| Mr Khan said: You're vastly oversimplifying, you know. And Tonestarr is right (which is why i'm not going to moderate him), not that you "don't" understand economics, but you know you understand economics better than this. Pretty much everyone's got inflation to some degree or other, and any currency that has existed as long as the US dollar is going to have lost more or less as much value. Especially egregious because you're comparing the dollar across FOUR major international currency exchange schemes (gold standard, interwar currency wars, Bretton Woods, and the current Floating regime) and confusing inflation for depreciation which, while related, are not one in the same at all. Aside from the fact that running across such a large period of time entails significant changes in global systems You can do better than this. |
Oh yeah, the point of the OP as to generate a response. I'm sure if I had a lengthy OP, people would just open it, and not bother reading it, and nobody hears the Austrian arguments to these things. I create the thread with something simple, get controversy, and then open up to debate. I may get my arse handed to me, but that's a risk I take, in just trying to debunk some of the myths (note: even I do get my arse handed to me, doesn't mean I'm wrong... just means that I'm not as versed in that area as the opponent).
Moderate Tonestarr? Did somebody report him, then?
