tag:blogger.com,1999:blog-414946164942126209.post8125578424198655032..comments2024-03-28T06:33:02.061-04:00Comments on Encyclopedia of American Loons: #723: G. Edward GriffinG.D.http://www.blogger.com/profile/08875360501107597863noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-414946164942126209.post-23480787113993816082016-06-03T20:21:57.067-04:002016-06-03T20:21:57.067-04:00Dan, you obviously have no economic education. Con...Dan, you obviously have no economic education. Contrary to what you say, it is you who don't know what you are talking about. I graduated with a degree in econ specializing in money and banking.<br /><br />>The Fed is a central bank, it is not needed and not helpful.<br /><br />Less frequent and less severe recessions, as well as less volatility is extremely helpful, and I would say needed.<br /><br />>Thomas Jefferson, James Madison, Andrew Jackson, Martin van Buren etc. <br /><br />Yes, well modern economics has only really existed for 60 years or so, and a good understanding of monetary economics has only existed for like 40. Why don't we go ask the Romans about astrophysics while we are at it?<br /><br />>The foundation of Austrian economics is based on removing the central bank from the economy.<br /><br />No, it's not, it's based on fundamental axioms. You don't even know what Austrian economics is. Not that it matters, since almost no economists are austrian today, for good reason. It's as heterodox as marxist economics. No one gives a shit about them and it's mostly a bunch of loons, at least in modern times.<br /><br />>This people are all quacks, right?<br /><br />Yes they are, with the exception of Hayek who was just in a period of time where austrians were still relevant.<br /><br />>I do not condone Griffin's views on cancer, the Ark etc - I find them ridiculous.<br /><br />His economics is equally ridiculous. I guess the crazies can't recognize themselves for what they are.<br /><br />>Read a book on economics and understand how central banks work.<br /><br />THE IRONY<br /><br />Your level of arrogance is as high as your level of knowledge on this subject is low<br /><br />>And gold is value, unlike paper.<br /><br />The value of gold, besides it's small amount of practical useless, is only worth what people judge it to be worth subjectively. The same is true of currencyKevin Donohuehttps://www.blogger.com/profile/18381591334772317106noreply@blogger.comtag:blogger.com,1999:blog-414946164942126209.post-26350001153609887362015-07-05T15:45:59.347-04:002015-07-05T15:45:59.347-04:00You obviously don't know what you are talking ...You obviously don't know what you are talking about. If there is anyone spreading dangerous ideas here that is you. The Fed is a central bank, it is not needed and not helpful. It is very dangerous. There are many more such banks in the world.<br /><br />These kinds of banks were oppossed by US presidents like Thomas Jefferson, James Madison, Andrew Jackson, Martin van Buren etc. <br /><br />The foundation of Austrian economics is based on removing the central bank from the economy. Examples of economists: Ludwig von Mises, Murray Rothbard, the Nobel prize winning economist Friedrich Hayek etc. Moreover, we also have philosophers like Ayn Rand who understood the issue. This people are all quacks, right?<br /><br />But using ad hominems to attack somebody else, as this whole blog post written by G.D post does, is perfectly legit. I do not condone Griffin's views on cancer, the Ark etc - I find them ridiculous. But this does not, in any way, affect his arguments on the issue of money.<br /><br />Read a book on economics and understand how central banks work. Monetary sovereignty? Reserve currency - do you even know what this means?? Reserve of what...paper? There is nothing backing them up, that's why the US went off the gold standard in 1971. You cannot create value by fighting useless wars. And gold is value, unlike paper.Anonymoushttps://www.blogger.com/profile/00260780379507956508noreply@blogger.com