Archive for the “gold bugging” category

‘Smart People Are Realizing the Banking System is Broken’

October 9, 2008

DJIA down something like 700 points, that’s the lowest it’s been in over 5 years. Looking at the chart, it’s a veritable cliff at about 3:30pm. General Motors trading at levels not seen since the 1950s. Their dividend yield is 13% and nobody is buying. This kind of gives you the impression [...]

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Posted in: American Politics, Economics Lessons, gold bugging | 1 Comment


Gold is NOT a Fiat Currency

October 8, 2008

Some libertarians are prone to argue, against the so-called “gold bugs” that gold is essentially a fiat currency. Reiterating the common accusation, Tony proposes that, “Gold has value for the same reason a dollar isn’t a mere piece of ink-stained paper: someone else values it,” and continuing: “During a famine, would you accept gold for [...]

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Posted in: Economic Fallacies, gold bugging | 4 Comments


Comments on Comments # 24

September 9, 2008

I’ve had some problems lately with WordPress. The WYSIWYG editor disappeared. Some people on forums say it has to do with a problem with the TinyMCE or wp_includes file, and may be related to a version update. I never messed with any of these. I’m not sure how my version of WP [...]

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Posted in: Anarchy!, Blog Reactions, Economic Fallacies, Economics Lessons, Left Libertarian, Property Rights, gold bugging, metablogging | Be the First to Comment


Comments on Comments #23

August 7, 2008

Regarding the Zoo millage, which passed overwhelmingly:
“I’m thrilled,” said Liz Kaczmarek, 30, of Clinton Township, who takes her nieces and nephews to the zoo frequently. “I don’t know a person who knows about the zoo millage who said they were going to vote no.”
I didn’t vote at all.  But even if I had, Liz, you [...]

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Posted in: Economics Lessons, Michigan, Subsidize This!, Taxation is Theft, gold bugging, personal finance | Be the First to Comment