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Mercer

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Mercer last won the day on December 5

Mercer had the most liked content!

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1,551 Someone you can trust to help bury a body in the woods

About Mercer

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  1. Mercer

    RIP SWAMPFIGHTONER

    Damn, R.I.P. Swampfightoner. He was just on here catching up, apparently got out after doing a bid for a minute.
  2. Mercer

    How can I keep up with dank memes?

    So apparently there's 3 types of negaprops now, middle finger, garbage, and upside down trophy is the official "negaprops". A bloody tampon icon would be more fitting than an upside down trophy. If I made one could we replace the trophy with a tampon?
  3. Mercer

    Cryptocurrency

    Continuation: The most famous runaway inflation was the German experience of 1923. It is particularly instructive because it took place in one of the world’s most advanced industrial countries.130 The chaotic events of the German hyperinflation and other accelerated booms, however, are only a pale shadow of what would happen under a World State inflation. For Germany was able to recover and return to a full monetary market economy quickly, since it could institute a new currency based on exchanges with other pre-existing moneys (gold or foreign paper). As we have seen, however, Mises’ regression theorem shows that no money can be established on the market except as it can be exchanged for a previously existing money (which in turn must have ultimately related back to a commodity in barter). If a World State outlaws gold and silver and establishes a unitary fiat money, which it proceeds to inflate until a runaway boom destroys it, there will be no pre-existing money on the market. The task of reconstruction will then be enormously more difficult. - Murray N. Rothbard Man, Economy, and State
  4. Mercer

    Cryptocurrency

    Eventually, the public begins to realize what is taking place. It seems that the government is attempting to use inflation as a permanent form of taxation. But the public has a weapon to combat this depredation. Once people realize that the government will continue to inflate, and therefore that prices will continue to rise, they will step up their purchases of goods. For they will realize that they are gaining by buying now, instead of waiting until a future date when the value of the monetary unit will be lower and prices higher. In other words, the social demand for money falls, and prices now begin to rise more rapidly than the increase in the supply of money. When this happens, the confiscation by the government, or the “taxation” effect of inflation, will be lower than the government had expected, for the increased money will be reduced in purchasing power by the greater rise in prices. This stage of the inflation is the beginning of hyperinflation, of the runaway boom. The lower demand for money allows fewer resources to be extracted by the government, but the government can still obtain resources so long as the market continues to use the money. The accelerated price rise will, in fact, lead to complaints of a “scarcity of money” and stimulate the government to greater efforts of inflation, thereby causing even more accelerated price increases. This process will not continue long, however. As the rise in prices continues, the public begins a “flight from money,” getting rid of money as soon as possible in order to invest in real goods, almost any real goods, as a store of value for the future. This mad scramble away from money, lowering the demand for money to hold practically to zero, causes prices to rise upward in astronomical proportions. The value of the monetary unit falls practically to zero. The devastation and havoc that the runaway boom causes among the populace is enormous. The relatively fixed-income groups are wiped out. Production declines drastically (sending up prices further), as people lose the incentive to work—since they must spend much of their time getting rid of money. The main desideratum becomes getting hold of real goods, whatever they may be, and spending money as soon as received. When this runaway stage is reached, the economy in effect breaks down, the market is virtually ended, and society reverts to a state of virtual barter and complete impoverishment. Commodities are then slowly built up as media of exchange. The public has rid itself of the inflation burden by its ultimate weapon: lowering the demand for money to such an extent that the government’s money has become worthless. When all other limits and forms of persuasion fail, this is the only way through chaos and economic breakdown for the people to force a return to the “hard” commodity money of the free market. - Murray N. Rothbard Man, Economy, and State
  5. Mercer

    Soho Fingerbang battle 2018

    I have this problem where when suburban dudes pull that storm up to your face and get chest to chest I interpret that as the aggression required to provoke a physical response. These dudes were apparently acting for a fake viral video, but the first dudes finger would have been close enough to my face to get me arrested again.
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