Comments on: Seeking Alpha: Looming Financial Catastrophe: A Real Inconvenient Truth

By: WARREN MOSLER

WARREN MOSLER — Thu, 28 Aug 2008 23:40:37 +0000

Understood.

Thanks for the assist.

Keep fighting the good fight!

By the way, the reason countries went off the gold standard was because of the economic collapses with double digit unemployment rates and troubling social unrest.

It wasn’t because they were working so well. :)

By: Scott Fullwiler

Scott Fullwiler — Thu, 28 Aug 2008 12:56:10 +0000

Well said, Jim.

It’s amazing how the gold standard gets promoted as a “solution” to this so often, since moving to a gold standard would make it far more likely that all the doom and gloom scenarios actually come true. As you said, so “utterly clueless.”

By: Jim Baird

Jim Baird — Thu, 28 Aug 2008 12:30:15 +0000

Just making an effort to inject some sense. Bubt did you notice that no one even responded to my comment, and just went back to talking about how good ‘ol Ron Paul would fix everything? That’s one of the problems with dealing with different paradigms – people often can’t even hear what you’re saying, let alone respond to it.

It’s like being back in the 18th century, with a bunch of doctors arguing about the best technique for bloodletting: fast or slow, arms or legs, etc. If you come in to that discussion and say that the bloodletting is actually what’s killing the patient, they pause, give you a patronizing smile, and then go right back to their argument…