15 Jan 2023 6:32 am
LowIQTrash » 09 Jan 2023, 6:58 pm » wrote: ↑ Anthology Volume #1 of Dunning-Kruger Syndrome (DKS)
Location: Some random forum elsewhere
*Recollection of conversation, exact words not used here*
==========================================================
Libertardian: [Does his usual, predictable routine of showing a graph of how the US dollar has been devalued since 1913]
Me: Yeah...
Libertardian: So we need to go back to the GS
Me: That's a terrible idea, lol
Libertardian: Why? With a GS the central bank can't just "print money" at will
Me: No, that is false. In many cases throughout history, kings/emperors would order the "money" (in the form of gold/silver/cheap metal) to be devalued...the coins would be clipped/melted down and the debased coinage recirculated at "par value"
Libertardian: That's why we need a pure gold standard. No other metals.
Me: First of all...pretty much no society has stuck with a "pure gold standard" for long...and for good reasons too...reasons which I don't think you can figure out since you are too busy on **** websites like Mises.org
Second of all, you didn't pay attention. The coins can simply be "clipped" (volume reduction) - either way the result is the same. Making gold the only "legal tender" doesn't change anything at all.
Third of all, no society that has survived to the present day has, at one point or another, NOT engaged in "money printing." How do you think your revered "Founding Fathers" won the War? By begging the Bank of England to finance their troops?
Look up "The Continental"
Libertardian: You mean societies like Zimbabwe? Or Weimar Germany? They must have done so well /s [sarcasm tag]
Me: Zimbabwe is just...unsalvageable because the population is too stupid to be productive/capable of economic development. Whether their leadership ruins the currency or not is irrelevant LMAO
As for Weimar Germany, the circumstances that led to hyperinflation are complicated and isn't "lol they were printing money."
If you had a greater-than-surface level understanding, you would know a certain "group of people" were responsible for destroying the currency...which enabled "those same people" to buy up any remaining German assets (that weren't confiscated after the War) for pennies on the dollar (as said "group of people" would never be stupid enough to keep their assets denominated in papiermark) but according to lolibertardians, the racial/ethnic background of the "owners" is irrelevant...lol
Libertardian: I see where you're going...typical racist blather mixed in with crazy conspiracy theories
Me: I don't have a problem with racism....well, maybe I would when it's used AGAINST me. But since you are a "colorblind" lolibertarian it doesn't matter...the scope of that topic is beyond your meager understanding XD...and yes "conspiracies" exist, you're just too blind/too much of an ideologue to notice
(To be continued below due to character limit)
Since gold and silver is the actual constitutional money the libertarian should have the ability to use gold and silver but then your persons/person can use other things like dog coin bleps on a computer screen that are dependent on huge amounts of electricity.