SimonS

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    • Thu Oct 9th 18:10 PM | Rating: 0 0
      Commented on:
      Nation's Debt: It's Not Being Rescued, It's Being Moved Around
      I don't understand. If you only consider the debt that the public holds, in that you ought to exclude the debt that social security owns, shouldn't you then have to assume that retirees get no benefit?
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    • Thu Aug 28th 21:28 PM | Rating: 0 0
      Commented on:
      Looming Financial Catastrophe: A Real Inconvenient Truth
      Thank you for the article.
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    • Fri Aug 1st 16:56 PM | Rating: 0 0
      Commented on:
      Which Inflation Is It Anyway?
      JasonC - If money is to be used as a store of value, its supply should correlate with the amount of goods and services in the economy. Otherwise, you would get an imbalance that triggers price increases because it has been devalued (think of what's happening in Zimbabwe.) In gold standard, price actually decreases as new goods and services get created with virtually constant money supply.

      You can still borrow money in a full-reserve banking system. It's just that the lender cannot withdraw the money in exchange of interests until the debt gets repaid. In contrast, fractional reserve banking system can lend out up to 90% of deposits which is equivalent to expanding the money supply 10 times.
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    • Mon Jan 7th 00:54 AM | Rating: 0 0
      Commented on:
      The Incredible Lightness of Being (Employed)
      Here's a thought: buy commodities. Something that hasn't been said here is run away inflation. We're in for a ride.
      View article »
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