Stocks and share's are just another form of fiat money. Until everyone switches to gold (which is stable due to intrinsic value) this will go on and on. I predict it will get worse before it gets better.
Let the market decide. It will probably decide that the franchise has jumped the shark. I wouldn;'t spend paper money, let alone true money i.e. gold on it.
Why doesn't the world insist on two engines, screws, and rudders for tankers?
Given that governmeental interference is the root of all evil and ships sail in international waters, that would involve multigovernmental intereference, which is even more than the roor of all evil. If ships run aground, they'll lose their valuable cargo's, which will cost their owners money. Just leave things alone, and the free market will make it unprofitable for ships to have accidents.
Thanks for pointing that out, do you have any business ventures you'd like funding?
But market forces can't solve the problem when the govenrnment rigs the market and props up its own monopoly. The monopoly on forgery, that permits it - and it alone - to steal your wealth by extorting a commission from you in return for IOUs. They call it inflation. Or taxation. They're the same thing, looked at from an advanced economic level.
Can't stay and chat, I'm due at Harvard to give a talk to the MBA class.
Government interference is the cause of traffic jams. In a libertarian society, there would be no traffic jams. People would be free to ram or push vehicles out of the way. Each individual's right to own a tank would not be constrained.
It's sad that someone may be able to buy his way out of a murder conviction
Not at all, it's just the normal functioning of a free market. The victim (in a murder case it would be his relatives) have as much right to try to influence the trial towards an opposite decision. If you're richer than them, you win. Survival of the fittest. It's what makes the free market more efficient than socialist meddling that prevents you culling the unproductive.
The problem with fiat modpoints is that the government can print as many of them as they like. The only sustainable way to reward good posts is with gold. I don't know what to do about bad ones - polonium is probably the answer.
I'm a venture capitalist, you know... Microsoft, Ford - I helped start those.
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Yeah, even I'm not depreciation proof.
But if the Feds didn't print worthless fiat currency, people would go back to using currency with intrinsic value, like gold. And a good thing too.
Because all the people with low ones get modded up automatically?
Many reasons why the only true currency is gold.
Stocks and share's are just another form of fiat money. Until everyone switches to gold (which is stable due to intrinsic value) this will go on and on. I predict it will get worse before it gets better.
Natural gold has intrinsic value. Artificial gold is by definition a fiat currency, and henceforth is worth no more than the paper it's printed on.
Let the market decide. It will probably decide that the franchise has jumped the shark. I wouldn;'t spend paper money, let alone true money i.e. gold on it.
Thanks for pointing that out, do you have any business ventures you'd like funding?
But market forces can't solve the problem when the govenrnment rigs the market and props up its own monopoly. The monopoly on forgery, that permits it - and it alone - to steal your wealth by extorting a commission from you in return for IOUs. They call it inflation. Or taxation. They're the same thing, looked at from an advanced economic level.
Can't stay and chat, I'm due at Harvard to give a talk to the MBA class.
Government interference is the cause of traffic jams. In a libertarian society, there would be no traffic jams. People would be free to ram or push vehicles out of the way. Each individual's right to own a tank would not be constrained.
The problem with fiat modpoints is that the government can print as many of them as they like. The only sustainable way to reward good posts is with gold. I don't know what to do about bad ones - polonium is probably the answer.
I'm a venture capitalist, you know... Microsoft, Ford - I helped start those.