Privitize Social Security?

SS is p. safe.

medicare looks worrying, but that's really being driven by the increasing costs of health care - something that definitely needs resolved.

coolbeans90

[QUOTE="osirisx3"]

Can you trust the private sector with your money? Big banks are to big to fail and to big to jail. they could piss away all your money!

Murderstyle75

I remembered the last time there was a push for privitived social security. The markets crashed right after the failed push and, if it had been put in place, almost all of it would have been lost.

Yeah, bad idea.

[QUOTE="osirisx3"]

Can you trust the private sector with your money? Big banks are to big to fail and to big to jail. they could piss away all your money!

Murderstyle75

[QUOTE="DroidPhysX"][QUOTE="Murderstyle75"]Just wait for Obamacare.Murderstyle75

[QUOTE="Murderstyle75"][QUOTE="osirisx3"]

Can you trust the private sector with your money? Big banks are to big to fail and to big to jail. they could piss away all your money!

lx_theo

We should privatize Social Security by abolishing it. Let individuals decide what sort of retirement they want to pay into. It's bizzare that the federal government is in the retirement fund business, and rather unfair that they will imprison you for tax evasion if you don't want to be their client.

[QUOTE="Fightingfan"][QUOTE="lx_theo"] What the **** is this, the great depression?lx_theo

Actually, anyone who doesn't like inflation cares. No that the Federal Reserve is off the gold standard that can devalue the dollar by printing extra money when they're in a pinch. So.. fiat currency hurts government accountability (as if that needed any help) and inevitably is unfair to the population who will be jailed if they print money while the reserve is free to print and devalue as they see fit.

everything should be privatized because a man is his own island and fvck society

everything should be privatized because a man is his own island and fvck society

Aljosa23

i wonder if libertarians are still trying to literally make their own islands

seasteading or w/e

[QUOTE="Aljosa23"]

everything should be privatized because a man is his own island and fvck society

coolbeans90

i wonder if libertarians are still trying to literally make their own islands

seasteading or w/e

[QUOTE="Aljosa23"]

everything should be privatized because a man is his own island and fvck society

coolbeans90

i wonder if libertarians are still trying to literally make their own islands

seasteading or w/e

[QUOTE="lx_theo"][QUOTE="Fightingfan"] Worse. You're using fiat currency. Fightingfan

Actually, anyone who doesn't like inflation cares. No that the Federal Reserve is off the gold standard that can devalue the dollar by printing extra money when they're in a pinch. So.. fiat currency hurts government accountability (as if that needed any help) and inevitably is unfair to the population who will be jailed if they print money while the reserve is free to print and devalue as they see fit.

No, people like that are idiots. If it was based on stuff like that, the government wouldn't have the flexibility to act during economic crisises. I prefer inflation over no country.

[QUOTE="Fightingfan"][QUOTE="lx_theo"] And no one but the most paranoid of the paranoid cared.lx_theo

Actually, anyone who doesn't like inflation cares. No that the Federal Reserve is off the gold standard that can devalue the dollar by printing extra money when they're in a pinch. So.. fiat currency hurts government accountability (as if that needed any help) and inevitably is unfair to the population who will be jailed if they print money while the reserve is free to print and devalue as they see fit.

No, people like that are idiots. If it was based on stuff like that, the government wouldn't have the flexibility to act during economic crisises. I prefer inflation over no country.

@"That Argument" Explain.

You're saying it's better to collect paper VS something with intrinsic value?

[QUOTE="lx_theo"]

[QUOTE="Fightingfan"]

 

Actually, anyone who doesn't like inflation cares. No that the Federal Reserve is off the gold standard that can devalue the dollar by printing extra money when they're in a pinch. So.. fiat currency hurts government accountability (as if that needed any help) and inevitably is unfair to the population who will be jailed if they print money while the reserve is free to print and devalue as they see fit.

Fightingfan

No, people like that are idiots. If it was based on stuff like that, the government wouldn't have the flexibility to act during economic crisises. I prefer inflation over no country.

Gold has industrial uses -- Gold isn't expensive today because it's simply been perceived as expensive historically.

The Gold Standard limits the ability to print/create money yes -- but in a Gold Standard the Government can simply devalue the price of gold or silver to suit their needs.

Andrew Jackson had no problems paying off the national debt under a gold standard; why can't all these other presidents solve the issue under fiat currency if it allows the government "flexibility during crisis". Currency backed by a commodity is and always will be superior to a fiat currency.

Look at every fiat since the Song Dynasty.

i love the gold standard peeps

but

DIAMONDS ARE FOREVER

i love the gold standard peeps

but

DIAMONDS ARE FOREVER

coolbeans90

Gold has industrial uses -- Gold isn't expensive today because it's simply been perceived as expensive historically.

The Gold Standard limits the ability to print/create money yes -- but in a Gold Standard the Government can simply devalue the price of gold or silver to suit their needs.

Andrew Jackson had no problems paying off the national debt under a gold standard; why can't all these other presidents solve the issue under fiat currency if it allows the government "flexibility during crisis". Currency backed by a commodity is and always will be superior to a fiat currency.

Look at every fiat since the Song Dynasty.

Fightingfan

[QUOTE="Fightingfan"]

Gold has industrial uses -- Gold isn't expensive today because it's simply been perceived as expensive historically.

The Gold Standard limits the ability to print/create money yes -- but in a Gold Standard the Government can simply devalue the price of gold or silver to suit their needs.

Andrew Jackson had no problems paying off the national debt under a gold standard; why can't all these other presidents solve the issue under fiat currency if it allows the government "flexibility during crisis". Currency backed by a commodity is and always will be superior to a fiat currency.

Look at every fiat since the Song Dynasty.

lx_theo

[QUOTE="lx_theo"][QUOTE="Fightingfan"]

Gold has industrial uses -- Gold isn't expensive today because it's simply been perceived as expensive historically.

The Gold Standard limits the ability to print/create money yes -- but in a Gold Standard the Government can simply devalue the price of gold or silver to suit their needs.

Andrew Jackson had no problems paying off the national debt under a gold standard; why can't all these other presidents solve the issue under fiat currency if it allows the government "flexibility during crisis". Currency backed by a commodity is and always will be superior to a fiat currency.

Look at every fiat since the Song Dynasty.

Fightingfan

the inflexibility of the gold supply is actually a really good argument against the gold standardAbbeten

gold currency is best currency

it is the most stable thing ever

because no matter how much people value it

IT NEVER CHANGES

Wouldn't the gold standard become complete crap if we just found an asteriod that has a large percentage of this metal? Asteroid mining is in the works and wihtin the next 15 to 20 years we should be able to harvest all the raw materials that we'll every need. 

its crap before the asteroid

Wouldn't the gold standard become complete crap if we just found an asteriod that has a large percentage of this metal? Asteroid mining is in the works and wihtin the next 15 to 20 years we should be able to harvest all the raw materials that we'll every need. 

Yusuke420

We would have to discover some sort of metal with all the properties of Gold, but be as common as copper. Also Asteroid mining is unlikely. Gold is too dense, something the side of an adult human's thumb weighs about 1 troy ounce (31.1 grams).

We wouldn't be able to transport large amounts of gold by machine -- would require too much fuel and resources.

i'ma stick with asteroids

b/c that sounds cooler

and more accessible to plebs

everything should be privatized because a man is his own island and fvck society

Aljosa23

[QUOTE="Aljosa23"]

everything should be privatized because a man is his own island and fvck society

Laihendi

[QUOTE="Laihendi"][QUOTE="Aljosa23"]

everything should be privatized because a man is his own island and fvck society

Yusuke420

What if all the gold mining countries decide to form a cartel and collude to restrict or expand the supply of gold themselves? Mwhuhahahaha. HoolaHoopMan

All the gold mined in the history of the world would not cover one half of the current U.S. economy.

[QUOTE="Yusuke420"]

[QUOTE="Laihendi"] Implying that society cannot function without some people being unwillingly sacrificed to and for others.Laihendi

All the gold mined in the history of the world would not cover one half of the current U.S. economy.

worlock77