CONSIDERING THE SOURCE...
notorial dissent wrote: Heidi, I have spent most of my adult life working in the financial industry in one area or another, and have seen all of the back office workings of it...
Is that SO? Who are you then? You already know who I am.
And I presume you already know who the late Murray N. Rothbard was:
Former Dean of the Austrian School of economics and author of 26 books, including: America's Great Depression, Man, Economy, and State, What Has Government Done to Our Money, The Case Against the Fed,
and The Case for a Hundred Percent Gold Dollar
He was also an S.J. Hall Distinguished Professor of Economics at the University of Nevada, and Academic Vice President for the Ludwig von Mises Institute (Conservative economics).
Granted, he is not the most charismatic individual or politically gifted speaker... but if you haven't enough intellectual honesty and/or curiosity to listen to his entire lecture, don't take one sentence out of context and presume that you correctly comprehend it.
As a matter of fact, all you've done is hurl more ad hominem attacks. You have made NO salient points in response to anything Rothbard said... nor have you intelligently contradicted even ONE factual statement he uttered.
notorial dissent wrote: and from that perspective...
What perspective might THAT be? Bending over to pick up the wastebaskets during your midnight janitorial service at the Charles Schwab building?
notorial dissent wrote: I can say quite simply and unequivocally that you are full of it...
My... what a reasoned and fact-based argument. I'm so impressed (can you tell that
was sarcastic, wserra?)
notorial dissent wrote: Your insistence on clinging to the so called “vapor money” theory, and your delusions about how banking is carried on would be comical if they weren’t so pathetic.
If you (and several others here) had actually done your 'homework', you would already be aware that no economist, whether liberal or conservative, denies that the Fed creates money. They continue to carry on their philosophical and factual arguments concerning whether or not the creation of money (euphemism for legalized counterfeiting... and, as Rothbard also says, embezzlement of monetary wealth from the American people) is
(liberal viewpoint) or is not
(conservative viewpoint) the best and most effective economic policy. Among actual economists, there is no argument about whether or not money creation via multiple deposit creation actually takes place.
notorial dissent wrote: If you wish to worship at the feet of the great Murray, then by all means do so, however, you, and the flat earthers are in a minority status and are deservedly the objects of ridicule and scorn.
(YAWN) Another Ad hominem fallacio (you suck).
notorial dissent wrote:I really did try and listen to the boring old troll, but after about the first 30 seconds of feeling my IQ begin to whither from listening to him I gave up on it.
Are you an 'age-ist' or an 'anti-semite'? Is it the Jewish nose you didn't like? Some other ethnic feature? The fact that he was elderly?
I see...... you couldn't bear to listen to more than 30 seconds of his lecture because you didn't like his looks, or his manner of speaking... and you failed to comprehend his introductory remarks. That speaks eloquently of your intellectual honesty and qualifications as a self-proclaimed (but anonymous) expert on economics. FEH.....
notorial dissent wrote:I have a problem taking anyone seriously, when the first things out of his mouth are how he cannot understand why there should have been a shortage of specie in the colonial period when all they had to do was just buy more and that with the free market economy of the time that shouldn’t have been a problem.
You fail to recognize the wisdom of purchasing specie with paper? HA! You need to listen to more old Jews...
notorial dissent wrote: Two stupid and entirely incorrect statements at the very beginning are enough to set the tone for the rest of the drivel that is to follow.
Tell us, then, oh expert anonymous economist, from your 'perspective'.... WHY those statements were "stupid" and "entirely incorrect" so that we can become dazzled by your relative brilliance.
OMG !!!!!!! AN ANTI-SEMITE !!!!!!
notorial dissent wrote: As a cure for insomnia he may have a place in life, as an economist, I don’t think so. Better luck next time.