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you clearly don't have the cognitive capacity to hang out in these parts, do you?
Come back when you've reassessed.
Ad hominem. No, I understand completely: you like a fluctuating yardstick because you believe central bankers are better planners than individuals and should protect them from their own incompetence. This is the Fatal Conceit Hayek described back in the 80s. Have you heard of it?
Den is wrong about a lot of things, but he's right on this one
Nice to hear that
Why does money need to signal "economic conditions"?
The relative value between goods is always subjective and fluctuating. Would you agree or disagree with that statement?
Yes. What does that have to do with the fixed nature of the medium of exchange that a buyer and seller use to facilitate their trade? Are they not able to gauge the value of the MoE and isolate it to the trade without it reflecting economic conditions?
What natural unit are you suggesting that the medium of exchange is fixed to?
Whatever the buyer and seller agree to. I would choose something not subject to the political whims of men. I thought virtually everybody on this platform would as well. I guess I was mistaken.
No, idiot. At one point did I say that?
Jeezus.
I read Fatal Conceit before you could spell the words "central bank". Please fuck off
That's what you quoted! And I quoted!
Rather than name-call, how about explain who stretches and compresses the dollar, and why individuals can't assess the exchange value of their preferred MoE.
Cool, you can neither think nor read, awesome.
Please go away
Your dad called you idiot as a kid, didn't he? It's okay, made you tougher probably. Didn't have any positive effect on your powers of persuasion though.
You posted something objectionable and couldn't handle any objections. Don't be such a thin skinned bitch.
I will never read anything that contains something so nonsensical as this: "Importantly, we don’t want money to be a fixed unit in the way a meter or kilogram is. We want money to fluctuate — to stretch and compress — because it is through those changes that money performs one of its most vital functions: signaling economic conditions. Transmitting relative price changes, in response to underlying conditions of supply and demand, is among money’s key purposes..."
That is prescriptive Keynesian drivel.