Comments on: What I Would Do http://alephblog.com/2009/01/15/what-i-would-do/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Wed, 17 Mar 2010 19:51:52 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Ralph http://alephblog.com/2009/01/15/what-i-would-do/comment-page-1/#comment-21169 Ralph Sun, 15 Mar 2009 02:09:40 +0000 http://alephblog.com/?p=1332#comment-21169 Money is nothing but stored Labor. I have 50 dollars, I can get someone to do 50 dollars worth of work. Anything that can keep that relation stable and there is a lot of it can be used as a currency. Money is nothing but stored Labor.

I have 50 dollars, I can get someone to do 50 dollars worth of work.

Anything that can keep that relation stable and there is a lot of it can be used as a currency.

]]> By: LoanShark http://alephblog.com/2009/01/15/what-i-would-do/comment-page-1/#comment-20757 LoanShark Thu, 22 Jan 2009 00:43:14 +0000 http://alephblog.com/?p=1332#comment-20757 Brilliant. Political reforms would include a return to federalism. States could socialize all they wanted but the failures would be local and short lived. To lostme: Gold backed currencies control gov't stupidity. No need to redeem your paper if the bureaucratic state acts responsibly. Brilliant. Political reforms would include a return to federalism. States could socialize all they wanted but the failures would be local and short lived. To lostme: Gold backed currencies control gov’t stupidity. No need to redeem your paper if the bureaucratic state acts responsibly.

]]> By: iron308 http://alephblog.com/2009/01/15/what-i-would-do/comment-page-1/#comment-20733 iron308 Sun, 18 Jan 2009 01:01:29 +0000 http://alephblog.com/?p=1332#comment-20733 "I really appreciate your point of view, Mr. Merkel. I also admire the letters you send to policy makers. Please keep up the good work." I agree with Matt. Your blog is a regular stop for me. It is refreshing to see a common sense, backed by real world experience, reward the prudent/punish the irresponsible view point explained in a way that is understandable. (unlike that sentence). “I really appreciate your point of view, Mr. Merkel. I also admire the letters you send to policy makers. Please keep up the good work.”

I agree with Matt. Your blog is a regular stop for me. It is refreshing to see a common sense, backed by real world experience, reward the prudent/punish the irresponsible view point explained in a way that is understandable. (unlike that sentence).

]]> By: matt http://alephblog.com/2009/01/15/what-i-would-do/comment-page-1/#comment-20726 matt Fri, 16 Jan 2009 23:03:19 +0000 http://alephblog.com/?p=1332#comment-20726 "You have been critical of elected officials, appointed officials, independent bodies — in fact — every agency of government. Just how do you think we should be setting policy? Is there some other country or system that is doing this better?" This is incredibly ignorant--it is tantamount to saying, "We might as well not try to improve because we are the least bad." This "lessor of two evils" ideology that Americans are so comfortable with is an impediment to progress. I really appreciate your point of view, Mr. Merkel. I also admire the letters you send to policy makers. Please keep up the good work. “You have been critical of elected officials, appointed officials, independent bodies — in fact — every agency of government. Just how do you think we should be setting policy?

Is there some other country or system that is doing this better?”

This is incredibly ignorant–it is tantamount to saying, “We might as well not try to improve because we are the least bad.” This “lessor of two evils” ideology that Americans are so comfortable with is an impediment to progress.

I really appreciate your point of view, Mr. Merkel. I also admire the letters you send to policy makers. Please keep up the good work.

]]> By: David Merkel http://alephblog.com/2009/01/15/what-i-would-do/comment-page-1/#comment-20724 David Merkel Fri, 16 Jan 2009 19:02:42 +0000 http://alephblog.com/?p=1332#comment-20724 lostme -- I just want monetary policy out of the hands of the government. When they have that power, they create disasters like the thirties and the present. lostme — I just want monetary policy out of the hands of the government. When they have that power, they create disasters like the thirties and the present.

]]> By: lostme http://alephblog.com/2009/01/15/what-i-would-do/comment-page-1/#comment-20721 lostme Fri, 16 Jan 2009 18:21:03 +0000 http://alephblog.com/?p=1332#comment-20721 I was absorbing everything until I got to the "move to a currency that is gold backed" Ah, the cry of Barry's Boys: "Let's go back to 1910, and start World War One all over, again". Good grief, back to the gold standard? I was absorbing everything until I got to the “move to a currency that is gold backed” Ah, the cry of Barry’s Boys: “Let’s go back to 1910, and start World War One all over, again”. Good grief, back to the gold standard?

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