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Old 11-19-17, 01:06 PM   #10
Skybird
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Join Date: Sep 2001
Location: the mental asylum named Germany
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You cannot eat gold, but you an eat what you can barter for it. And in times of troubles, valuables of higher intrinsic value will always trade you more to eat than items of zero in troinsic value. Every inflation and hyperinflation, every time of big wars and collapse of state orders, is my witness. Since millenia.

Planned state economies cannot be maintained without inflationary created paper money. Politicians cannot corrupt their voiter pools without ifnlaitonary created paper money. Thats why the illusion is kept alive, and that is why politicians love Keynes and hate Hayek. The one was a big mouth, blender and imposter. The other was an intellectually brilliant and universally well-educated mind and a man of very, very wise heart. People like Keynes we have many today, the central banks create them by the legions. Men like Hayek we have almost none. Or Mises. We only know that we could esperately need them, and should listen to them. Marx und Keynes only led us into disaster after disaster.

First paper moeny expeiment was run by the Chinese in the 12th century. It failed terribly, and turned the kingdom into a war-haunted mess. Then for centuries nobody was dumb enough to try it again. When in more recent times it was tried again and again, it always - ALWAYS - failed again. It must, for worthless pieces of paper with no intrinsic value will always return to their real intrinisc value, no matter what numbers the state prints on them: zero. Already noted by Voltaire in a famous quote. One could as well claim that socialism-communism works if only this, if only that. Historic fact is: it never has worked, and never will, because it cannot and never could in the first. If you design a plane but violate the laws of nature and physics all along, you must fail as well, and every time: it will never fly, no matter how much you tell people the opposite. The functioning of so-called market is as adamanetly predeterm ined, you cannot violate the laws of the makret and expcet to endlessly get away with it. The bills will be paid - down to every final nickle and every last dime.
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