The Mudcat Café TM
Thread #128440 Message #2875931
Posted By: Jack the Sailor
30-Mar-10 - 05:05 PM
Thread Name: BS: The strangest idea in the USA
Subject: RE: BS: The strangest idea in the USA
>>>You're mistaken, Jack.
I know what I know about economics. Believe me, thinking about calculating the money supply in the current economy would make your head spin. It makes my head spin.
Trying to imagine that with every banknote backed by precious metal, in a vault somewhere, under lock and key is a flight of fancy that makes Avatar the movie look a mundane as the classified ads. My examples weren't meant to be real, just illustrative of a small sliver of the complexity.
You are right not to waste your time with me. If you can coherently explain how to transition to a precious metal economy, without total economic collapse, economic ruin and all of the US's precious metal being shipped offshore. Then you should spend your time writing that down. Keep in mind that the Nobel Prize for economics is 1.4 million dollars, that you would no doubt be offered a full professorship at the University of Chicago, (remember that Obama was only a part-timer) and possibly the position of Secretary of Treasury in President Ron Paul's cabinet.
Its just a theory of mine, but I think that it is only his whacky economic theories about the gold standard, that are keeping Ron Paul from being a viable candidate for the Republican nomination.