search results matching tag: Vladimir Lenin

» channel: learn

go advanced with your query
Search took 0.000 seconds

  • 1
    Videos (4)     Sift Talk (0)     Blogs (0)     Comments (1)   

"Fiat Money" Explained in 3 minutes

NetRunner says...

>> ^marbles:

And price changes from an increased "supply" of currency is called inflation.


Before I get into the rest of what you said, I want to just highlight this part because it's an example of the root problem with your entire reply.

You seem to have this habit of making tautological arguments that hinge on asserting that the premise you wish to prove is baked into the very definition of some word, and therefore you don't need to actually make an argument for said premise.

I've been here with you before, about a word whose definition is much fuzzier than inflation (liberty), but now you're doing it with a word whose definition is very specific, and clearly does not contain the premise you want it to contain.

This is also my answer to your disagreement about the meaning of fractional reserve banking.

This is also my answer to your disagreement about what modern-day Keynesian monetary theories say. I'll also add that your quote isn't a Keynes original, it's Keynes quoting Vladimir Lenin.

As to your very last bit, you have a funny idea of what "earned honestly" means. Supposedly you resent banks gambling with our savings. Did they honestly "earn" our savings?

  • 1


Send this Article to a Friend



Separate multiple emails with a comma (,); limit 5 recipients






Your email has been sent successfully!

Manage this Video in Your Playlists

Beggar's Canyon