Is it possible for you to think in terms other than black and white?

I want people to be successful and make lots of money. Success promotes success. The question HERE SPECIFICALLY, is at what point should there be a balance between the stability of one's own economy, and the capability to buy several jets. This guy likely makes about 3b a year after all is said and done.

Typical sensationalist response though. You'll drum up tons of support from the middle with an attitude like that. As republicans are really going to learn this election, their job is to entice the undecided, the middle. Painting an opposing idea in an obviously spun way only turns them off. Work on that.

"In summation, Temin was right to notice that the inflation of the 1830s began in 1830 not in 

1833.  However, he is wrong to absolve President Jackson and the state banks of all blame for the 

monetary and credit inflation of the decade.  The incorporated, fractional-reserve banks of the 

states were the chief cause of the inflation previous to the panic, and Jackson's state-bank 

depository system was a secondary cause.  Temin is also wrong to blame the Panic of 1837 

merely on changing market conditions abroad.  Had the United States had a sound banking and 

monetary system founded on 100 percent specie reserves, the fall in cotton prices and the drying 

up of British credit would have been a mere temporary inconvenience and certainly would not 

have led to a calamitous panic, followed by a brief recovery and then a second panic and a four 

year business contraction.  "

http://mises.org/journals/scholar/trask1.pdf

Specie reserves aren't the answer either. Keeping the system in check under specie reserves requires much more vigorous government intervention than even our current floating exchange rate system (though less so than Bretton Woods).

Studies out there show that the economy was more sharply cyclical in the heyday of the Gold Standard, rather than less. You've previously espoused that the pre-civil war, pre-centralized currency system was the ideal. Unless you want a non-centralized strict specie reserve system.

When a large portion of your economy is made up of agriculture, a poor harvest can cause "cyclical" movements.

Well, I don't agree with what the author proposes. Point is, the panic can be attributed to a central bank (BUS), and state-level santioned banks

Am I to assume that you mis-quoted?

I think he took Khan's geniune response as sarcasm.  Which, a lot of people would do if they didn't really know Khan.

Let's do a social experiment, then: go to the slums of Calcutta, have someone shoot you in the spine, then pull yourself up by your bootstraps and conquer that country.

I'll wait.