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theuglypanda

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Gender: male
Date Signed Up:8/25/2012
Last Login:7/30/2016
Location:Steve
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First2[ 9 ]

latest user's comments

#3 - except more people have voted for trump than any other recent …  [+] (1 new reply) 07/28/2016 on Dammit Ray +6
User avatar
#7 - Ruspanic (07/28/2016) [-]
yet going by his favorability ratings, he's one of the least popular Presidential candidates in decades, if not in all of American history. (but so is Clinton, though to a lesser degree)

fivethirtyeight.com/features/americans-distaste-for-both-trump-and-clinton-is-record-breaking/
www.realclearpolitics.com/epolls/other/trump_favorableunfavorable-5493.html
#115 - This system would be a problem, deflation is terrible for an e… 07/26/2016 on everything is allright 0
#105 - That's fair 07/25/2016 on everything is allright 0
#104 - That isn't really a fix, it's deflation. Deflation is a proble… 07/25/2016 on everything is allright 0
#79 - No I mean physically, there wouldn't be enough currency to go …  [+] (2 new replies) 07/25/2016 on everything is allright -1
#109 - anon (07/25/2016) [-]
it is called deflation, the money gains purchasing power, meaning one cent can buy more as the currency/money deflates. there not being enough for everyone, would not be a problem, as you could replace notes with smaller notes. Under this system individuals would get rewarded by saving, that is consume less, making more resources available to create wealth, which makes us richer in the future
User avatar
#115 - theuglypanda (07/26/2016) [-]
This system would be a problem, deflation is terrible for an economy. Everyone saves and no money is spent
#78 - No I mean physically, there wouldn't be enough currency to go …  [+] (2 new replies) 07/25/2016 on everything is allright -1
#80 - noobiereaper (07/25/2016) [-]
Ah, well that is easily fixed with (what some other guys also posted) making the bills/notes smaller (worth less actual currency), so the total amount of money stays the same.
User avatar
#104 - theuglypanda (07/25/2016) [-]
That isn't really a fix, it's deflation. Deflation is a problem because then if people know that the bills are going to be divided, then people would save their money instead of spending it. Why buy that TV now if next year it's going to be cheaper?
#4 - The worst part is that the movement's name "Black Lives M… 07/25/2016 on BLM Is A Religion Of Peace +23
#5 - Sounds like someone got banned for posting gore outside morbid channel  [+] (6 new replies) 07/25/2016 on Facebook declares Wikileaks... +21
User avatar
#7 - yugiohkris (07/25/2016) [-]
gore outside of NSFW, you can't have gore in morbid.
#19 - skelebones (07/25/2016) [-]
I WAS BANNED FOR POSTING GORE IN NSFW YOU FUCKING KYKE

GET GASSED YOU TRASH PIECE OF NIGGER SHIT
User avatar
#23 - SoraDono (07/25/2016) [-]
hahah look at the dude caring about imaginary good boy points and shit hahha you fucking loser
#25 - skelebones (07/25/2016) [-]
Hardly. I just want these fucking degenerate morons to learn how to do their goddamn jobs.
User avatar
#28 - SoraDono (07/25/2016) [-]
you caps locked and sperged on a mod


you're salty as fuck mate
#29 - skelebones (07/25/2016) [-]
not even. righteous anger is not salt
#3 - Honestly as an Economics student who has studied central banks…  [+] (21 new replies) 07/25/2016 on everything is allright +55
#77 - xgolgothax (07/25/2016) [-]
Mercantilism- banks should be able to back up their loans with goods like gold or silver.
#93 - anon (07/25/2016) [-]
there isn't enough gold or silver in this world to do that or the prices for gold and silver would explode
#103 - xgolgothax (07/25/2016) [-]
Well that's kind of the point isn't it? To tie the value of the dollar to something finite?
#61 - doublepzk (07/25/2016) [-]
Isn't fractional banking not inherently bad? In fact to my understanding it is rather beneficial. However in times of struggle, such as a recession, it can make the recession worse. Sort of a double-edged sword, or a higher risk for even higher rewards thing.

Correct me if I am wrong, I have only taken one macro economics class
#60 - noobiereaper (07/25/2016) [-]
But if there isnt enough money for everyone, as you say, the price for a dollar rises, its called deflation. You dont need to print more money "so that the currency doesnt devalue completely".

I do agree that there is a need for an institution to regulate the deflation and mostly inflation rates though.
User avatar
#78 - theuglypanda (07/25/2016) [-]
No I mean physically, there wouldn't be enough currency to go around. Imagine if we traded in lego blocks and we had 20 lego blocks for a population of 10. Everyone can get at least one block. But if the population is 100, not everyone can get a block simply because theres too many people.
#80 - noobiereaper (07/25/2016) [-]
Ah, well that is easily fixed with (what some other guys also posted) making the bills/notes smaller (worth less actual currency), so the total amount of money stays the same.
User avatar
#104 - theuglypanda (07/25/2016) [-]
That isn't really a fix, it's deflation. Deflation is a problem because then if people know that the bills are going to be divided, then people would save their money instead of spending it. Why buy that TV now if next year it's going to be cheaper?
#59 - cabbagemayhem (07/25/2016) [-]
In that case you would just create new notes worth smaller fractions. Or better yet, look up Bitcoin. It's divisible to 8 decimal places, and inflates at approximately the rate of gold. It's decentralized, and doesn't require banks to be useful.
#48 - peterdivine (07/25/2016) [-]
I'd imagine the value of the currency wouldn't be inflating so damn much if we had a fixed amount of it. You'd be able to buy groceries for cents instead of dollars, because they'd still be that valuable.
User avatar
#79 - theuglypanda (07/25/2016) [-]
No I mean physically, there wouldn't be enough currency to go around. Imagine if we traded in lego blocks and we had 20 lego blocks for a population of 10. Everyone can get at least one block. But if the population is 100, not everyone can get a block simply because theres too many people.
#109 - anon (07/25/2016) [-]
it is called deflation, the money gains purchasing power, meaning one cent can buy more as the currency/money deflates. there not being enough for everyone, would not be a problem, as you could replace notes with smaller notes. Under this system individuals would get rewarded by saving, that is consume less, making more resources available to create wealth, which makes us richer in the future
User avatar
#115 - theuglypanda (07/26/2016) [-]
This system would be a problem, deflation is terrible for an economy. Everyone saves and no money is spent
#47 - aliksander (07/25/2016) [-]
"Imagine if the American population had to split between them the same quantity of physical money that we had in 1800. Especially since some money is broken or lost. Some people simply wouldn't have money because we wouldn't have enough to give everyone something."

This is pure fallacy. First of all, money that is destroyed/damaged can be replaced. Take a ripped dollar bill to any bank and have it replaced, then the bank reports the broken dollar to the mint for replacement. Even if that doesn't happen it wont matter that much as eventually normal market forces will compensate by an increase in value of the money still in circulation by the proportion of the money destroyed.

The physical quantity of money is actually irrelevant as long as the money remains divisible. So lets say that there is $1 billion in circulation. You may think that this is too little money to 'go around' since that means there is an average of only $33 per person in the US. But this scarcity of money would simply mean that the value of all US currency would increase concomitantly to what is wanted (so dimes and pennies will increase in value as well and eventually new smaller denominations can be introduced if needed). So that means that as more people are born and the money supply is smaller in comparison, products and services will become CHEAPER (compared to the currency) over time. This is GOOD for long term growth as there is real incentive to SAVE money for future investments, especially ones that will reap large gains compared to the input investment. It also discourages risky investments that are less likely to pay off as you KNOW that the money you hold will only gain in value over time. The current system (with constant steady inflation) ENCOURAGES immediate investment, even ones where the pay off is not as assured or lower over time because the longer you hold that money without using it the more it DEVALUES over time and the less purchasing power it will have for you. If people were assured that the money they save will maintain or increase in value over time they are more likely to save and only invest in worthwhile enterprises/purchases. The current system makes it easier and more financially sound to be IN DEBT (as the interest of the debt is mitigated by the future devaluation of the currency) and also makes it harder for people of the lowest economic status to do anything worthwhile with their money (they don't have the capital for worthwhile investments yet but holding their money only allows them to watch it devalue over time).

I suggest reading 'Human Action' by Ludwig Von Mises. Great read for people who want to understand the real fundamentals of economics.
#37 - anon (07/25/2016) [-]
There'd be plenty of money without a central bank. The amount of printing would be regulated to the demand required, and if a bank overly-inflated the value of the currency it provides people can simply switch to another one giving the bank extra incentive not to overly-inflate.

The problem is a central bank monopolizes the currency and thus has no reason to listen to market demand. Look at the market price index and its obvious their money-printing practices are exclusively done for the wealthy and politically-well connected
#32 - kanyesfishsticks (07/25/2016) [-]
Yup, and a small amount of inflation is actually a good thing. Let's say we had deflation instead. People would just hold on to their money since it's going to be worth more in the future and the economy would stop.
#24 - elaxx (07/25/2016) [-]
Exactly. I'm not an Economics student but had to deal with some of it while studying Political Science. From what I understand the state's ability to print money gives it the tools needed to regulate state's economy in a way that makes it more flexible to market changes and possible instability. Not necessarily preventing the crises but creating a "pillow", making it "not as bad as it could be".
#16 - anon (07/25/2016) [-]
Problem is this: Rental Currency Profit goes to foreigners or internationalists. IT IS NOT INJECTED BACK INTO THE ECONOMY. It is a privateering scam.

Rental currency 'may' work IF the profits are injected directly into the economy, for example, infrastructural development, resource management, roads, factories, etc. <- This does not happen anywhere in the world.
User avatar
#5 - bikkie (07/25/2016) [-]
I think he's objecting to the principal that they print it to achieve their own aims. A person doing it would be to make themselves rich, whilst a government or central bank might do it to 'ease' the economy for a short while to delay everything going to shit through the policies that they put in place.

He didn't object to printing more money, he objected to quantitative easing as a legitimate practice that seems to be used far too frivolously of late.
User avatar
#105 - theuglypanda (07/25/2016) [-]
That's fair
#4 - anon (07/25/2016) [-]
Yeah but this system in it's current form is set not for failure but for a disaster. It would only work if it was also publically controlled and honest, cards on the table and all. But it isn't. And it drains the value that isn't there. When it goes to shit (and can easily go in case of any major scare or social instability when people and compenies will go "pay up motherfuckers" in bulk) it doesn't just causse depression or sth like that. It completely destroys a concept of the modern western world as a system. Add a ton of asholes that abuse it for their personal gain and covering their personal gambles and you have a recipe for an anal rapture of the whole western world.
#10 - ****** a girl without one once, couldn't comfortably get my di… 07/24/2016 on Doing Things -5
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