This is absurd. "It is not saying that states can't coin money." Constitution says: "No State shall ... coin Money;" Further explained in some...
No it doesn't, when it very specifically says states CANNOT COIN MONEY, that phrase means they cannot ***demand*** anything else as payment to the...
It's like you haven't actually read it. "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal;...
Art. I Sec. 10 Cl. 1: "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures"...
Gold is just ONE of the disqualifying properties. Also included is artwork, precious stones, and evidently "more than 25 chickens"....
I love how this is a suggestion during a discussion about constitutionality. The very section of the constitution that these washingtons state...
The debt has been over 100% of total earnings and GDP before. Simply, your assertion that it cannot be repaid is opinion. I'd better leave cointalk.
Doesn't matter right, only the absolute number. Right?
You've given no such proof, only your opinion of what a particular measure means. "There is no way to pay back the debt" is pure opinion, your...
Of course there will be an effect here from European crises, that's pretty obvious, not only from financial exposure but also trade. I was...
Note: your math doesn't say what you think it says. You're posting your opinion, I'm posting mine. Also, the US is neither Greece nor Italy....
Which means what, letting everything totally collapse? That would have been better?
Convenient! You gave your opinion with numbers, I gave mine with numbers. Both are still opinions. If the debt was truly unmanageable and we had...
Don't see it. Maybe you have a custom browser that makes things up for you. My points have stayed the same. They don't lie or deceive, but doing...
I give up. This was never about "underlying statistics" or "knowledge of the data", but rather GDP-to-debt ratio was preferrable for historical...
How so? How is that a logical fallacy? That's the exact reason why using absolute measurements in economic comparisons is wrong. You're...
I was posting to make a point against all the comparisons of how $15 trillion is some kind of impossible number. It's the yearly GDP of the USA....
Proof? Mathematical formula? Link to mathematical formula or universal declaration of impossibility? Link to reasonable discussion over merits of...
Yes, slightly. Firstly, it's a comparison of current debt to 2010 GDP, and it's all a bit of an estimate anyway, and secondly even with that it's...
Just a factual note, the "latter 80s" date would only be true if you were talking about the top-rates. The only tax rate higher now than in...
Separate names with a comma.
