Random
Ethnic nalgocrat
brotherhood
the neoliberal vision of the future
- Thread starter Dillinger4
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brotherhood
Random
Ethnic nalgocrat
The Friborgarförbundet you link to look hillarious. They seem to be a Norwegian version of the Freemen of the Land - they say that, just like you can opt out of paying church fees if you're not christian, you should be able to opt out of paying state taxes if you're an individualist.
nino_savatte
No pasaran!
Congo Free State, onar? That's at least 5 times now.
rekil
to menny cranks
This is nonsense, unless you call machine gunning striking workers heroic and politically progressive, which as you've already made clear, you do.
nino_savatte
No pasaran!
He hasn't dealt with the Congo Free State yet, so good luck.
nino_savatte
No pasaran!
That's because, in his eyes, striking workers are "moochers and looters".
Random
Ethnic nalgocrat
Me means progressive, as in left wing, as in fascist.
It's perfectly possible to get inflation under a gold standard precisely due to what you mention here, but it just doesn't happen very often. There are two my knowledge only two events in gold the last few centuries that could be argued to be inflationary. One is the gold robbed by the spaniards in South America, the other is the gold found in the gold rush in California.
ViolentPanda
Hardly getting over it.
Interesting. By your own lights your system has no utility outside the world of ideas, a world "in which there is [sic] no central banks, no bank regulations and where gold is the standard measure of value. In other words, I am referring to a gold standard FRB under laissez-faire free banking."
In other words, you prove nothing except that your model only has utility as a model, an intellectual construct. It cannot be operated "in the real world", because the conditions you state have not, do not (and currently cannot) pertain.
Idris2002
canadian girlfriend
Your answer please, regarding both the Congo Free State and your foul slur on Leon Blum and his comrades.
Pickman's model
Starry Wisdom
in the last few centuries... because of course the sixteenth century's not that long ago.
Ok, about time to answer that. For some reason it is called a "Free State," heaven only knows why. It has no connection to the Free State Initiative and it should be clear from the fact that it was a PRIVATE state partially owned by a MONARCH, that this was not a laissez-faire free state. So why bring it up? You're not seriously suggesting that because someone just happened to call it "Free State" that I should have to answer for the crimes did in that place?
rekil
to menny cranks
That occurred to me, but it's just rubbish whichever way he intended it.
ViolentPanda
Hardly getting over it.
does this mean that the forego use of any appurtenance of the state that has been funded by the taxes of others? I'd be quite happy for people to do so on that basis, but sadly, most of them expect the rest of us to fund their use of services and infrastructure instead.
Fucking freeloaders!
nino_savatte
No pasaran!
Is this you, onarchy?
I'm dying to know what publications you've written for.
I'm dying to know what publications you've written for.
littlebabyjesus
one of Maxwell's demons
For some odd reason, I read that. Two immediate criticisms spring to mind.
First, you state that the 'bullwhip effect' caused by longer supply chains is the cause of boom and bust. But you don't demonstrate this. You need to show the mechanism by which this creates booms and busts.
This is your argument:
It isn't an argument – it is a leap.
Second, you do not address the issue of interest due on loans in your analysis of fractional reserve lending. That a borrower is expected to pay back not 100 but in fact, say, 110 groats means that either 1. there needs to be 10% growth, or 2. they must borrow again to pay the interest. In practice, the rate of interest due on loans is normally higher than the rate of growth. Thus, any system of lending money at interest leads to a cycle of ever-larger loans being taken out and is inflationary. You have simply ignored this question entirely – interest does not feature in your analysis.
Either way, as an economy grows, the nominal value of gold, assuming its quantity remains fixed, must be adjusted to fit the new amount of money in circulation. The gold standard was just a fiction – a means of securing confidence in money. You can't say "wait there folks, we can't increase the money supply until we've found some more gold to dig up".
ViolentPanda
Hardly getting over it.
It's the Iron Heel, in it's farcical incarnation, as we've already had the tragic one.
Idris2002
canadian girlfriend
The Congo Free State was the personal property of King Leopold III, who opened it up to extreme capitalist exploitation, and in so doing killed at least 10 million people.
Now, about your slur on the French socialists. . . you fucking liar.
butchersapron
Bring back hanging
It makes perfect sense when you start realise he's starting from the sort of idiocy in that Goldberg book blagsta mentioned earlier - specifically the claim made there
ViolentPanda
Hardly getting over it.
So you missed the worldwide economic stresses caused by, in the 19th century alone, the gold rushes in the Yukon territory, in Australia and in South Africa, then?
There really aren't enough facepalms in the world.
nino_savatte
No pasaran!
You took your time. I'm not asking you to take responsibility for the countless deaths of the natives. I'm trying to get you to be honest about these "Free State" projects. I disagree with your assertion that the Congo Free State was not "laissez faire". It was, even though it was run as a personal enterprise of Leopold. What precisely is so different between a monarch running the show and a small band of equally ruthless and voracious capitalists doing the same thing? Precious little. Those who are not members of the elite are ostensibly enslaved. No workers rights. No collective bargaining power and the oligarchy can do what it likes to those whom it has shackled to its profit-making machine.
Now perhaps you could respond to Idris's point about your vile slurs of French socialism.
rekil
to menny cranks
Right, ta, but what of the strikers, if Rockefeller Snr was a 'progressive' what did that make them.
ViolentPanda
Hardly getting over it.
He may be having difficulty in finding a credible attribution for that cartoon.
rekil
to menny cranks
Onar Åm according to his loonsite. Unless it's some even loonier loon follower.
Killing innocent people for profit is by definition not capitalism, just like the slavery of the southern US was not capitalism even though it was business.
Are you really denying that socialists everywhere in the world, including in France, were making a connection between jews and capitalism!? I find that very odd.
butchersapron
Bring back hanging
A band of warring hostile brothers to Rockefeller i suppose.
Obviously you have a perverted view of laissez-faire ("leave us in peace") if you think that killing innocent people is part of it.
It isn't a proper laissez-faire Free State unless 1) there is a state and 2) the state protects the rights of ALL the inhabitants of the state. You seem very ignorant about what laissez-faire means.
Idris2002
canadian girlfriend
1. How did Leopold make his killing profitable? By coercing labour out of the population of Congo, and using punitive expeditions against communities that did not produce enough rubber, for sale in European markets.
2. You posted a deeply foul anti-semitic cartoon dating from 1920s France, and said that it was the work of French socialists. The major French socialist party at that time, the SFIO, was led by Leon Blum, who was Jewish. This party did not identify capitalism with Jews, Judaism, or anything else of a semitic nature. You're a fucking liar.
rekil
to menny cranks
Yep, I've seen this before, another one for the idiocy bingo.
Blagsta
Minimum cage, maximum cage
Right, so the gold standard didn't abolish inflation. Make yer mind up!
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