Looks like we might have a solution ( 11:30 am ) - Page 9 - PeachParts Mercedes-Benz Forum

MS Fowler · #**121** 10-02-2008, 06:13 AM

Quote:

Originally Posted by DieselAddict

The Gold Standard was abandoned by the whole world decades ago. From what I know it was too inflexible and volatile, leading to frequent instability whenever gold prices changed.

Think about what you wrote. " whenever gold prices changed" Gold was the STANDARD! When gold prices "changed", it simply meant that that particular currency was not worth as much as it had been. The standard does not change.
Yes, it was inflexible--the question is whether an inflexible currency is a good thing.

aklim · #**122** 10-02-2008, 08:28 AM

Quote:

Originally Posted by DieselAddict

Yes I made money from this and I'm still ahead, but I'm not saying what happened was good. Like I said it went too far and a lot of people, especially Wall Street, got drunk on it. The answer is not less regulation. The answer is good regulation. If you think the answer is less regulation, think what happened during the Great Depression. The market can do incredibly stupid things on its own.

But so far, good regulation has pretty much been like the hodag in WI. Talked about, laughed about but nobody has seen it.

DieselAddict · #**123** 10-03-2008, 01:55 AM

Quote:

Originally Posted by MS Fowler

Think about what you wrote. " whenever gold prices changed" Gold was the STANDARD! When gold prices "changed", it simply meant that that particular currency was not worth as much as it had been. The standard does not change.
Yes, it was inflexible--the question is whether an inflexible currency is a good thing.

I did think about what I wrote. If the Gold Standard was a good thing, why did the whole world abandon it?

Quote:

Originally Posted by aklim

But so far, good regulation has pretty much been like the hodag in WI. Talked about, laughed about but nobody has seen it.

I've seen it and I've given examples of it. Apparently you don't like any regulation that has ever been enacted.

MS Fowler · #**124** 10-03-2008, 06:26 AM

[QUOTE=DieselAddict;1982601]I did think about what I wrote. If the Gold Standard was a good thing, why did the whole world abandon it?

In my opinion, the US abandoned the gold standard because it would not allow the politicians to simply print more money to pay for their political promises and social programs.

Botnst · #**125** 10-03-2008, 07:35 AM

[QUOTE=MS Fowler;1982658]

Quote:

Originally Posted by DieselAddict

I did think about what I wrote. If the Gold Standard was a good thing, why did the whole world abandon it?

In my opinion, the US abandoned the gold standard because it would not allow the politicians to simply print more money to pay for their political promises and social programs.

That's not how they phrased it.

They said, correctly, that a standard is too rigid (duh) and that modern finances required greater flexibility.

aklim · #**126** 10-03-2008, 08:15 AM

Quote:

Originally Posted by DieselAddict

I've seen it and I've given examples of it. Apparently you don't like any regulation that has ever been enacted.

The reason I haven't liked it is because of the problems that they cause later on. Good regulation to me doesn't mean that they do what you ask them to do ONLY. What I have seen of "good regulation" is like a payday loan. You solve the current crisis but create a bigger one later on.

MS Fowler · #**127** 10-03-2008, 08:29 AM

[QUOTE=Botnst;1982675]

Quote:

Originally Posted by MS Fowler

That's not how they phrased it.

They said, correctly, that a standard is too rigid (duh) and that modern finances required greater flexibility.

So what I wrote was correct, but the politicians put a different spin on it? Imagine that!

Botnst · #**128** 10-03-2008, 08:32 AM

[QUOTE=MS Fowler;1982703]

Quote:

Originally Posted by Botnst

So what I wrote was correct, but the politicians put a different spin on it? Imagine that!

Amen, brother.

450slcguy · #**129** 10-03-2008, 11:26 AM

I'm gonna do a flip-flop here.... Reject the bailout plan. This bill went from bad to very very bad.

Gotta be a better answer.

Botnst · #**130** 10-03-2008, 11:47 AM

Quote:

Originally Posted by 450slcguy

I'm gonna do a flip-flop here.... Reject the bailout plan. This bill went from bad to very very bad.

Gotta be a better answer.

Pile-on the special interest tax breaks. Yahoo.

It stinketh in it's heap of excrement.