Ron Paul's Farewell Speech to Congress: The End of a Cult Figure

[gaelic cowboy]

i.e. gold has value.

as long as we agree.


Fiat currency requires no benchmark and any system that does has been proven to be a disaster, just look at the Euro it clearly has a similar hallmark to the gold standard and it is causing havoc in Europe.


plus there isnt actually enough gold in the world to back currencies so this only helps rich people and hoarders of gold.

[rvg]

as long as we agree.

And we do. While gold imho isn't the best way of gauging value (energy imho is the way to go), it's nonetheless a tried and true way that has worked for millenia.

[gaelic cowboy]

And we do. While gold imho isn't the best way of gauging value (energy imho is the way to go), it's nonetheless a tried and true way that has worked for millenia.

But sure energy can also have different values depending on the source

[rvg]

But sure energy can also have different values depending on the source

Not really. A Joule is a Joule no matter where it comes from.

[Sir Moody]

Not really. A Joule is a Joule no matter where it comes from.

that's the unit of measurement not the value - value would be Joule per <insert Currency here>

[gaelic cowboy]

Not really. A Joule is a Joule no matter where it comes from.

So your talking about work then. How do you get around the problem of trying to SET the monetary value of a joule.

[rvg]

So your talking about work then. How do you get around the problem of trying to SET the monetary value of a joule.

You don't. You set the values of OTHER things in Joules.

[gaelic cowboy]

You don't. You set the values of OTHER things in Joules.

but your merely moving the goalpost here trying to tie things down in values of x = y amount of money.

You still dont explain why fixing money to anything helps it's value, plus if for any reason we increased energy production we would increase the available joules changing the potential price of an object in joules.

[Ronin]

he had 2 loony ideas for every reasonable one.
the only thing surprising about him is the cult around him I find online.

[rvg]

I will always hold the highest regard for Ron Paul as an unwavering champion of individual freedom, no matter the cost. He was, is, and always will be one of the most honest politicians in American history, and certainly the only politician of our modern era who wasn't afraid to say what he meant.

This is very true. His integrity was a huge part of his appeal.

[Papewaio]

Not really. A Joule is a Joule no matter where it comes from.

But to get it or store it may take different amounts of effort ie fat is a useful form of energy as it is accessible, dense and minimal problems to convert in the human body compared with protein.

Same applies to energy in the economy. Wind is accessible when it blows, need some sort of storage to make it more useful. Sure a joule is a joule, but it doesn't mean there isn't a cost to create, transport or store that energy.