GoFuckYourself.com - Adult Webmaster Forum - View Single Post - What Socialism Is

u-Bob · 10-29-2011, 04:05 PM

as 'Hayek' put it in the second Keynes vs Hayek rap video: "Econometricians... are they doing real science or confirming their bias?"

£100 in 1910 is equivalent to +- £8800 in 2010. That's how those interventionists pay for all their projects. They print new money; inflating the money supply, causing a decrease in exchange value of the money already in circulation (including that in your savings account) (see: law of supply and demand), resulting in a shift of wealth towards the point in the economy where the new money was injected (the government and its cronies) (see: Cantillon effect).

btw: Socialism and ethics: http://mises.org/books/socialism/part4_ch27.aspx

10-29-2011, 04:05 PM
u-Bob there's no $$$ in porn Industry Role: Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) Posts: 33,063	as 'Hayek' put it in the second Keynes vs Hayek rap video: "Econometricians... are they doing real science or confirming their bias?" £100 in 1910 is equivalent to +- £8800 in 2010. That's how those interventionists pay for all their projects. They print new money; inflating the money supply, causing a decrease in exchange value of the money already in circulation (including that in your savings account) (see: law of supply and demand), resulting in a shift of wealth towards the point in the economy where the new money was injected (the government and its cronies) (see: Cantillon effect). btw: Socialism and ethics: http://mises.org/books/socialism/part4_ch27.aspx