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Don't you miss Milton Friedman?!

phattonez said:
You have given me no scenario! But finally I can ask a question so hopefully we can get somewhere. Tell me now, how would a fixed money supply retard economic expansion?
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that $1 fixed money supply would be inadequate to conduct today's commerce
 
justabubba said:
that $1 fixed money supply would be inadequate to conduct today's commerce
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Just explain why. Use an example, use theory, use anything! Just explain WHY it is inadequate, don't just declare it to be.
 
phattonez said:
Just explain why. Use an example, use theory, use anything! Just explain WHY it is inadequate, don't just declare it to be.
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in a multi trillion dollar economy, you explain to us why only $1 would be found adequate to facilitate commerce
 
justabubba said:
in a multi trillion dollar economy, you explain to us why only $1 would be found adequate to facilitate commerce
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Why do I have to explain why something is okay when you haven't even figured out why it is a problem. It's like asking me to explain why a blue sky is not going to kill us. If you haven't proven that a blue sky will kill us, why do I even need to respond?
 
phattonez said:
Why do I have to explain why something is okay when you haven't even figured out why it is a problem. It's like asking me to explain why a blue sky is not going to kill us. If you haven't proven that a blue sky will kill us, why do I even need to respond?
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okay. then it must be found that you believe a money supply of $1 is adequate to sustain today's economy

clearly, you have no understanding of things economic
 
I'm not taking a position of whether or not it is sufficient, I'm merely asking you to elaborate on what exactly the problem is. If you can't articulate what the problem is, then why do I have to respond to your contention?
 
phattonez said:
I'm not taking a position of whether or not it is sufficient, I'm merely asking you to elaborate on what exactly the problem is. If you can't articulate what the problem is, then why do I have to respond to your contention?
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but you have staked out a position. you have expressed that a monetary supply does not need to be elastic. that it should necessarily remain fixed. i used the very low fixed money supply example of $1 to prove your assertion is invalid
you have been unablle to do anything other than duck and evade the point since
 
justabubba said:
but you have staked out a position. you have expressed that a monetary supply does not need to be elastic. that it should necessarily remain fixed. i used the very low fixed money supply example of $1 to prove your assertion is invalid
you have been unablle to do anything other than duck and evade the point since
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Because you haven't stated what the problem is! Tell me why $1 is not enough. That's all I've wanted for a while now. Just tell me why.
 
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