 | | Re: A hypothetical economics question... —Frank Filz
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| | | (...) I think it would cause economic collapse. One question you would have to ask is what really do you mean by debt? If I buy stock in a company which is trying to raise capital, is that a debt or not? One serious problem is that you would (...) (23 years ago, 27-Feb-02, to lugnet.off-topic.debate)
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| | | | | Re: A hypothetical economics question... —Richard Marchetti
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| | | | (...) Gee, Frank -- don't you think its weird that I, a pagan, have generally come out in support of a custom enumerated in the bible; whereas you, a Xtian, have come out against it? Curiouser, and curiouser... (...) Didn't you mean: Wealth in and (...) (23 years ago, 27-Feb-02, to lugnet.off-topic.debate)
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| | | | | | Re: A hypothetical economics question... —Pedro Silva
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| | | | | (...) I believe he's referring to railroads and such. Roads are funded a bit differently, but may use loans. Phone lines, gas pipes, electric plants and transport lines... they are all usually funded with loans - it is unfrequent one or ones have (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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| | | | | | | Re: A hypothetical economics question... —Richard Marchetti
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| | | | | | (...) Eh? These are usually public projects, how is it that there is not enough money collected from taxes to accomplish these things? Don't even get me started on how Californians have already paid for their power plants. Anyway, it's the interest (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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| | | | | | | | Re: A hypothetical economics question... —Pedro Silva
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| | | | | | (...) These *were* usually public projects. The present trend is to make everything dependant on private initiative, with State subsidies according to the strategic interest. At least it is happening in my country: the state wants to establish a (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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| | | | | | Re: A hypothetical economics question... —Frank Filz
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| | | | (...) Please show me where I have EVER stated that I pay much heed at all to the Bible. I really would hardly consider myself a Christian either, true, I do consider Jesus to be a "great man" (possibly even supernaturally great, but definitely NOT (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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| | | | | | Re: A hypothetical economics question... —Dave Schuler
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| | | | | (...) You are, of course, advocating communism: "Anyone who possesses even a single item beyond basic living requirements is equally culpable as one who possesses countless frivolous luxury items." And in fact I think there is a manifest difference (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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| | | | | | | Re: A hypothetical economics question... —Richard Marchetti
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| | | | | | (...) Dave! Way to keep your eye on the moving targets! This was not a small topic you raised with your seemingly simple query. Of course, all of the things you describe are brought to us by the friendly passages contained in Title 12 of the Federal (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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| | | | | | Re: A hypothetical economics question... —Richard Marchetti
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| | | | (...) I thought you were always off to church and such...my mistake. (...) Why not? I am trying to suggest we give those under the thumb of the world be given a clean slate. Anything they do from this moment forward can bring them whatever wealth (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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| | | | | | Re: A hypothetical economics question... —Pedro Silva
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| | | | | (...) <Snipped> (...) You are assuming housing costs would not fluctuate in the 6 years in study, right? I mean, by the time they reach 100k the house cost a tad more... and in the meanwhile, they may have been experiencing other possible (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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| | | | | | | Re: A hypothetical economics question... —Richard Marchetti
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| | | | | | (...) I hate to be overly harsh -- but you have no idea what you are talking about. The corresponding amount of paper money to precious metals is by definition in U.S. federal law supposed to be .999 fine 1 oz. silver for a dollar (it is essentially (...) (23 years ago, 1-Mar-02, to lugnet.off-topic.debate)
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| | | | | | | | Re: A hypothetical economics question... —Pedro Silva
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| | | | | | | (...) No harm done! I wrote "I think" and "I hope" for a reason! :-) (...) Ah, ok. My mistake then. In my place money is understood to have correspondance with central bank reserves (USD + Gold). Now it may have changed, with the new "Strong (...) (23 years ago, 1-Mar-02, to lugnet.off-topic.debate)
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| | | | | | | | | Re: A hypothetical economics question... —Richard Marchetti
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| | | | | | | | I think you have been making some oblique references to the Euro. As far as I am able to discover, there was some talk about two years ago in regards to linking the Euro with gold in some ratio -- but I am unable to find anything recent that asserts (...) (23 years ago, 4-Mar-02, to lugnet.off-topic.debate)
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| | | | | | | | Re: A hypothetical economics question... —Christopher L. Weeks
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| | | | | | (...) Completely aside from the issue of how it's supposed to be, I've been wondering -- why the 20:1 ratio? It seems like a bad idea to have a ratio instead of just gold certificates and silver certificates and maybe a daily exchange rate. Do you (...) (23 years ago, 4-Mar-02, to lugnet.off-topic.debate)
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| | | | | | | | Re: A hypothetical economics question... —Richard Marchetti
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| | | | | | (...) You raise an interesting point -- I gather you think the true value is best determined through daily market forces. I am pretty sure the point of a ratio rather than certificates traded for daily value has to do with making the value static. (...) (23 years ago, 5-Mar-02, to lugnet.off-topic.debate)
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| | | | | | | | Re: A hypothetical economics question... —Christopher L. Weeks
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| | | | | | (...) rate. (...) Unless there's a reason that I'm missing, that's kind of my default thought. (...) Got that, but in a global economy it's a phantom concept. I could always trade across the border. Maybe it made more sense way back when before (...) (23 years ago, 5-Mar-02, to lugnet.off-topic.debate)
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| | | | | | Re: A hypothetical economics question... —Frank Filz
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| | | | (...) Yes, I do go to church on a regular basis. Of course some of my fellow congregants very vehemently deny they go to church. I happen to find that church is a pretty good description of what I go to on Sunday even though the beliefs of my (...) (23 years ago, 1-Mar-02, to lugnet.off-topic.debate)
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