LogFAQs > #897068012

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Topic	Freedom, Liberty, Ron Paul - New Domains of Freedom [dwmf]
SmartMuffin 03/02/18 6:02:19 PM #471:	redrocket_pub posted... SmartMuffin posted... It's that looking at the "balance of trade" and saying "net exporter is winning and net importer is losing" is just fundamentally wrong. Where the fuck does this idea even come from? It's literally 16th century mercantilism. Based on the idea that every nation's objective should be to collect the most gold. Which made some small, semi-plausible amount of sense back when currency was literally gold and highly valued by all with little possibility of massive inflation. But makes zero fucking sense today with FRNs... --- SmartMuffin - Because anything less would be uncivilized - http://i.imgur.com/W66HUUy.jpg http://dudewheresmyfreedom.com/ <cite>SmartMuffin posted [p:897068012] in Freedom, L... [t:76290086]...</cite> <quote><cite>redrocket_pub posted...</cite> <quote><cite>SmartMuffin posted...</cite> <quote>It's that looking at the "balance of trade" and saying "net exporter is winning and net importer is losing" is just fundamentally wrong. </quote> Where the fuck does this idea even come from?</quote> It's literally 16th century mercantilism. Based on the idea that every nation's objective should be to collect the most gold. Which made some small, semi-plausible amount of sense back when currency was literally gold and highly valued by all with little possibility of massive inflation. But makes zero fucking sense today with FRNs... --- SmartMuffin - Because anything less would be uncivilized - http://i.imgur.com/W66HUUy.jpg http://dudewheresmyfreedom.com/</quote> ... Copied to Clipboard!
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