Is the world Present Valuing the future?

Discussion in 'Economics' started by nitro, Apr 11, 2013.

Will the raw material available to humanity about to explode in abundance?

  1. Yes. Technology is amazing and will eventually transform humanity.

    1 vote(s)
    20.0%
  2. No. This will fail in the short term.

    0 vote(s)
    0.0%
  3. I don't know.

    0 vote(s)
    0.0%
  4. I don't care.

    4 vote(s)
    80.0%
  1. nitro

    nitro

  2. Time for me to fess up and confirm my ignorance. What's the point of the gold standard? We've been off the gold standard since 1974 (?). My dad had an apple cart, I have 2 apple carts, What impact did gold have on my life?
     
  3. You should have added one more option.

    This is bullshit and a huge waste of money.
     
  4. there's actually an idea out there that would require 30% of M1 to be backed by gold. It would still allow all the benefits of fiat money, but keep them just a little more honest.

    last I checked that would put gold at $2500/oz

    your son will need 4 apple carts just to live like your dad did with one

    good time to be selling apple carts, they are buying more and more of them
     
  5. oldtime:good time to be selling apple carts, they are buying more and more of them



    Good point