Recent content by Black Flag

Again, Using extreme examples to define common principles is a massive fallacy. Unless you have a coherent defense of your principles that applies to the 95% of cases of abortion - where violence upon the mother is not an issue - your argument is futile when describing the extremes Do not...

Steven, Let's end the confusion. FRN are not, and never have been IOU's and are in circulation. They are the only type of U.S. banknote that is still produced today and they should not be confused with Federal Reserve Bank Notes. Certificates represented a certain mix and amount of ore...

Speculators cannot "corner" a market. For every buyer there is a seller. For everyone thinks oil is going up, so they buy now, there is a seller thinking oil is going down, so the sell now. To blame the cost of a good being manipulated upwards by such a scheme is strange.

Try to stay on topic, Steve. FRBN are not IOU's and are money and are redeemable for more of itself. Take a $10 to the bank, and they will redeem it with 2x $5.

Correct.

Nonsense. I do not have time to write a book for you - however, I am still correct in what I said.

Where have you been? Do you think I buy into any authority dictates merely because "he said so?" - that's been your game, sir, not mine. You have repeatedly raised the fallacy of argument by authority, and not me. I said I agree with Mises - I did not say to you "see you're an idiot if you...

1st, I did not use "two" different types of graphs. I used relative graphs - you are trying to use two different types. 2nd, whether or not I agree with shadowstats .... and I have equally no reason to agree or disagree ... the point remains the same - a lack of correlation.

Of course you won’t. You have to make MORE crackpot theories to explain why your first crackpot theory holds no relevance in the real word. Immutable economic law of supply and demand would show inflation – IF your theory is correct. There is none (or little). Instead of reviewing the...

No, I have said FRBN represented by computer digits is real money too. Because you do not understand the concept of "bailment" is not my fault.

My references only pertain to 1980 to present so it doesn't matter

This is a surprise to you? You are more confused than I thought! It is. But since you do not understand the term "bailment", the distinguishment is lost on you. Only to someone who is ignorant of the difference between debt and bailment It is not a debt - it is a bailment. Look up the...

Steven Paul If your crackpot theory of money was correct, inflation would track M2 - that is, M0+check-able deposits+traveler's checks (M1)+ savings deposits, time deposits less than $100,000 and money market deposit accounts for individuals (M2) The graph shows a massive increase in M2 over...

Nonsense, Steven. It is your claim that debt is money. I ask how can an IOU - something created that is referenced by money be money. It would be it's own reference - but then its not an IOU! Your bizarro world is irrational - and when confronted, you merely fall back into your irrational...

Nonsense, Paul. You get confused between digital money which is real money, and debt which is what you believe is money. Digital money is not debt - it is not an IOU. It is a bailment - it is your money, only your money and always your money. But because you hold a crack pot theory of money...