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

[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.

[Whacker]

itt communist economic education

[rvg]

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.

To me it's self-evident. You need one point of reference against which everything is measured. As for why energy, it's because the demand for energy is universal and will always be that way.

[Sir Moody]

To me it's self-evident. You need one point of reference against which everything is measured. As for why energy, it's because the demand for energy is universal and will always be that way.

Demand is universal yes but the cost of production is not

1 Joule produced from a Coal powered power plant will cost X while 1 Joule produced from a Gas Y and so on - how do you fix a value on something which is inherently linked to the form (more specifically the fuel) of its production?

This is why some think a "Gold" standard would work - because Gold is gold and the more you have the more valuable it is...

The problem with the Gold standard however is the fact the value of your money is inherently linked to the amount of Gold you have independent of how well the actual economy is performing - if you have little gold you have to raise interest rates regardless of how well the Economy is actually performing

[rvg]

1 Joule produced from a Coal powered power plant will cost X while 1 Joule produced from a Gas Y and so on - how do you fix a value on something which is inherently linked to the form (more specifically the fuel) of its production?

Same can be said about gold. Gold doesn't come from mommy and daddy gold, it needs to be mined. Mining gold is an expensive and difficult process, but it varies alot. Yet the value of gold is the same, regardless of how it was obtained.

[Sir Moody]

Same can be said about gold. Gold doesn't come from mommy and daddy gold, it needs to be mined. Mining gold is an expensive and difficult process, but it varies alot. Yet the value of gold is the same, regardless of how it was obtained.

actually it isn't - another reason the Gold standard fails - it is far too simplisitc

[gaelic cowboy]

Same can be said about gold. Gold doesn't come from mommy and daddy gold, it needs to be mined. Mining gold is an expensive and difficult process, but it varies alot. Yet the value of gold is the same, regardless of how it was obtained.

This value your talking about is not fixed though it's merely an agreement between two parties.

And the reason for that is?

Any increase or decrease in the amounts of gold changes the variables of the two parties and so changes the price of gold.

Changes in the price of gold would severely hurt an economy no matter how robust or diversified it's industrial base.

[Ronin]

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

[Sir Moody]

see what happens - I drive home and someone has already answered the question

[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.

[The Lurker Below]

there aren't enough dissenting voices being heard in the U.S. - most everybody is so certain their party is Move On perfect in every way and that the other party is full of wackos - any third party noise isn't normally given the time of day. for Ron Paul to gain as much traction as he did for as long as he did is to be congratulated. wouldn't it be great if more differing ideas could get some air time here.

[Strike For The South]

An economic policy with no empathy
A social policy that assumes the bad side of humanity reigns over the good

I don't care for narrow minded people and their ideological pet projects

Remember kids government is bad, unless a stranger is sticking something in your vagina without your consent

Every rich white university student loves Ron Paul becuase their idea of struggling is a part time job.

Good riddance to bad rubbish

[a completely inoffensive name]

A social policy that assumes the bad side of humanity reigns over the good

I just imagined some 2nd year libertarian sociology student calling you naive, and you punching him in the face.