Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=9837
-- WSJ, todayCanadian cryptocurrency exchange Quadriga says customers’ holdings are trapped in an electronic vault after the firm’s founder died without revealing the access keys to unlock his laptop
Deflation is good. Inflation is bad.boglerdude wrote: ↑Wed Feb 06, 2019 9:12 pm "Cryptocurrencies are deflationary" not sure if this is bad.
https://www.cato.org/policy-report/mayj ... -deflation
I should read this
"All the economists" are not wrong.boglerdude wrote: ↑Thu Feb 07, 2019 12:03 am > Deflation is good
So...why are you right and all the economists wrong.
http://www.igmchicago.org/igm-economic- ... UYOXSAKwrq
"a growing economy requires a growing supply of money to finance a growing volume of transactions with price stability."
"Fiat money (money not backed by gold) provides significantly more stable price levels over long periods of time. Stable price levels reduce uncertainty about the future, which increases the amount of investments made in projects that might not pay off for several years. When investment levels are higher, this improves both the long-term growth path of the economy and the long-term level of employment. Stable, predictable price-levels are the bedrock of a stable economy. Gold-standards subject the price level to the unpredictable movements in the both the supply of gold and the level of output."
https://www.reddit.com/r/badeconomics/c ... s/dc5b98o/
Look at the instability w/gold.
btw I dare you to post on that forum O.O
While some Austrian economists foresaw the housing collapse, and also add some limited useful insights into some aspects of economics or monetary policy, let's not forget that many make ridiculous predictions about debt/interest/inflation spirals engulfing the U.S. that keep not happening. They also were generally part of the crowd that completely misspoke about the nature of the Fed, treasury and member banks while the monetary realist crowd was trying to figure out and/or explain exactly how these systems work.Libertarian666 wrote: ↑Thu Feb 07, 2019 11:35 am"All the economists" are not wrong.boglerdude wrote: ↑Thu Feb 07, 2019 12:03 am > Deflation is good
So...why are you right and all the economists wrong.
http://www.igmchicago.org/igm-economic- ... UYOXSAKwrq
"a growing economy requires a growing supply of money to finance a growing volume of transactions with price stability."
"Fiat money (money not backed by gold) provides significantly more stable price levels over long periods of time. Stable price levels reduce uncertainty about the future, which increases the amount of investments made in projects that might not pay off for several years. When investment levels are higher, this improves both the long-term growth path of the economy and the long-term level of employment. Stable, predictable price-levels are the bedrock of a stable economy. Gold-standards subject the price level to the unpredictable movements in the both the supply of gold and the level of output."
https://www.reddit.com/r/badeconomics/c ... s/dc5b98o/
Look at the instability w/gold.
btw I dare you to post on that forum O.O
Austrian economists are right; other "economists" are wrong.
Hope that helps.