Recent content by vickersvimy

I never said that there was no inflation - there is, but that it doesn't matter too much. The loans being made actually help me in the long run because, say that I am unemployed, that loan could be why I get a job. The reason why the banking system is the way it is is a product of continuous...

Don't understand Macroeconomics much do you? Essentially as more people are born and the economy grows then there is a greater demand for money. To match this the government must create more money to stimulate the economy.

There is a difference. The amount you put into the economy at a specified time determines what will happen. Sure flooding it with lots and lots of money suddenly will cause (bad) inflation but in QE the money isn't printed and just used it is loaned out etc.

Deflation harms an economy because... well, my income is your expenditure and vice versa. When deflation kicks in I and you lose money to this. You seem to also make the dubious assumption that people in a market place are rational. Most of the time they aren't. They will buy stupid things for...

I said that they hampered the recovery. The recovery was faster! While in some countries this was correct in Britain the recovery lasted into the 1890's. Also the Gold Standard or going back onto it may have helped cause the 1873 recession. The Great Depression was far worse. The oil prices...

Not really. A cannon is much much less powerful than a tank. It wasn't the same thing. A tank is basically heavy artillery on wheels. A cannon is fairly light artillery with a fairly short range.

This is, overall, a bad idea because it would tax the poor. It would be a regressive tax and drive (even more) people to poverty.

Borrowing =/= stimulus. I was referring to the Emergency Economic Stabilization Act of 2008. It would have had to have been released at once, a stimulus of around 10 trillion plus an increase in states, welfare and subsidies plus tax cuts and (even heavier) deficit spending. Basically all the...

Savings may not be as secure as you theorize. Less people would take out loans which could increase in value overnight and businesses wouldn't be as competitive.

Because countries that have done this are total tin pot dictatorships. In all seriousness though the Second Amendment is outdated. When it was written the weapons were commonly muskets and early rifles. The highest kind of weapon they had were gatling guns and even those came years later. It was...

Which is why in some countries stuff like welfare is tied to the inflation rate. We could also solve this by raising the minimum wage. If you are right then there would be little effect. If you are wrong then we would see a similar effect to if the Gold Standard returned. (Wages would be worth...

Irrelevant. Having a high value dollar would hurt more than it helps. US manufacturing would suffer as US products would be more expensive to buy and the poor wouldn't be able to take out any loans because of the high cost of doing so.

That is simply explained. The Great Depression was caused by the stock market bubble. Without stocks being worth much then businesses lacked new capital to use. Even then some countries recovered in the early 40's. The current depression recovery has been hindered by conservatives. The Obama...

Actually it has lessened the length and effects of depressions. For an example look to the Great Depression. During the New Deal years President Roosevelt, under pressure from contemporary economists and his cabinet, turned to economic conservatism. It caused the Roosevelt Recession. It was...

How is that less valid than yours? Your argument is literally "Well the Fed did it..." but crashes -even depressions- happened before the fed. Heck, before the fed when there was a crash you had to rely on private persons, if they could even afford it, to bail the economy out. In the 1907 crash...