Post
Topic
Board Bitcoin Discussion
Re: When the majority decides to change the rules
by
hugolp
on 25/03/2011, 08:10:55 UTC
If I don't know what I'm talking about then every monetary reformist and every government and most economists on the planet are wrong and you are right.

No, most of the economists dont think like this. Still using the argument of "most people think like this" thus you are wrong is extremely weak, borderline manipulative.

There is nothing wrong with prices going down, no matter how many times you repeat the same idea. Repeat it again, still wrong.

Quote
Why do you think we came off a gold standard. I'll tell because France asked to be paid in gold and America didn't have enough gold.

Bretton Woods was designed in a way that this was unavoidable. The USA kept printing more dollars than gold had and finally it could not pay. In fact the story of how the USA government gradually took over the monetary system its very interesting. It shows why fiat currencies, even if they claim to be backed by gold dont work. Competing currencies dont suffer from this problems.