Why do people think countries need centrally planned money?

Discussion in 'Political Opinions & Beliefs' started by P. Lotor, Dec 11, 2011.

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  1. P. Lotor

    P. Lotor Banned Past Donor

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    Both R and D seem to agree that countries need centrally planned money and centrally manipulated interest rates. If you are for centrally planned money, why do you think we need it?
     
  2. akphidelt2007

    akphidelt2007 New Member Past Donor

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    To be able to have the right amount of money in the economy to achieve the number of transactions necessary to reach your target rate of growth.
     
  3. P. Lotor

    P. Lotor Banned Past Donor

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    Why do you think there is such thing as the right amount of money? What makes you think that economies should have a target rate of growth?
     
  4. akphidelt2007

    akphidelt2007 New Member Past Donor

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    That is the question. What is your objective for a country?

    Mine is to reach maximum productivity. You have the survival of the fittest approach... which is common in 3rd world countries.
     
  5. peoplevsmedia

    peoplevsmedia Banned

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    So that there would be less counterfit money. and apparently with a corrupt government like ours, it has lost its' use protecting our currency and anything else.
     
  6. P. Lotor

    P. Lotor Banned Past Donor

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    Why do you think the government would be better at making counterfeit proof money than private businesses?
     
  7. P. Lotor

    P. Lotor Banned Past Donor

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    Yes, those are the questions I aksed you. Do you have answers?
     
  8. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Yes, the object is to continually grow the economy and increase the standard of living.
     
  9. P. Lotor

    P. Lotor Banned Past Donor

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    Here are the two questions I asked you in response to you initial response, you seem to have lost track of them:

    Why do you think there is such thing as the right amount of money?

    What makes you think that economies should have a target rate of growth?
     
  10. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Policy objectives to reach a certain level of growth

    To increase the standard of living for the majority of citizens participating in the economy.
     
  11. P. Lotor

    P. Lotor Banned Past Donor

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    why would one stock of money be better than a different stock of money?

    why would one rate of growth be better than a different rate of growth? presumably the most economic growth is the best.
     
  12. akphidelt2007

    akphidelt2007 New Member Past Donor

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    What do you mean?

    The key is sustainable economic growth.
     
  13. Neodoxy

    Neodoxy New Member

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    You're arguing that there's a 'right' amount of money in the economy, now why is it that there would be a 'right' amount of money or that one amount of money would be too much or not enough for an economy.

    A manipulation of the money supply and particularly interest rates is harmful to any sort of stable economic growth, as is most government intervention to begin with.
     
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  14. P. Lotor

    P. Lotor Banned Past Donor

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    you said the government needs to be able to control the quantity of money to promote growth. why is one stock (read quantity) of money better than another.

    how do you know what growth is sustainable?
     
  15. Dr. Righteous

    Dr. Righteous Well-Known Member

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    Seem to agree? They definitely agree. The Republicans are massive hypocrites. They talk about small government and getting government out of our lives, but they support centralized economic planning of our money and banning gay marriage. Such hypocrites
     
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  16. akphidelt2007

    akphidelt2007 New Member Past Donor

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    The amount of money necessary to create the number of transactions resulting in the target rate of growth.

    Data is not on your side

    [​IMG]
     
  17. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Velocity of money

    You don't, that is why you have to manipulate the money supply to get there.
     
  18. Dr. Righteous

    Dr. Righteous Well-Known Member

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    There is no way that a group of people sitting around of table could be able to determine what the correct money supply ought to be at every point in time in the economy more efficiently than the free market could. You have been brainwashed by leftwing propaganda if you believe otherwise.

    Central economic planning slows economic growth.
     
  19. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Sure they can.

    We are the largest economy in the history of mankind. Data is not on your side.

    [​IMG]
     
  20. P. Lotor

    P. Lotor Banned Past Donor

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    that is not an answer to my question. why is one stock of money preferable to any other like you asserted?

    I asked how you know what is sustainable. you don't know? how will you know when you get there?
     
  21. P. Lotor

    P. Lotor Banned Past Donor

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    yea, unfortunately that's right.
     
  22. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Velocity of money

    That's the entire purpose of fiscal and monetary policy... to achieve a sustainable level of growth. That means to increase the number of transactions at a sustainable rate.
     
  23. Neodoxy

    Neodoxy New Member

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    And how do you know what that will be? Furthermore why is it that any amount of money won't fulfill your pretty straightforward goals? All you want is growth, why is it that the economy won't be able to adjust to any money supply and grow/increase living standards?

    Logic is not on your side
    And at any rate I would argue that real GDP growth and living standards would be higher in the absence of government monetary intervention and that the very data you site is a vindication of what I argue. If you look you'll see those blips and dark patches of recessions.
     
  24. P. Lotor

    P. Lotor Banned Past Donor

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    you've said that already. so maybe now you can answer my question.......

    how do you know what is sustainable.............
     
  25. akphidelt2007

    akphidelt2007 New Member Past Donor

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    That is the answer to your question

    You don't, you just try to achieve it
     
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