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Pastimes
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An SI Board Since March 2001
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Emcee:  Thomas M. Type:  Moderated
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93Credit is always larger than the monetary base. It's also what will contractJF Quinnelly-3/28/2001
92I'll take a look at the von Mises book. I must say, though, that just becauIlaine-3/28/2001
91Bankers issue credit against assets. I don't know about them "monetizinJF Quinnelly-3/28/2001
90>>All it took was convertability, and the guarantee that debts would be paIlaine-3/28/2001
89<i>. Mortgage backed money and commodity money make perfect sense there. &JF Quinnelly-3/28/2001
88Well, I think you are mistaken. It's not just Austrians who use that definitJF Quinnelly-3/27/2001
87I don't think it's any accident that the people who think the most aboutIlaine-3/27/2001
86Ai-yi, now we are getting into that idiosyncratic definition of inflation/deflatIlaine-3/27/2001
85The return to the gold standard in the years following the War Between the StateJF Quinnelly-3/27/2001
84Higher energy costs act like a tax, reducing consumers' discretionary incomeJF Quinnelly-3/27/2001
83Thomas, you and CB are both right about fuel consumption. There was technology tMike M2-3/27/2001
82In a free market the price of everything is subject to market forces. Fixing anIlaine-3/27/2001
81The way I see it, the price of gold was free until 1934. It was the dollar thatThomas M.-3/27/2001
80Technology improved, but a greater reason for the improvement in gas mileage wasThomas M.-3/27/2001
79Message 15569856Ilaine-3/27/2001
78Consumption dropped because technology improved. That's not predictable. TIlaine-3/27/2001
77CB - <i>...The ratio of gold-to-Big-Mac will always change, and as you haDon Lloyd-3/27/2001
76No, demand was definitely elastic. Granted, the response time was slow. I don&Thomas M.-3/27/2001
75OK, and now we come to the crux of the matter. BTW, I am not trained in economiIlaine-3/27/2001
74In light of the fact that I don't "get" Austrian economics, I confIlaine-3/27/2001
73Thomas, nice find -ho ho ho MikeMike M2-3/27/2001
72CB - <i>...If gold has intrinsic value, its intrinsic value is $260 an ouDon Lloyd-3/27/2001
71CB - <i>...Your promise to pay is probably worth less than Bill Gate'Don Lloyd-3/27/2001
70I suspect that the origins of credit-as-money may be with bills of exchange issuJF Quinnelly-3/27/2001
69Great links. I haven't read Gerard Jackson in a while, and I had forgotten Thomas M.-3/26/2001
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