danoking69 (December 31, 1969 at 5:59 pm)

Sharing and Exposing Truth, Corruption and Dreams. Take Action!!

commodore256 (December 31, 1969 at 5:59 pm)

I remember that episode. Sometimes when I think of inflation, I think of this episode.

areitu (December 31, 1969 at 5:59 pm)

If all prices are down, a dollar goes further but they still make less money, and the farmer wont have the credit to buy another farm if they default. Farms borrow on the assumption their goods are worth X-amount in the future. If deflation happens even just slightly, the farmer can be put in a tough spot, like people with ARMs: They can afford it, but just barely. HOWEVER, I didn't say we a central bank or the Fed is needed. In/Deflation can happen under any econ policy, free market or not.

Wittmann73 (December 31, 1969 at 5:59 pm)

that should teach you, Bernake!

sandman4224 (December 31, 1969 at 5:59 pm)

Poor example. With deflation all prices go down so your money goes farther. The 100K was an inflated price to begin with and may be only worth 50K. Does the bank want to lose that much leverage? No. It will restructure the loan or take the loss. The farmer can just buy another farm for the new price. Let the free market determine that and not central banks. End the FED!!!

andyzohoury (December 31, 1969 at 5:59 pm)

Apparently our leaders dont watch Ducktales... Oh wait, that right, they are doing this on PURPOSE. The FED is not part of the gov, they are an independent bank that loans money out to the gov and other big companies. They control the value of the money and hence they control AMERICA and every aspect of our lives. We are slaves to the banking corporations of this world...Do some research on what Ron Paul as to say, and watch the Zeitgeist movie. ZEITGEIST explains a lot about the FED...

areitu (December 31, 1969 at 5:59 pm)

Too bad I can't thumbs up this comment (it doesn't give me the option). My series of comments were meant to point out the extreme opposite of hyperinflation, something that doesn't get talked about much. I hope my point was conveyed without any attachment of ill will or sarcasm.

prattleon (December 31, 1969 at 5:59 pm)

ah yes...i hear ya. you can always look for the original episode. it's called "dough ray me."

spamdude1 (December 31, 1969 at 5:59 pm)

The comment added about the fraudulent monetary system in the video. I was saying that would make it too controversial to use the clip in school.

prattleon (December 31, 1969 at 5:59 pm)

economic freedom requires a currency that is determined by the market. it doesn't have to be gold or silver.