I love it when people say that the China you could just recall their debt or some s*** to screw us over, when in fact we actually could more easily screwed the Chinese over by just blockading their ports

Honestly if America defaulted it would be a murder suicide

plug their rivers so they overflow with plastic and explode

China would go out within a week because America basically pays for the Chinese military with its interest payments

@Leaf Supremacist guns seems logical, and so is copper I guess. Anyway it's not worthless, because people think it's worth something

@Leaf Supremacist pretty much, in addition recently they had to start importing food, so a war with China really would just be a blockade

So the Federal Reserve is private Institution. What do you guys think of that?

you just broke our ToS, we're freezing all your assets

@Bird Wizard PayPal be like

I had one of my teachers defend the fact that the Federal Reserve was a private institution, he said that sent it to private and wants to make money, its in its own self-interest to not cause hyperinflation. Of course I'm not sure if that's always in the best interest of the public, but you know, "the institutions are just great! how could they possibly be flawed!"

@Deleted User eyyyy

Institutionalists are autistic.

statists are autistic tbh

ancap now

Welcome @Deleted User

be sure to check out <#507040801860091914>

Thanks

I don't know the answer myself

@εïз irma εïз lol, Cicero the autist

My professor told everyone why the Fed and fractional reserve banking are bad

@Deleted User and?

I just saw your earlier post saying how yours defending the Fed and offered an anecdote of my own

I don't have a solid opinion on the Fed, though

Nor do I to be honest

I will go out on a limb and say that getting off the gold standard does have its advantages

For instance,

You have a little more control over the money supply, so instead of having to dig more gold out of the ground you're able to Simply print more money to match the economy. So unless you just decide not to print money or somebody starts burning dollar bills, deflation is pretty hard to achieve

discussion is on unemployment vs inflation right

@PunishedMuskovy sorta

then again, couldnt you start to convert the gold into usable things to combat inflation

if im correct gold is used in motherboards

If you ask me, prioritizing one over the other is kind of dumb

lets say both inflation and unemployment are damn high

which would you go to fix first

or what would you focus more on

Though, from the perspective the government unemployment would be more important, since people who have work or less likely to Riot. Well unless your France

Then you're always rioting

id go unemployment, id rather have people being employed and earning money than making the dollar more valuable while at the same time having a large amount of people not earning said dollar

and likely being on some social program or doing crimes