Im sorry but US imperialists would not allow this to happen!

Heh, your sad Justinian

1) drop 1/2 to 3/4 of regulations
2) Flat Tax or Fair Tax
3) No Capital Gains tax
4) 15% Corporate tax
5) Drill
6) Dump 3/4 to 7/8 of the Social Policies

You would see a Golden Age unparralled, with no Prostitution or drugs, no breaking alliances, and probably a 50% increase in military spending to boot.

How about this:

1. Public Social Security, and keep all government pension payments.  Scale-back the public service, including the military and the police.
2. Universal state funded public education up to the doctorate level; provide grants / tax credits to parents who home school their kids.
3. Base student pensions on merit and income: monthly pension to those students from low-income backgrounds who have merit.
4. Eliminate private health care and institute universal public health care system.
5. Increase unemployment benefits; provide housing, education, and a pension for those who wish to retrain in order to participate in the economy.
6. Declare the Transnational Corporate ELITE as not a protected class.
7. Permit employees to hire/fire their bosses at will; have unemployment benefits fund forced buyouts by employees who wish to do so. Allow for the immediate confiscation and liquidation of assets of those companies which by order of executives / board of directors / owners commit unethical and unlawful schemes / creates products which result in negative sociological effects on society.
8. Raise the minimum wage to a liveable wage, one that affords basic needs: one in which OWNERSHIP of land and housing WITHOUT A MORTGAGE is feasible with 1 year of saving.
9. Regulate and control drugs and prostitution so as to eliminate the criminal element in such "industries".
10. Tax only corporate profits, capital gains, property, and probate, and set income taxes to 0% for all income under ~$100,000.
11. Undo the banks' monopoly on currency and lending; tax the !@$@ out of them; use their office towers for public housing.  Allow for p2p credit system whereby anyone can lend anything to anyone at the interest rate they agree on.
12. Cut the banks' lending rates to 0% - that way they'll be out of business in less than a decade.
13. Float the dollar, along with every other currency, by allowing ANY currency a consumer wishes to conduct exchanges in to be valid.
14. Ban the combustion engine and force auto manufactures to build electric cars.
15. End the war on terror, downsize the military to $100 million, terminate our alliances with the transnational corporate elite.

> Zarf BeebleBrix wrote:

> How about everyone who's throwing out their generalized methods of fixing the economy actually justify their arguments and dispute other people's arguments, rather than just constructing giant economic wish lists?>

Can I quote from my Economics textbook?

xeno syndicated is arguing for a state like North Korea. That's not a "fix" buddy, that's promising everything to everybody and ending up with starvation and poverty because you can't even make enough food to go around, let alone education and healthcare.

Thank you for openly stating your communist beliefs. It was awkward seeing you post them repeatedly while denying that the term applied to you. Here, at last, an open admission that you advocate tyranny and slavery, and that you hate free markets and free people.

"This one I think is the easiest one to start with.  Let's say I go to a local fast food joint to get a burger, intending to pay with either Zimbabwean franks OR perhaps concentrated orange juice futures credits...."

hahhahahahahhahahahhahaha! Oh my god. Funniest trolling ever. I can hardly respond because I can't stop laughing. What about the fact that the burger shack employees don't know anything about the value of Zimbabwean (HAHAHHAHAHA you must have NO idea what's happened to their currency!) currency or concentrated orange juice futures markets? It'd be economic chaos. Nobody would be dumb enough to use such a system. The valuations of all of these assets would be constantly in flux, ruining people's fortunes at the ebb and flow of the market. Nobody can keep up with all developments in all industries in a real-time basis, so your proposals would beg for rampant abuse across all sectors at all times, as everyone with inside info ditched assets about to fall in value and gobbled up assets about to rise in value. You're proposing insider-trading be increased exponentially, risking harm not only to markets and investors but ALL members of society. That sounds just.

I'd respond to your other 14 "points," but the trolling is too obvious at this point to continue my exercises in patience at this time.

Troll better plz. You're being lazy.

This topic is obviously not a strong suit for me. Though I can trade stocks and options on my smartphone (I usually use my computer. 24" widescreen is much easier to view!), that's mostly based on data analysis. I obviously don't day-trade in currencies. Or in currencies at all. Unfortunately there don't seem to be more knowledgeable people available, so I'll go ahead and embarrass myself. I can't do worse than the troll.

"Would currency fluctuations exist in a world where all currencies are perfectly interchangeable?"

The point I would have been more clear on, if the trolling wasn't really stupid, was that there are reasons we use currencies. There are a limited number of currencies and the governments responsible for their printing can protect their values (or not). Compared to using ANY and ALL assets as currencies, traditional currencies are ridiculously stable. The point is that using all assets as currencies would harm people not choosing to engage in the market and subject them to market forces. Currencies are relatively stable (more stable if the people elect representatives who protect them) and do not subject people's well-being to these forces. What was proposed would harm the crap out of people.

"So if currency values would no longer be based on a nation's total consumption and production of goods and services...."

This isn't the sole source of currency values at present--which finally answers your previous question. Currency markets are already elastic to a great extent now; they're pretty damn exchangeable. Fluctuations will always exist because governments will always steal from their people/holders of their currencies and print more money to pay for their massive deficits.

I won't debate "normal societal inflationary needs."

Government printing money. Like Zimbabwe. Like Germany. Like Amerika today.

When you mention Zimbabwe, remember that currency valuations are always a process. Many sellers in the US would be hurt accepting Zimbabwe currency before the downward cycle was obvious. Buyers would similarly be hurt, unknowingly buying with a currency about to increase in value. An obvious measure would be to only deal in certain currencies: But this completely obliterates the troll's suggestion.

I'm not inherently against private currencies. But what the troll suggested is ludicrous and would either result in chaos, or nobody would take part and it wouldn't result at all. He obviously advocates government force demanding all sellers accept all currencies, so he'd choose absolute chaos and harm.

When you buy things with your credit card, you have to pay that money back (obviously). You can then choose what currency you wish to pay the credit card.

> V.Kemp wrote:

> Macro events like the discovery/utilization of resources are less direct. I'm a noob on the subject. If you would like to introduce other mechanics than government printing, feel free.

That's the interesting thing.  Resource discoveries are only important if the currency is required to obtain the resources.  So if I must use dollars to obtain a particular newly discovered resource, the value of the dollar is going to increase due to demand for dollars.  But if there is no required currency to obtain that resource, there would be no net currency value effect.

> Einstein wrote:

>and probably a 50% increase in military spending to boot.

This is not a positive thing...

What was the mechanism by which there would be "no Prostitution or drugs," Einstein?

this is already the case, if he can find a buyer/seller to go along with it you can barter with anything you want. There are companies out there that offer barter units and such too

> xeno syndicated wrote:

> How about this:

13. Float the dollar, along with every other currency, by allowing ANY currency a consumer wishes to conduct exchanges in to be valid.