National Debt Reaches 8 Trillion Dollars!!!

That's what I thought...and expected.

 

Your debates usually end with a lot of zeros.

 

So can I assume you think we have not spent enough?



Abner

 

Oh, come on. My debates are usually more than a one liner. My one liners are usually no more than a joke.

 

Abner & Miguel

What I mean is that your arguments have no basis in fact. You make wide sweeping generalized allegations, but when asked to present facts to back-up your positions, you can't.

...and that's no joke.

 

I can assure you that I could back up my position on my post as much as the original statement I was replying to could be backed up.

 

I did not think it was necessary because you know full well how much the war has cost up to now. Do you mean to tell me we have not spent a huge amounts of money in Iraq? I merely stated an opinion.

Just my humble opinion,
Take care,


Abner

 

Fiat currency....

Fiat currency was not invented by the USA and is the standard worldwide. It makes far more sense than basing money on some physical item such as cold. However, that is a very deep economic discussion totally unsuited to a board. Simply put, a gold standard dollar is very susceptible manipulation and the fluctuating supply of gold....

 

Of COUSE a gold standard is susceptable to manipulation and market forces but fiat money is the absolute TOOL of irresponsible government!

(Fume! Fuss! Gnashing teeth!)

EVERY reputable economist in the whole world agrees with you.

But my objections aren't economic, I don't think. They stem more from public policy. More specifically, they stem from a profound distrust of and cynicism regarding, government.

 

Irresponsible governments...

Irresponsible government actions on fiat currency are bad for their currency so it is not in their best interest to practice them. Ask the Weimar government.....

 

Sure!

But what has happened to the value of OUR money since WWII? Sometimes governments don't take a long view! SOMETIMES governments are made up of stupid, greedy people!

Look, this is a losing argument for me. I know that. Everyone in the WORLD who knows anything about the subject knows I'm nuts.

But still...

 

But you're ok....

You still don't know you're nuts. Admission is the path to true madness......