Comments on: Camp of the Saints

By: admin

admin — Thu, 22 Aug 2013 10:52:23 +0000

It’s also essentially dishonest, and generates revenue only by degrading the integrity of the money system.

By: vimothy

vimothy — Thu, 22 Aug 2013 09:59:45 +0000

the most sinister and corrosive type of tax.

How so? As taxes go, it seems very mild: a low, flat tax on the holders of base money (principally, one would guess, foreign drug dealers and high street banks), which produces a trivial stream of revenue.

By: admin

admin — Thu, 22 Aug 2013 09:29:38 +0000

“… a tax?”
— the most sinister and corrosive type of tax.

By: vimothy

vimothy — Thu, 22 Aug 2013 09:18:21 +0000

Predation in what sense — that it’s a tax?

By: Alrenous

Alrenous — Wed, 21 Aug 2013 20:51:28 +0000

It’s important to distinguish between inflation as decreased demand for money versus inflation as increased supply of money, as they mean the economy is doing different things.

By: admin

admin — Wed, 21 Aug 2013 16:16:03 +0000

“The only way to lick inflation permanently is to jettison democracy.” — Indeed so.

By: admin

admin — Wed, 21 Aug 2013 16:15:06 +0000

Zero average inflation represents money performing its dynamic cybernetic function — oscillating as required to adjust production — whilst low (but positive) continuous inflation is a symptom of predation by a central monetary authority.

By: vimothy

vimothy — Wed, 21 Aug 2013 15:36:27 +0000

Inflation might have been very low in US pre-Fed history on average, but that doesn't mean that inflation was generally zero. In fact it bounced around all over the place. And what we see with the move into the present CB regime is that average inflation goes to its target rate and the variance of inflation falls to a very low level. I would argue that this constitutes "licking inflation" for at least one reasonable definition: inflation is moderate and predictable.

By: Kgaard

Kgaard — Wed, 21 Aug 2013 14:40:21 +0000

Yes, you are right. When we were on a gold standard inflation was non-existent. But of course … up until 1920 more than half the population (the economically weaker half) couldn’t vote. There’s a pretty direct correlation between universal voter participation and inflation. The Romans had the same problem. The only way to lick inflation permanently is to jettison democracy. That being said, within the context of democratic, post-gold-standard societies, central bankers are getting a lot better at dealing with the mechanisms that keep inflation from going bananas. Look at the success of the Southeast Asian and South American countries in this regard (excluding Argentina, which is run by retards). They’ve basically figured out how to do it. In this sense, I think the gradually rising average effective IQ of Third World peoples is helping. Plus, populations are getting older, and older people are more apt to demand stable money rather than jobs …

By: admin

admin — Wed, 21 Aug 2013 06:41:40 +0000

Before the fiat era, inflation was on average zero, so even at present levels the US is nowhere close to "all-time lows". Inflation is a profound moral sickness that should appall everybody, but that seems -- weirdly -- to be a minority opinion. If asset prices are included, or even a bare minimum of honesty applied to consumer price levels, the official inflation rate can be seen for the propaganda exercise that it is. Furthermore, inflation is far from the only relevant indicator -- how about total (US) public obligations, coming in at a cool $222,000,000,000,000 and thus clearly representing unacknowledged bankruptcy. Sure, it's very possible to go chicken little about this stuff, but that doesn't mean that Leviathan's lies about its only invincibility have to be accepted without suspicion.