Quote from: Robert Paulson on April 14, 2015, 10:42:30 PM

Quote from: Mervyn_Pumpkinhead on April 07, 2015, 05:52:32 PM

Quote from: Robert Paulson on April 07, 2015, 04:10:42 PM

what are you talking about?
what does the fact that oil is sold in dollars has to do with the fact that the federal reserve prints money and distorts prices just so everything would be 2% more expensive?

money DOES NOT need to be stable, it NEEDS to reflect reality which means letting prices go both up and down according to supply and demand.
you want Janet Yellen to create a fantasy world for you where everything is stable but THATS NOT reality!

anyone who makes business plans based on this stability fantasy will eventually find out the whole economy was built on a house of cards.

You're just dumb as an ox, aren't you?

The fed doesn't distort or regulate the prices of consumer products, the free market creates prices in our everyday life.

The fed regulates that the availability of dollars would be in par with the availability of oil. Because oil is so important in the economy, it can set the overall tune of monetary value.
For the economy to be effective, different parts of it have to be in tune with one another. There has to be similar understanding of value, to give it numerical form and to put it into equations. The central bank is like a conductor in a choir to keep different instruments in harmony.

In spite my several efforts to explain to you that monetary value stability is necessary for even the simplest of financial deals, you are still unable to understand it. You just can't comprehend on why would people want to know what their salaries are worth the next month. Or how much weight does your investment have in the next month. You are just too dumb and fanatical to absorb this information. All you have, are your bags of bitcoin and your distorted view of virtues, that has been heavily influenced by personal ignorance and greed. If you would have ran your own business just once in your life, then you would already understand the importance of a stable currency. You would understand how it would be hell to do business in an environment, that has a currency with highly unstable value. I bet that you even only heard about the existence of FED after you saw couple of conspiracy videos from youtube.
Anyway, you are a great example on why I despise the majority of bitcoiners. They are like the Bolsheviks were, eager for revolution but just too dumb to understand the causes and solutions for the current problems, so instead of helping the society, they created a whole set of new problems, that are even worse then before.

alright then, enjoy watching the economy collapse (for the 3rd time in 15-16 years).
how much more misery will you have to take until you realize your theory of stability engineering (also known as ignoring reality and real supply and demand) is causing you to starve?

There's not much reasoning a person who believes we are currently living in a world where free market operates.