Is gold money? "no". even if its been used as money for 6000 years?

[InRareForm]

[scott]

I'll summarize for everyone who didn't watch the video:

Ron Paul: How come we just don't print a bunch of money and give it to consumers?
Ben Bernake: Because that isn't how economics wo...
Ron Paul: Sorry to interrupt you, but I'm almost out of time... let me ask you another question... is Gold money?
Ben Bernanke: Who the is this guy?
Ron Paul: My time is up (man, this will be great on YouTube)

[ElNono]

thanks for the cliff notes

[Agloco]

I'll summarize for everyone who didn't watch the video:

Ron Paul: How come we just don't print a bunch of money and give it to consumers?
Ben Bernake: Because that isn't how economics wo...
Ron Paul: Sorry to interrupt you, but I'm almost out of time... let me ask you another question... is Gold money?
Ben Bernanke: Who the is this guy?
Ron Paul: My time is up (man, this will be great on YouTube)

Yep, pretty much sums it up.

[Blake]

I'll summarize for everyone who didn't watch the video:

Ron Paul: How come we just don't print a bunch of money and give it to consumers?
Ben Bernake: Because that isn't how economics wo...
Ron Paul: Sorry to interrupt you, but I'm almost out of time... let me ask you another question... is Gold money?
Ben Bernanke: Who the is this guy?
Ron Paul: My time is up (man, this will be great on YouTube)

[CosmicCowboy]

I will give anyone that wants to sell the money face value of their gold coins. I especially like the US $20 pieces...

[RandomGuy]

Uh huh. So basically, Ron Pauls argument/logic boils down to:

"We've done X for 6,000 years, it must be right."
X in this case is "used gold as money".

Let's see if this is a logical or reasonable argument. If it is, we should be able to use something else for "used gold as money", and it would still hold true.

"We have forcibly bled people to cure diseases for 6,000 years, it must be right."

"We have delivered babies without washing our hands for 6,000 years, it must be right."

"We have allowed hereditary kings to be the established form of government for 6,000 years, it must be right."

"We have believed evil spirits will enter your mouth when you yawn for 6,000 years, it must be right."

I guess that is what passes for logical arugments among libertarians?

Sorry, I'm not convinced.


(edit)
the actual logical operation is:
"If we do something for 6,000 years, then it must be right", if one can find a case where doing something for 6,000 years is obviously wrong, you can discard the statement as being obviously illogical.

The only way you can think this means anything is if you can prove that everything done for the last 6,000 years is the correct way of doing something, or believing in something, a very tall order, indeed.

[boutons_deux]

correct, the 6000-years logic is bubba logic, infinitely regressive.

[Parker2112]

I'll summarize for everyone who didn't watch the video:

Ron Paul: How come we just don't print a bunch of money and give it to consumers?
Ben Bernake: Because that isn't how economics wo...
Ron Paul: Sorry to interrupt you, but I'm almost out of time... let me ask you another question... is Gold money?
Ben Bernanke: Who the is this guy?
Ron Paul: My time is up (man, this will be great on YouTube)

Lol what a twisted/misinformed/biased take lol

[Parker2112]

Scott is defending bailouts of irresponsible billionaires, pain of the middle class not withstanding. What a .

[Parker2112]

Bernanke's voice was shaking the entire time.

Paul "why do banks hold gold?"
Ben "beats me ron"

[Parker2112]

correct, the 6000-years logic is bubba logic, infinitely regressive.

Progressive govts are failing all over Europe and here. Your point is?

[Parker2112]

Uh huh. So basically, Ron Pauls argument/logic boils down to:

"We've done X for 6,000 years, it must be right."
X in this case is "used gold as money".

Let's see if this is a logical or reasonable argument. If it is, we should be able to use something else for "used gold as money", and it would still hold true.

"We have forcibly bled people to cure diseases for 6,000 years, it must be right."

"We have delivered babies without washing our hands for 6,000 years, it must be right."

"We have allowed hereditary kings to be the established form of government for 6,000 years, it must be right."

"We have believed evil spirits will enter your mouth when you yawn for 6,000 years, it must be right."

I guess that is what passes for logical arugments among libertarians?

Sorry, I'm not convinced.


(edit)
the actual logical operation is:
"If we do something for 6,000 years, then it must be right", if one can find a case where doing something for 6,000 years is obviously wrong, you can discard the statement as being obviously illogical.

The only way you can think this means anything is if you can prove that everything done for the last 6,000 years is the correct way of doing something, or believing in something, a very tall order, indeed.

Give up on the logical chain of inferences, RG. You never can get to the end without twisting reality.

[ChuckD]

Humans wiped their asses with leaves for a million years, and with TP for a few hundred. Are leaves toilet paper?

[Cant_Be_Faded]

I'll summarize for everyone who didn't watch the video:

Ron Paul: How come we just don't print a bunch of money and give it to consumers?
Ben Bernake: Because that isn't how economics wo...
Ron Paul: Sorry to interrupt you, but I'm almost out of time... let me ask you another question... is Gold money?
Ben Bernanke: Who the is this guy?
Ron Paul: My time is up (man, this will be great on YouTube)

scott gmafb, you university economists are seriously to ben bernanke as I am to vince young

[Ignignokt]

No but we can print money and give it to failed corporations instead of consumers, that's real economics - scott
It's so funny how scott missed the irony Ron Paul was trying to imply. What a ing moron.

[Ignignokt]

Uh huh. So basically, Ron Pauls argument/logic boils down to:

"We've done X for 6,000 years, it must be right."
X in this case is "used gold as money".

Let's see if this is a logical or reasonable argument. If it is, we should be able to use something else for "used gold as money", and it would still hold true.

"We have forcibly bled people to cure diseases for 6,000 years, it must be right."

"We have delivered babies without washing our hands for 6,000 years, it must be right."

"We have allowed hereditary kings to be the established form of government for 6,000 years, it must be right."

"We have believed evil spirits will enter your mouth when you yawn for 6,000 years, it must be right."

I guess that is what passes for logical arugments among libertarians?

Sorry, I'm not convinced.


(edit)
the actual logical operation is:
"If we do something for 6,000 years, then it must be right", if one can find a case where doing something for 6,000 years is obviously wrong, you can discard the statement as being obviously illogical.

The only way you can think this means anything is if you can prove that everything done for the last 6,000 years is the correct way of doing something, or believing in something, a very tall order, indeed.

THis post was absent of cogent though and logic. Please tell me how equating gold as sound money equivalent to committing crimes against humanity.

[Winehole23]

No but we can print money and give it to failed corporations instead of consumers, that's real economics - scott
It's so funny how scott missed the irony Ron Paul was trying to imply. What a ing moron.

Scott's nuts misses RP's implied critique of US bailout policy since 2006-7.

Eh, maybe...already we are very far away from the topic of gold as money or whatever. In a decade or so when our standard of living starts to deteriorate measurably, the topic of monetary reform might not seem so harebrained anymore.

[Winehole23]

Ah gad, this crap movie again. You outta strike up a conversation with Parker sometime. Seems you two've got a thing or two in common.

[ChuckD]

see gold is limited by nature..there is only so much of it in existence. unlike paper money which can just be printed at the treasury's desire, creating a never ending debt cycle. all money should be backed by something tangible.

So are diamonds. Are diamonds money?

[ElNono]

I'm not a fan of the FIAT economy either, but it's arguable that the US couldn't have developed at the rate it did since separating the currency from being pegged to the gold.

[cheguevara]

gold is about to plummet in the next couple of years. watch and see

[Ignignokt]

I'm not a fan of the FIAT economy either, but it's arguable that the US couldn't have developed at the rate it did since separating the currency from being pegged to the gold.

that's not true at all. The largest expansion of capital was during the industrial revolution. Britian, the US and many others were under the gold standard at the time.

[RandomGuy]

Bernanke's voice was shaking the entire time.

Paul "why do banks hold gold?"
Ben "beats me ron"

Ben's voice was shaking?

You're cute and predictable. He seemed more bored than anything else.

[RandomGuy]

Give up on the logical chain of inferences, RG. You never can get to the end without twisting reality.

A guy who believes that clouds in the sky are secret chemicals being sprayed on an unsuspecting population by some sinister plot lecturing anybody on "twisting reality" is the height of irony.

Welcome back.