[quote name='mykevermin']Lew Rockwell and Ron Paul are economists? Derrrrrrrp.
almighty.
1. Stupid question, ridiculous premise. Let me answer it this way - anyone who believes that a market can be truly independent of government involvement either (a) doesn't understand the first
ing thing about economics or (b) is an anarchist. If you use the US dollar in your transaction and typically refrain from bartering, there is a remarkable likelihood that you are an (a) and not (b).
2. Check the CPI. Printing money doesn't effect prices. You are clearly in category (a) above.
3. "Why did the price has increased?" Sweet grammar, guy. Are you a trust fund Archbishop Moeller grad? At any rate, I'm not sure why it has done up. Demand? Beats me, I don't invest in it.
Let me ask you: "Why did the price of AAPL has increased so much in the last 10-15 years?" Since you are fishing for a desired result in the final question, should we glean that any commodity/security whose price has increased since 1998 is a potential candidate for replacing the dollar as the currency of choice in the modern world? Should we then think that people are buying AAPL stock certificates expecting them to replace the dollar? No? Why would we expect that gold is different? Because its price as a commodity went up? Talk about a conclusion in search of evidence. Jesus, kid. Back to the drawing board with you.[/QUOTE]
1. I studied Economics for several years in California being taught by different kinds of professors. Just because my view is different it does not mean that I am an anarchist or stupid. You use the same tactics by people who do not have the facts by calling me stupid, making fun of one's opinion and etc. This tactic is also used by Pierce Morgan against anyone who has a different opinion.
USSR had strong government influence on the market and what happened? They are gone!
Want another example? How about Sweden who was praised by a very famous economist Paul Krugman.
http://mises.org/daily/2259
2. CPI? Ok check the link below
http://seekingalpha.com/article/122269-what-s-wrong-with-the-cpi
3. AAPL increased due to demand, for many people it was or is a solid substitute for paper money. Please enough with name calling and use more facts, none of your responses are back up by anything.
Also I am still waiting for my dollar.