Comments on: Council On Foreign Relations Members http://www.myconfinedspace.com/2007/11/26/cfr-members/ My Confined Space is an image blog with user submitted pictures of anything and everything, funny, serious or dark. Mon, 13 Feb 2012 17:50:48 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: reboot http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79227 reboot Tue, 27 Nov 2007 16:36:33 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79227 @vggramul, all of the problems that you brought up about the gold standard also apply to fiat currencies. based on illusion of worth? check. subject to fluctuations? check. vulnerable to other countries shenanigans? check The one difference is "commodities-based currencies restrain growth". Which is just another way of saying that government can print as much fiat currency as they want, but are limited to how much commodity currency that they can print. Many people would consider this to be a good property of currency, but that's getting into territory of Say's Law vs. Keynesian economics. My point is that you can't just call someone an idiot because they support gold standard. There's a lot of intellectual theory and fiat currencies have some serious problems of their own. @vggramul, all of the problems that you brought up about the gold standard also apply to fiat currencies.
based on illusion of worth? check.
subject to fluctuations? check.
vulnerable to other countries shenanigans? check
The one difference is “commodities-based currencies restrain growth”. Which is just another way of saying that government can print as much fiat currency as they want, but are limited to how much commodity currency that they can print. Many people would consider this to be a good property of currency, but that’s getting into territory of Say’s Law vs. Keynesian economics.
My point is that you can’t just call someone an idiot because they support gold standard. There’s a lot of intellectual theory and fiat currencies have some serious problems of their own.

]]> By: Kerry http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79210 Kerry Tue, 27 Nov 2007 13:52:10 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79210 @CaptainBobo, It was "I voted for Kodos". Kodos is Kang's sister. @CaptainBobo,

It was “I voted for Kodos”.
Kodos is Kang’s sister.

]]> By: vygramul http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79207 vygramul Tue, 27 Nov 2007 12:25:18 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79207 @Frznagn Wow - Ron Paul is way ahead. I guess this means you'd be willing to give me odds and put some money on it? @Frznagn

Wow – Ron Paul is way ahead. I guess this means you’d be willing to give me odds and put some money on it?

]]> By: vygramul http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79206 vygramul Tue, 27 Nov 2007 12:23:31 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79206 @reboot It would help if there was enough gold on the planet to back our currency, much less the rest of the world. In the end, some shiny rocks backing some processed wood does not impress me. The value of the shiny rocks is purely based on how nicely it shines, which is entirely subjective. Just like the processed wood's value is subjective. (There are far more shiny rocks than are required for the few uses they're actually good for AND are worth the money.) What you are suggesting is replacing one value system based on illusion of worth with another value system based on illusion of worth. On top of that, commodities-based currencies restrain growth and are also subject to fluctuations as well as being vulnerable to other countries shenanigans. There's a reason that there was a law stating how much gold individuals could stockpile, and that reason extends to foreign governments with lots of gold reserves. Other than that, it's a great idea. @reboot

It would help if there was enough gold on the planet to back our currency, much less the rest of the world.

In the end, some shiny rocks backing some processed wood does not impress me. The value of the shiny rocks is purely based on how nicely it shines, which is entirely subjective. Just like the processed wood’s value is subjective. (There are far more shiny rocks than are required for the few uses they’re actually good for AND are worth the money.)

What you are suggesting is replacing one value system based on illusion of worth with another value system based on illusion of worth. On top of that, commodities-based currencies restrain growth and are also subject to fluctuations as well as being vulnerable to other countries shenanigans. There’s a reason that there was a law stating how much gold individuals could stockpile, and that reason extends to foreign governments with lots of gold reserves.

Other than that, it’s a great idea.

]]> By: diabeetus http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79185 diabeetus Tue, 27 Nov 2007 08:03:16 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79185 <blockquote>You think Ron Paul has no chance? Check this site out: http://www.whowouldtheworldelect.com/</blockquote> I like the fact that a lot of these countries consistently favor Democrat/Libertarians rather than Republicans. Kinda makes you think that Democrats are loyal to other countries rather than to America itself? Oh, and the fuck the world. They can't vote for our next President anyway.

You think Ron Paul has no chance? Check this site out: www.whowouldtheworldelect.com/

I like the fact that a lot of these countries consistently favor Democrat/Libertarians rather than Republicans. Kinda makes you think that Democrats are loyal to other countries rather than to America itself?

Oh, and the fuck the world. They can’t vote for our next President anyway.

]]> By: GlowMonkay http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79184 GlowMonkay Tue, 27 Nov 2007 07:54:17 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79184 oh, i mean the real numbers btw... oh, i mean the real numbers btw…

]]> By: GlowMonkay http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79183 GlowMonkay Tue, 27 Nov 2007 07:53:40 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79183 look at the numbers. look at the numbers.

]]> By: Frznagn http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79179 Frznagn Tue, 27 Nov 2007 07:41:58 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79179 You think Ron Paul has no chance? Check this site out: http://www.whowouldtheworldelect.com/ You think Ron Paul has no chance? Check this site out: www.whowouldtheworldelect.com/

]]> By: GlowMonkay http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79175 GlowMonkay Tue, 27 Nov 2007 07:22:38 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79175 this ad is stupid. seriously effing stupid. THEY'RE THE ONLY CANDIDATES WITH THE MOST PLAY!!! EVERYONES VOTING FOR ONE OF THESE AS HOLES!!!! this ad is stupid. seriously effing stupid.

THEY’RE THE ONLY CANDIDATES WITH THE MOST PLAY!!!

EVERYONES VOTING FOR ONE OF THESE AS HOLES!!!!

]]> By: diabeetus http://www.myconfinedspace.com/2007/11/26/cfr-members/comment-page-1/#comment-79157 diabeetus Tue, 27 Nov 2007 06:52:01 +0000 http://www.myconfinedspace.com/2007/11/26/cfr-members/#comment-79157 <blockquote>You know who, most importantly, is not on the list? Cthulhu.</blockquote> Oh lawd.

You know who, most importantly, is not on the list?
Cthulhu.

Oh lawd.

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