Topic: When money dies - page 2. (Read 4893 times)
The only talked about alternative to "no money" is RBU. Going back to gold standard is even more delusional than that.
many factors that can make a fiat currency can die, but not all factors may occur simultaneously and not necessarily those factors could apply in a country, a factor which makes the currency of the country may die, distrust of the currency markets that exist and exchange rates the very little impact on currency trading that are excellent as the dollar ... 
Kind of misleading.
Fiat might die, but money will not. Society always find a way to exchange good using a medium of exchange (aka money).
Fiat might die, but money will not. Society always find a way to exchange good using a medium of exchange (aka money).
Let's be more precise: one currency can die. This is what happened in Germany 90 years ago.
All currencies are not equal.
After reading that book, be sure to read "Fiat Money Inflation in France" by Andrew Dickson White:
Read online:
https://archive.org/stream/fiatmoneyinflati00andrguat#page/2/mode/2up
or download here:
http://www.gutenberg.org/ebooks/6949?msg=welcome_stranger
Read online:
https://archive.org/stream/fiatmoneyinflati00andrguat#page/2/mode/2up
or download here:
http://www.gutenberg.org/ebooks/6949?msg=welcome_stranger
http://www.bbc.co.uk/schools/gcsebitesize/history/mwh/germany/crisis1923rev_print.shtml
People collected their wages in suitcases. One person, who left their suitcase unattended, found that a thief had stolen the suitcase but not the money.
People collected their wages in suitcases. One person, who left their suitcase unattended, found that a thief had stolen the suitcase but not the money.
Kind of misleading.
Fiat might die, but money will not. Society always find a way to exchange good using a medium of exchange (aka money).
Fiat might die, but money will not. Society always find a way to exchange good using a medium of exchange (aka money).
Quote
In 1914 there was a minor increase in the wholesale price index. That index, with a base of one in 1913, had increased to 2.45 by the end of 1918. Beginning in 1919, the speed of the inflation increased, advancing to 12. 6 in January 1920; 14.4 in January 1921 and 36. 7 in January 1922. By the second half of 1922, that index stood at 101 in July; it was 74,787 in July 1923 and 750 billion on 15 November 1923.
A good read:
http://mises.org/daily/6945/When-Money-Dies-Germany-and-Paper-Money-After-1910
Were those the days were you had to carry money in the barrels just to buy a loaf of bread? The hyperinflation in the 20s Germany? It might happen anytime soon these days. Paper is just that - paper.
your right, we should take the monetarist/Keynesian scam that destroyed world markets twice (soon to be three) in the last 14 years seriously.
why do we even play games with money printing and interest rates, working so hard to prop prices up.
lets just skip right to a north korean command economy model and dictate what the price of everything should be and be done with it.
Well, it makes sense to take the dominant model seriously, since it is at work every day. I don't think you can lay all these evils at the feet of an economic model, however, that's simply lazy thinking. why do we even play games with money printing and interest rates, working so hard to prop prices up.
lets just skip right to a north korean command economy model and dictate what the price of everything should be and be done with it.
No no no no. First, Mises is not a good reference. There is a reason the vast majority of econ professionals look at the Austrian school like an embarrassing little brother.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Austrian school that is annoying because it is right all the time and the big brother with the power hates being reminded about it all the time.
And thank you for making your view on Bitcoin clear instead of just trolling. My ignore list welcomes you. If I wanted to discuss the dollar I would go to bankrate.com.
your right, we should take the monetarist/Keynesian scam that destroyed world markets twice (soon to be three) in the last 14 years seriously.
why do we even play games with money printing and interest rates, working so hard to prop prices up.
lets just skip right to a north korean command economy model and dictate what the price of everything should be and be done with it.
No no no no. First, Mises is not a good reference. There is a reason the vast majority of econ professionals look at the Austrian school like an embarrassing little brother.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Austrian school that is annoying because it is right all the time and the big brother with the power hates being reminded about it all the time.
And thank you for making your view on Bitcoin clear instead of just trolling. My ignore list welcomes you. If I wanted to discuss the dollar I would go to bankrate.com.
No no no no. First, Mises is not a good reference. There is a reason the vast majority of econ professionals look at the Austrian school like an embarrassing little brother.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Austrian school that is annoying because it is right all the time and the big brother with the power hates being reminded about it all the time.
And thank you for making your view on Bitcoin clear instead of just trolling. My ignore list welcomes you. If I wanted to discuss the dollar I would go to bankrate.com.
No no no no. First, Mises is not a good reference. There is a reason the vast majority of econ professionals look at the Austrian school like an embarrassing little brother.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Austrian school that is annoying because it is right all the time and the big brother with the power hates being reminded about it all the time.
And thank you for making your view on Bitcoin clear instead of just trolling. My ignore list welcomes you. If I wanted to discuss the dollar I would go to bankrate.com.
No no no no. First, Mises is not a good reference. There is a reason the vast majority of econ professionals look at the Austrian school like an embarrassing little brother.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Second, Bitcoin holds no inherent value, none. There is no transactional benefit in using Bitcoin versus a currency. An internet fad =/= superior system.
Simple, when money dies, Bitcoin prevails. It's as simple as that. Bitcoin was invented for that very moment.
Still don't get why people are losing sleep over the price crash. We should all be used to this by now.
Good article however my lack of history economics knowledge made some things harder to understand
Thanks. This might be the cure for the insomnia caused by the price crash. 
Thanks for sharing I'll add that to my reading list and will weigh in on anything which I think needs to be discussed later.
And that is why we have bitcoin coming into the picture now
I thought this was going to be about Beanz LOL
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