Re: Socialism and Capitalism

On Aug 7, 9:25=A0am, Fred <f...@[EMAIL PROTECTED]
> wrote:
> PeterBP wrote:
> > Fred <f...@[EMAIL PROTECTED]
> wrote:
>
> >> PeterBP wrote:
>
> >> > Fred <f...@[EMAIL PROTECTED]
> wrote:
>
> >> >> Michael Price wrote:
> >> >> > =A0 But it has ****fted real value because the money has real
valu=
e,
> >> >> > because money is valued by others. =A0If it did not and was not
t=
hen
> >> >> > it wouldn't be money. =A0In effect the losers have transferred
th=
e
> >> >> > real value to the winner, albeit unintentionally.
> >> >> > =A0 You are missing the point, more money doesn't solve the
probl=
em.
> >> >> > As I've said increasing the money supply only inflates prices so
> >> >> > that people can buy exactly the same amount.
>
> >> >> =A0 =A0 =A0 =A0 Only if you're using scarce money.
>
> >> > Scarce money is a misnomer on your part.
>
> >> =A0 =A0 =A0 =A0 That is not mine I used the term "scarce money" in
the=
 same way
> >> conventional economists use it. =A0What they don't really have, or at
=
least
> >> don't think about very much is the term "Plentiful Money."
>
> > I'd like you to back up that statement, of "scarce money" being
> > generally used in economic circles, please.
>
> =A0 =A0 =A0 =A0 Turn to any basic text on economics. =A0I'm not jumping
t=
hrough those hoops
> for you.
>
  By "jumping through hoops" you mean actually backing up your case.
I
have NEVER seen the term "scarce money" in an economics textbook nor
would I expect to.  By definition money has to be economically scarce
or
it would not be valuable.
>
> >> >> =A0The rules are different when you switch
> >> >> to a plentiful money system. =A0Like I said before, under a
plentif=
ul
> >> >> money system, there can be no inflation in the traditional sense
> >> >> because the "market" doesn't even set the value of things in terms
=
of
> >> >> the money.
>
> >> > Inflation has nothing to do with the market, as it is primarily a
> >> > central-banking phenomenon, ie. stemming from a state monopoly
bank.
>
> >> =A0 =A0 =A0 =A0 I don't think so, but neither do I care.
>
> > Then you are automatically disqualified from further debate on the
> > subject.
>
> =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 Then I'd not bother to reply if I were
yo=
u... Please. =A0Just go away.

  Why don't you?  You just admitted that you don't care about the
subject under discussion, so why continue?

> --
> Peace,
> Fred
> (Remove FFFf from my email address to reply by email).- Hide quoted text
=
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>
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