The Most Despotic Taxes Known to Mankind

[bobevenson]

The government spending of money it just creates out of thin air, and otherwise allowing the money supply to increase and be spent without being backed by property it supposedly represents as a medium of exchange is what results in inflation, which is a dilution in the value of money, and the government is 100% responsible for it.

There isn't enough money in existence for that to be true.

I'm sorry, but you don't have the slightest idea of what inflation is and how it's created.

[Arising_uk]

I'm sorry, but taxation has absolutely nothing to do with inflation.

If taxation has "absolutely nothing" to do with inflation, then how will the AEP's plan to control inflation through taxation work?

EDIT: Just to refresh our memories, here are your words, Bob.

Any tendency toward inflation would be controlled through taxation to reduce the money supply.

Whoops! Another agnostic/absolute fool moment.

[bobevenson]

The spending of money that does not represent property is what inflation is, pure and simple. It's when the government just prints money to pay its bills or writes checks from phony government bank accounts or lets private banks do the same thing. You bastards wouldn't recognize inflation if it bit you in the ass since you think inflation is just about higher prices when it's not about prices at all, but the dilution in the value of money perpetrated by a criminal government.

[Arising_uk]

... You bastards wouldn't recognize inflation if it bit you in the ass since you think inflation is just about higher prices when it's not about prices at all, but the dilution in the value of money perpetrated by a criminal government.

No we don't think this, this is your pet fantasy or one of your voices talking to you. We think there are various forms of inflation and the economists appear to agree, one of them is yours, monetary inflation, another is price inflation and in either case the value of your money to buy the same amount of goods for the same amount of cash after it has occurred is reduced.

You on the other hand appear, by your own definitions, to want to be a criminal on a grand scale as you wish to implement a taxation and banking policy that would cause hyper-inflation and so far appear unable to say how your idea won't cause the crash of the US economy. Poor show for a supposed theorist who wishes to enter the political arena.

[Gary Childress]

The spending of money that does not represent property is what inflation is, pure and simple. It's when the government just prints money to pay its bills or just writes checks from fictitious government bank accounts or lets private banks do the same thing You bastards wouldn't recognize inflation if it bit you in the ass since you think inflation is just about higher prices when it's not about prices at all, but the dilution in the value of money perpetrated by a criminal government.

To be fair, maybe if you clarify a bit better how the AEP will "match" money to the value of goods and services, then we might get a better grasp of what you are saying. Since it appears to be the case that circulating 3,900 billion in money causes an inflation rate of somewhere over 2%, I assume it means you would have the Fed issue something less than the 3,900 billion currently in circulation, to bring it down to 0% inflation. Is that correct?

[FlashDangerpants]

The government spending of money it just creates out of thin air, and otherwise allowing the money supply to increase and be spent without being backed by property it supposedly represents as a medium of exchange is what results in inflation, which is a dilution in the value of money, and the government is 100% responsible for it.

There isn't enough money in existence for that to be true.

I'm sorry, but you don't have the slightest idea of what inflation is and how it's created.

I gave you the formula here viewtopic.php?t=18521&start=15
You can read explaantions allover the place, like this one.

The formula explains your own claim that doubling money supply causes prices to double. Something your witless crap does not.

It's quite simple stuff. You just have to stop pretending God is talking through you (he has clearly abandoned you and you are bullshitting) and do some actual learning.

[FlashDangerpants]

You bastards wouldn't recognize inflation if it bit you in the ass since you think inflation is just about higher prices when it's not about prices at all, but the dilution in the value of money perpetrated by a criminal government.

Dilution of the value of money == lower values for money compared to goods and services == higher prices for goods and services when exchanged for money. These are all expressions of exactly the same thing.

[bobevenson]

I'm sorry, but your last two posts represent the greatest amount of bullshit in a single place that I've seen in quite some time. Again, to avoid inflation, the maximum amount of money that can be created must be created only by banks, not the government, and be limited by the total value of certificates of property held by the banks. Money is a medium of exchange, and by definition cannot exceed the total value of property.

[Gary Childress]

The spending of money that does not represent property is what inflation is, pure and simple. It's when the government just prints money to pay its bills or just writes checks from fictitious government bank accounts or lets private banks do the same thing You bastards wouldn't recognize inflation if it bit you in the ass since you think inflation is just about higher prices when it's not about prices at all, but the dilution in the value of money perpetrated by a criminal government.

To be fair, maybe if you clarify a bit better how the AEP will "match" money to the value of goods and services, then we might get a better grasp of what you are saying. Since it appears to be the case that circulating 3,900 billion in money causes an inflation rate of somewhere over 2%, I assume it means you would have the Fed issue something less than the 3,900 billion currently in circulation, to bring it down to 0% inflation. Is that correct?

[Gary Childress]

By the way, Bob, I hope you aren't cheating by looking on the Internet and/or economics books for answers to the questions put to you. We expect divine communication to give you answers.

[Arising_uk]

I'm sorry, but your last two posts represent the greatest amount of bullshit in a single place that I've seen in quite some time. ...

You've not been looking at your posts then.

So once more, how will you avoid hyper-inflation and the crash of the US economy if you implement a policy based upon your idea of keeping inflation down by equalising the money supply with all possible property? As this would involve you allowing the banks to print trillions of dollars given the current currency level and the valuation of all the possible property in the US.

Also, why should we allow the govt to effectively part-rent our property to us rather than just paying a one-off tax?

[Arising_uk]

...and be limited by the total value of certificates of property held by the banks. ...

What!! You're going to let the banks hold my certificates of property? My god you truly are the anti-baptist, false prophet for 'Satan' and the 'Beast'(as evidenced by your name), as you clearly want to create a system where no-one can buy or sell without the mark.

Also, are you not effectively creating two currencies here? As you are basically saying these CoP are as good as money.

[bobevenson]

By the way, Bob, I hope you aren't cheating by looking on the Internet and/or economics books for answers to the questions put to you. We expect divine communication to give you answers.

It's like Golden Earring's "Radar Love," it comes right out of the sky!

[FlashDangerpants]

Again, to avoid inflation, the maximum amount of money that can be created must be created only by banks, not the government, and be limited by the total value of certificates of property held by the banks. Money is a medium of exchange, and by definition cannot exceed the total value of property.

It doesn't exceed that value.
It impossible for it to even approach equivalence let alone exceed the value of property.

If you created money equal to half the present value of all the stuff in America the value of the money you created would fall away to virtually nothing.
Which is another way of saying that the Dollar value of the stuff it represented would rise faster than you could create the currency.

If you had any business being on a philosophy forum you would realise you have put yourself into a monetary version of Zeno's paradox of Achilles and the turtle.

[bobevenson]

Let me ask you one simple question: what do you think is the cause of inflation?