2010 $4.7 trillion
2014 $5.8 trillion (finally recovered)
Government income declined from $5.1 to $4.6 while government expenses went
through the roof, because the government bailed out the banks,
Lennart Thornros lenn...@thornros.com wrote:
It cannot be true that you think there is no inflation..
There has been very little overall inflation. Obviously, some things have
gotten expensive, but others are cheaper. For example, eggs are expensive
because of avian influenza. On the other
On Wed, Aug 5, 2015 at 8:22 PM, Jed Rothwell jedrothw...@gmail.com wrote:
James Bowery jabow...@gmail.com wrote:
The SPLC may or may not have been directly involved in the assassination
but it is clear they had the means, motive and opportunity.
With a time machine, not doubt. MLK was
Money is not the issue.
The way they are handled and looked upon is.
As a .ashfield said there is inflation just that we use all sorts of
methods and stats to hide it.
The people hiding it are the same as the guys that said banks do not need
to pay interest that way they can get out of bankruptcy
Mats,
Thanks for the link. A most interesting criticism of current economic
theory. Clearly our fiat money system has high risk but I'm not so sure
that Gilders has the answer.
I touched on the problem, together with a lot of other problems, in a
piece I wrote /Advances in technology that
Gilder's ideas in this latest book may be fresh, but his career is far from
it -- including some very stale ideas such as supply side economics
(which even some of its major proponents eventually admitted was
destructive to the middle class that Gilder supposedly championed from his
early days as
Quoting Gilder's book preview In economist Milton Friedman’s famous
equation MV=PT...
Gilder should learn to use Wikipedia:
https://en.wikipedia.org/wiki/Irving_Fisher#Monetary_economics
On Wed, Aug 5, 2015 at 7:53 AM, James Bowery jabow...@gmail.com wrote:
Gilder's ideas in this latest book
Adrian,
I read your paper. It's very good. For a six page WORD doc it manages to cast
significant light on the socio-economic complexities our society is in the
process of inheriting such as advancing robotics, AI, and automation. The Vort
Collective has been debating many of these issues
Quoting Gilder's book preview Wealth is created by learning curves that
result from millions of falsifiable experiments in entrepreneurship...
Gilder's attempt to impress us with his ability to pedantically parrot
Popperian dogma confuses experiment with hypothesis.
On Wed, Aug 5, 2015 at 9:57
Quoting Gilder's book preview Average American households incomes and net
worth...
Gilder's ignorance of the importance of median (or even mode) as opposed to
average of these variables might be written off as a mere mental typo were
it not for the fact that choosing average over median (or even
Steven,
I read your paper. It's very good. For a six page WORD doc it manages
to cast significant light on the socio-economic complexities our society
is in the process of inheriting such as advancing robotics, AI, and
automation. The Vort Collective has been debating many of these issues
for
I share some vision.
note that UBI is not oposed to working...
UBI make people less afraid to take risk, and they make them always wanting
to work more to have more... but not at any cost in term of comfort.
people will work hard to have a nice leisure time, employing people who
will work hard
Alain,
I share some vision.
It was not clear what source you were referring to in your reply. The
paper that was attached to my earlier reply or Steven's comment on it.
I agree with you that UBI looks like it may be an answer, but as I
suggested, the wise thing to do would be to try a
I recall that the notion of a basic guaranteed income actually came up during
the Nixon administration. They kicked around the idea of getting rid of the
whole welfare establishment and just hand out cash instead. Reagan also
observed the huge expense of welfare as opposed to the actual
Martin Luther King Jr.'s final advice, before he was assassinated, was to
follow Henry George's advice to attack poverty directly with a citizen's
dividend. They shot MLK because he proposed a race-neutral approach to
souther poverty and if there is one thing the Souther Poverty Law Center
cannot
a.ashfield a.ashfi...@verizon.net wrote:
Thanks for the link. A most interesting criticism of current economic
theory. Clearly our fiat money system has high risk but I'm not so sure
that Gilders has the answer.
I know little about economics, but limiting the amount of money based on
the
James Bowery jabow...@gmail.com wrote:
Martin Luther King Jr.'s final advice, before he was assassinated, was to
follow Henry George's advice to attack poverty directly with a citizen's
dividend. They shot MLK because he proposed a race-neutral approach to
souther poverty and if there is one
I don’t see how society can tolerate the inherent power of extreme wealth even
if all other problems of income inequality can be explained away.
If campaign contributions were controlled or eliminated, there could still be
outright bribery. As with elite bankers, what do laws matter if there
Jed,
I know little about economics, but limiting the amount of money based
on the amount gold we have -- or the number of bitcoins -- seems like
utter lunacy to me. It never worked in the past. There are two reasons:
Kurzweil seems to think it may be possible to break the Bitcoin
algorithm
I wrote:
It would make a lot more sense to base the money supply on sand (silicon)
or kilowatt hours of generating capacity, or some other useful commodity.
Here is an interesting quiz:
1. In England circa 1800, what was the most valuable material per gram:
iron, diamonds, or gold?
a.ashfield a.ashfi...@verizon.net wrote:
The only thing in its favor is that the central bank can't then screw
things up.
I am not aware that a central bank is screwing things up now. There has
been no inflation in the US in many years so obviously they are not
printing or circulating too
a.ashfield a.ashfi...@verizon.net wrote:
How does this change without violence or revolution against the
oligarchs? We're gonna need a miracle
This situation has happened many times in history. It results in either a
revolution or the appearance of some charismatic leader that is able to
Jed,
“I am not aware that a central bank is screwing things up now. There has
been no inflation in the US in many years so obviously they are not
printing or circulating too much money.”
But they have in not obvious ways. Making money and lending it the
banks at zero interest and for the
Jed,
In a democracy, you have to persuade the public that it must be done,
not the government.
I know that's the theory, but when the media is all owned by rich people
and the choice presented to the plebs is vote for Tweedledum or
Tweedledee. I remain pessimistic. My wife says I'm too
FDR was nearly the victim of a fascist coup that is usually left out of history
textbooks. And we do have nasty inflation in services, which is often
overlooked in gov. stats. (NPR). Wages have suffered relative deflation as
minimum wage will not pay for rent ( properly) in any of the 50
_Wealth is created by learning curves that result from millions of
falsifiable experiments in entrepreneurship..._
Its says noting about
the quality of this experiments. Some may really create new value but
some only redistribute value.
Even with gold its may be more safe to
invest in old
Chris Zell chrisz...@wetmtv.com wrote:
FDR was nearly the victim of a fascist coup that is usually left out of
history textbooks.
It was left out of every history book I know, and I have read a lot of 'em,
plus original sources.
And we do have nasty inflation in services, which is often
On Wed, Aug 5, 2015 at 2:13 PM, Jed Rothwell jedrothw...@gmail.com wrote:
James Bowery jabow...@gmail.com wrote:
Martin Luther King Jr.'s final advice, before he was assassinated, was to
follow Henry George's advice to attack poverty directly with a citizen's
dividend. They shot MLK because
James Bowery jabow...@gmail.com wrote:
They did not shoot him. One person did. There was no conspiracy.
Mrs. Coretta Scott King welcomed the verdict, saying , “There is abundant
evidence of a major high level conspiracy in the assassination of my
husband, Martin Luther King, Jr. . . .
James Bowery jabow...@gmail.com wrote:
If there were one, the SPLC would never in a million years have anything
to do with it.
The SPLC may or may not have been directly involved in the assassination
but it is clear they had the means, motive and opportunity.
With a time machine, not
On Wed, Aug 5, 2015 at 4:46 PM, Jed Rothwell jedrothw...@gmail.com wrote:
James Bowery jabow...@gmail.com wrote:
If there were one, the SPLC would never in a million years have anything
to do with it.
The SPLC may or may not have been directly involved in the assassination
but it is
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