Quote from: DrSammyD on June 08, 2011, 03:15:53 AM

Quote from: AbelsFire on June 08, 2011, 02:51:53 AM

Quote from: kjj on June 07, 2011, 11:26:39 PM

If you have inflation, you do not have a gold standard. If you have the gold standard, you do not have inflation. These are definitions, not arguments.

This is demonstrably false. Just look at a graph of dollar value from 1790-1913 and try to reconcile what you just said with the extreme spikes between inflation and deflation that occurred on extremely short intervals.

Do you know what fractional reserve banking is? If you do, what the hell does the time span between 1790-1913 have to do with the lack of fractional reserve banking?

Classic dodge. It's Zeno's paradox tactics and that goddamm 29 27 25 30 dollar hotel puzzle that I can never get right.

The accusation was that gold caused the depression. The facts bear out that before fractional reserve banking there were not the convulsions witnessed during fractional reserve banking.

Deflecting the frame of reference is an old hack and it fails here every time. Try again.