"I would like to get back to a gold standard." - Herman Cain ~ Non Mirage Truth Vision by JasonCarswell in economics
[–]Moxie 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 4 days ago* (0 children)
That won't work because the amount of goods circulating grows a lot faster than gold comes out of the ground.
Say you have 100 units of assets in the world and 100 units of gold. This means each gold-dollar is worth 1 unit of assets.
Now the economy grows, and some mining happens. You have 200 units of real assets, and 160 units of gold. This means each gold-dollar is worth 1.25 units of assets.
Money is a unit of measurement, and you had to stretch that unit.
Bringing back a gold standard is a sure-fire way to create deflation, and all the problems that come with deflation.
If you know your money is gonna rise in value, would that encourage you to spend it? No; your best move is to be thrifty. Spending goes down and businesses go bust, because of the dysfunctional unit of measurement.
That's not even looking at the sudden catastrophic destabilisation of gold prices that will happen the day the first asteroid is mined.
U.S. trade deficit rises to highest level since 2008, fanning criticism of Trump by dcjogger in politics
[–]Moxie 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 9 days ago (0 children)
There's no reason why a rich, technologically-advanced region of the world like the U.S. shouldn't run a trade deficit.
Anyone in here believes the earth is flat? by Snow in conspiracy
[–]Moxie 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 2 fun3 insightful - 3 fun - 11 days ago (0 children)
Increasing political polarisation in America shown in one beautiful gif. This can't be allowed to continue.
11 days ago by Moxie to /s/politics from (gfycat.com)
Abby Martin art. https://abbymartin.org/ by JasonCarswell in Art
[–]Moxie 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 11 days ago (0 children)
Abby Martin is one high-quality woman. Not only one of the best journalists out there, and a 10, she's also a psychedelic artist, which is the best kind of artist.
Jullian Assange Actually Arrested by 313337 in conspiracy
[–]Moxie 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 14 days ago (0 children)
You say that like she's a one-man type of woman.
Assange was petting her cat in the embassy.
"You become what you constantly think about..." by magnora7 in quotes
[–]Moxie 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 14 days ago* (0 children)
The mind's tricky, there's a lot of games it can play
Tell me what's wrong, I'll make it okay
Life's a mindfuck, you can sing to the Lord
But you're just a result of everything you were taught
Very fancy when I do my thing to the drum
Ninja says, "Everything you think you become"
[–]Moxie 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 14 days ago (0 children)
asking the important questions
Isn't Pamela Anderson an animal-rights type?
It's confirmed. Assange has been arrested by the British police
14 days ago by Moxie to /s/politics from (bbc.com)