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	<title>Comments on: State GOP went with what has not worked</title>
	<atom:link href="http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/feed/" rel="self" type="application/rss+xml" />
	<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/</link>
	<description>The Wichita Eagle Editorial Department Blog</description>
	<lastBuildDate>Mon, 23 Nov 2009 05:19:52 -0600</lastBuildDate>
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		<item>
		<title>By: consequence debt national</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-305652</link>
		<dc:creator>consequence debt national</dc:creator>
		<pubDate>Sun, 02 Mar 2008 00:06:33 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-305652</guid>
		<description>&lt;strong&gt;consequence debt national...&lt;/strong&gt;

...</description>
		<content:encoded><![CDATA[<p><strong>consequence debt national&#8230;</strong></p>
<p>&#8230;</p>
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	<item>
		<title>By: women's wrestling</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-305555</link>
		<dc:creator>women's wrestling</dc:creator>
		<pubDate>Sat, 01 Mar 2008 21:07:31 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-305555</guid>
		<description>&lt;strong&gt;women&#039;s wrestling...&lt;/strong&gt;

I Googled for something completely different, but found your page...and have to say thanks. nice read....</description>
		<content:encoded><![CDATA[<p><strong>women&#8217;s wrestling&#8230;</strong></p>
<p>I Googled for something completely different, but found your page&#8230;and have to say thanks. nice read&#8230;.</p>
]]></content:encoded>
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		<title>By: Auto Financing</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-300451</link>
		<dc:creator>Auto Financing</dc:creator>
		<pubDate>Sun, 24 Feb 2008 11:36:37 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-300451</guid>
		<description>&lt;strong&gt;Auto Financing...&lt;/strong&gt;

If your brother needs a Saline , It is smooth to get an} car loan in...</description>
		<content:encoded><![CDATA[<p><strong>Auto Financing&#8230;</strong></p>
<p>If your brother needs a Saline , It is smooth to get an} car loan in&#8230;</p>
]]></content:encoded>
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	<item>
		<title>By: Eric</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-294901</link>
		<dc:creator>Eric</dc:creator>
		<pubDate>Sat, 16 Feb 2008 09:29:36 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-294901</guid>
		<description>&lt;strong&gt;Eric...&lt;/strong&gt;

To all the uninitiated out there - read this and take heed.  This is good stuff.  Thanks....</description>
		<content:encoded><![CDATA[<p><strong>Eric&#8230;</strong></p>
<p>To all the uninitiated out there &#8211; read this and take heed.  This is good stuff.  Thanks&#8230;.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Eric</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-294635</link>
		<dc:creator>Eric</dc:creator>
		<pubDate>Fri, 15 Feb 2008 21:19:19 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-294635</guid>
		<description>&lt;strong&gt;Eric...&lt;/strong&gt;

Ok, I&#039;m not in complete agreement with this, but I see your point.  Thanks for sharing....</description>
		<content:encoded><![CDATA[<p><strong>Eric&#8230;</strong></p>
<p>Ok, I&#8217;m not in complete agreement with this, but I see your point.  Thanks for sharing&#8230;.</p>
]]></content:encoded>
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		<title>By: Jack</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-294267</link>
		<dc:creator>Jack</dc:creator>
		<pubDate>Fri, 15 Feb 2008 07:01:20 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-294267</guid>
		<description>&lt;strong&gt;Jack...&lt;/strong&gt;

I love this web stuff!...</description>
		<content:encoded><![CDATA[<p><strong>Jack&#8230;</strong></p>
<p>I love this web stuff!&#8230;</p>
]]></content:encoded>
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	<item>
		<title>By: ashley massaro nude</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-293795</link>
		<dc:creator>ashley massaro nude</dc:creator>
		<pubDate>Thu, 14 Feb 2008 15:09:21 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-293795</guid>
		<description>&lt;strong&gt;ashley massaro nude...&lt;/strong&gt;

Man i just love your blog, keep the cool posts comin.....</description>
		<content:encoded><![CDATA[<p><strong>ashley massaro nude&#8230;</strong></p>
<p>Man i just love your blog, keep the cool posts comin&#8230;..</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Eric</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-293548</link>
		<dc:creator>Eric</dc:creator>
		<pubDate>Thu, 14 Feb 2008 02:12:19 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-293548</guid>
		<description>&lt;strong&gt;Eric...&lt;/strong&gt;

Thanks for this, I&#039;m writing an ebook about starting up businesses right now so this post was very informative....</description>
		<content:encoded><![CDATA[<p><strong>Eric&#8230;</strong></p>
<p>Thanks for this, I&#8217;m writing an ebook about starting up businesses right now so this post was very informative&#8230;.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: wwf wrestling action figures</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-292206</link>
		<dc:creator>wwf wrestling action figures</dc:creator>
		<pubDate>Tue, 12 Feb 2008 09:24:25 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-292206</guid>
		<description>&lt;strong&gt;wwf wrestling action figures...&lt;/strong&gt;

Man i just love your blog, keep the cool posts comin.....</description>
		<content:encoded><![CDATA[<p><strong>wwf wrestling action figures&#8230;</strong></p>
<p>Man i just love your blog, keep the cool posts comin&#8230;..</p>
]]></content:encoded>
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		<title>By: The Phantom</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286954</link>
		<dc:creator>The Phantom</dc:creator>
		<pubDate>Mon, 04 Feb 2008 13:00:24 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286954</guid>
		<description>The definition of stupid, if something doesn&#039;t work, do even more of it.</description>
		<content:encoded><![CDATA[<p>The definition of stupid, if something doesn&#8217;t work, do even more of it.</p>
]]></content:encoded>
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		<title>By: Econ101</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286809</link>
		<dc:creator>Econ101</dc:creator>
		<pubDate>Mon, 04 Feb 2008 00:27:12 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286809</guid>
		<description>I believe that the man who originally directed the film (for 2 wks) lived in Wichita for a time. He was from Hutchinson.

http://en.wikipedia.org/wiki/Richard_Thorpe

Did you know that The Wizard of of Oz was considered a flop, for some time after it was made?

Also, King Vador never got any credit, but was involved, as well:

http://en.wikipedia.org/wiki/King_Vidor

My mother used to tell me that someone involved with the screenplay, for the Wizard of Oz, lived close to Hillside and Central, where she grew up.
I forget the name, however.

No big surprise, a large number of people involved in &quot;The Wizard&quot; never got much credit for it. They did not fight very hard, for credit, since the movie lost money for a long time!</description>
		<content:encoded><![CDATA[<p>I believe that the man who originally directed the film (for 2 wks) lived in Wichita for a time. He was from Hutchinson.</p>
<p><a href="http://en.wikipedia.org/wiki/Richard_Thorpe" rel="nofollow">http://en.wikipedia.org/wiki/Richard_Thorpe</a></p>
<p>Did you know that The Wizard of of Oz was considered a flop, for some time after it was made?</p>
<p>Also, King Vador never got any credit, but was involved, as well:</p>
<p><a href="http://en.wikipedia.org/wiki/King_Vidor" rel="nofollow">http://en.wikipedia.org/wiki/King_Vidor</a></p>
<p>My mother used to tell me that someone involved with the screenplay, for the Wizard of Oz, lived close to Hillside and Central, where she grew up.<br />
I forget the name, however.</p>
<p>No big surprise, a large number of people involved in &#8220;The Wizard&#8221; never got much credit for it. They did not fight very hard, for credit, since the movie lost money for a long time!</p>
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		<title>By: Econ101</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286803</link>
		<dc:creator>Econ101</dc:creator>
		<pubDate>Sun, 03 Feb 2008 23:56:46 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286803</guid>
		<description>Hillary is an opportunist, who has given liberals what they want, when it is good for her.

Obama is a liberal, but an honest liberal.</description>
		<content:encoded><![CDATA[<p>Hillary is an opportunist, who has given liberals what they want, when it is good for her.</p>
<p>Obama is a liberal, but an honest liberal.</p>
]]></content:encoded>
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		<title>By: Ben</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286789</link>
		<dc:creator>Ben</dc:creator>
		<pubDate>Sun, 03 Feb 2008 23:17:35 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286789</guid>
		<description>By the way Paul - good to see that you agree that both Clinton and Obama are conservatives!  But, this year Nader won&#039;t even get an *.  People learned that he is really only a shill for Bush and other right-wingers.</description>
		<content:encoded><![CDATA[<p>By the way Paul &#8211; good to see that you agree that both Clinton and Obama are conservatives!  But, this year Nader won&#8217;t even get an *.  People learned that he is really only a shill for Bush and other right-wingers.</p>
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		<title>By: Ben</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286786</link>
		<dc:creator>Ben</dc:creator>
		<pubDate>Sun, 03 Feb 2008 23:15:53 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286786</guid>
		<description>Yes Paul - Bryant; on my mother&#039;s side.  And on my father&#039;s side is an author who was on Eisenhour&#039;s enemies list (Execution of Private Slovak) and absolutely despised by the KKK (The Klansman).  So, troublemaking runs deep in my family.</description>
		<content:encoded><![CDATA[<p>Yes Paul &#8211; Bryant; on my mother&#8217;s side.  And on my father&#8217;s side is an author who was on Eisenhour&#8217;s enemies list (Execution of Private Slovak) and absolutely despised by the KKK (The Klansman).  So, troublemaking runs deep in my family.</p>
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		<title>By: lindainks55</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286720</link>
		<dc:creator>lindainks55</dc:creator>
		<pubDate>Sun, 03 Feb 2008 18:11:09 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286720</guid>
		<description>Econ101 Posted February 3, 2008 at 11:42 am

Ben
RUN RALPH RUN!

----------------------------

I agree with you on this one Paul!

A man I&#039;ve known for over 25 years told me recently if the ticket is McCain vs. Obama he will vote for Obama; if the ticket is McCain vs. Clinton he will vote Independent.  I didn&#039;t know this man was even aware there were candidates without an &quot;R&quot; beside their name, at least not any worthy of mentioning in polite company.  I don&#039;t have the proper words to tell you are partisan he is!

So I repeat your mantra!

RUN RALPH RUN!</description>
		<content:encoded><![CDATA[<p>Econ101 Posted February 3, 2008 at 11:42 am</p>
<p>Ben<br />
RUN RALPH RUN!</p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-</p>
<p>I agree with you on this one Paul!</p>
<p>A man I&#8217;ve known for over 25 years told me recently if the ticket is McCain vs. Obama he will vote for Obama; if the ticket is McCain vs. Clinton he will vote Independent.  I didn&#8217;t know this man was even aware there were candidates without an &#8220;R&#8221; beside their name, at least not any worthy of mentioning in polite company.  I don&#8217;t have the proper words to tell you are partisan he is!</p>
<p>So I repeat your mantra!</p>
<p>RUN RALPH RUN!</p>
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		<title>By: Pedant</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286717</link>
		<dc:creator>Pedant</dc:creator>
		<pubDate>Sun, 03 Feb 2008 17:57:35 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286717</guid>
		<description>Ben, in L Frank Baum&#039;s novel Dorothy&#039;s slippers were made of silver, not ruby.

By the way, in the original The Scarecrow represented US farmers, who wanted dollars denominated in silver instead of gold (the change would have reduced the balance of their loans to banks, since as gold appreciated in price so did the amount of their loans).

The Scarecrow needed brains because, according to some, farmers were too stupid to realize that non-fiat moneys, especially those backed by a promise of a precious metal like gold or silver, are subject to de facto inflation.  That is, as more gold (or whatever) is discovered, the less current stocks are valued.  So if today say a Troy ounce of gold is equivalent to $1,000, then tomorrow if a huge gold mine were opened it then tomorrow you could buy the same ounce for something less than $1,000.  

This is the biggest reason any &quot;return to the gold standard&quot; candidate is called a screwball, btw.  Rightfully so, too.</description>
		<content:encoded><![CDATA[<p>Ben, in L Frank Baum&#8217;s novel Dorothy&#8217;s slippers were made of silver, not ruby.</p>
<p>By the way, in the original The Scarecrow represented US farmers, who wanted dollars denominated in silver instead of gold (the change would have reduced the balance of their loans to banks, since as gold appreciated in price so did the amount of their loans).</p>
<p>The Scarecrow needed brains because, according to some, farmers were too stupid to realize that non-fiat moneys, especially those backed by a promise of a precious metal like gold or silver, are subject to de facto inflation.  That is, as more gold (or whatever) is discovered, the less current stocks are valued.  So if today say a Troy ounce of gold is equivalent to $1,000, then tomorrow if a huge gold mine were opened it then tomorrow you could buy the same ounce for something less than $1,000.  </p>
<p>This is the biggest reason any &#8220;return to the gold standard&#8221; candidate is called a screwball, btw.  Rightfully so, too.</p>
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		<title>By: Econ101</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286715</link>
		<dc:creator>Econ101</dc:creator>
		<pubDate>Sun, 03 Feb 2008 17:45:25 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286715</guid>
		<description>Ben

&quot;Cross of Gold&quot; ?? Surely that speech was not by someone related to you?

William Jennings Bryant? 

Yes, Wizard of Os was about ag/industrial/monetary issues.

I always thought the &quot;flying monkeys&quot; were Democrats and the Witch was the foreign powers that Democrats want to please!

Just kidding! Lighten up!</description>
		<content:encoded><![CDATA[<p>Ben</p>
<p>&#8220;Cross of Gold&#8221; ?? Surely that speech was not by someone related to you?</p>
<p>William Jennings Bryant? </p>
<p>Yes, Wizard of Os was about ag/industrial/monetary issues.</p>
<p>I always thought the &#8220;flying monkeys&#8221; were Democrats and the Witch was the foreign powers that Democrats want to please!</p>
<p>Just kidding! Lighten up!</p>
]]></content:encoded>
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		<title>By: Econ101</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286714</link>
		<dc:creator>Econ101</dc:creator>
		<pubDate>Sun, 03 Feb 2008 17:42:22 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286714</guid>
		<description>Ben
RUN RALPH RUN!</description>
		<content:encoded><![CDATA[<p>Ben<br />
RUN RALPH RUN!</p>
]]></content:encoded>
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		<title>By: Ben</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286686</link>
		<dc:creator>Ben</dc:creator>
		<pubDate>Sun, 03 Feb 2008 16:35:15 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286686</guid>
		<description>Paul - I would add that BOTH Clinton and Obama are considered to be CONSERVATIVES.

By Ralph Nader ...</description>
		<content:encoded><![CDATA[<p>Paul &#8211; I would add that BOTH Clinton and Obama are considered to be CONSERVATIVES.</p>
<p>By Ralph Nader &#8230;</p>
]]></content:encoded>
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		<title>By: Ben</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286661</link>
		<dc:creator>Ben</dc:creator>
		<pubDate>Sun, 03 Feb 2008 15:15:11 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286661</guid>
		<description>McCain, a candidate nearly certain to get the NRA and Right to Life endorsements, is considered the liberal candidate&quot;

Only by the Right-wing extremists.  Not by anyone else.

As for gold standard - I agree with you Paul.  Interesting that it was a reletive of mine who campaigned long ago to get the US OFF of the gold standard to get the economy moving again.  Obviously that was long ago - and the original Wizard of Oz book related to that story.  In the book Dorothy&#039;s slippers were not ruby.  Anyone know what they were?</description>
		<content:encoded><![CDATA[<p>McCain, a candidate nearly certain to get the NRA and Right to Life endorsements, is considered the liberal candidate&#8221;</p>
<p>Only by the Right-wing extremists.  Not by anyone else.</p>
<p>As for gold standard &#8211; I agree with you Paul.  Interesting that it was a reletive of mine who campaigned long ago to get the US OFF of the gold standard to get the economy moving again.  Obviously that was long ago &#8211; and the original Wizard of Oz book related to that story.  In the book Dorothy&#8217;s slippers were not ruby.  Anyone know what they were?</p>
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		<title>By: Writerdog</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286585</link>
		<dc:creator>Writerdog</dc:creator>
		<pubDate>Sun, 03 Feb 2008 06:40:55 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286585</guid>
		<description>Doug now you are just trying to scare everyone! :&gt;</description>
		<content:encoded><![CDATA[<p>Doug now you are just trying to scare everyone! :&gt;</p>
]]></content:encoded>
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		<title>By: Doug</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286584</link>
		<dc:creator>Doug</dc:creator>
		<pubDate>Sun, 03 Feb 2008 06:27:22 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286584</guid>
		<description>Actually Ron Paul has a good chance of carrying Maine, but that&#039;s about it.  The most he can hope for is becoming a VP candidate if McCain wins since McCain will need his cash (or he may just choose Romney who provides his own).</description>
		<content:encoded><![CDATA[<p>Actually Ron Paul has a good chance of carrying Maine, but that&#8217;s about it.  The most he can hope for is becoming a VP candidate if McCain wins since McCain will need his cash (or he may just choose Romney who provides his own).</p>
]]></content:encoded>
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		<title>By: Writerdog</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286540</link>
		<dc:creator>Writerdog</dc:creator>
		<pubDate>Sun, 03 Feb 2008 03:51:21 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286540</guid>
		<description>I guess I am a Gold bug too, Econ101 at present how is the value of the U.S. Dollar established? 
It is subjective right, the dollar is given a value that is not based on anything that actual gives it value. It is not back by a proven standard. Both Gold and the US, Dollar is subject to the market. The difference is that Gold has a universal value established by a worldwide market. While the Dollar’s value is established by the value put on it solely as a marker with nothing to back it except for the word of the U.S. Government.
Much like the Confederate dollar during the Civil war. Once the Government backing the paper money fails to back it. You end up with a hand full of toilet paper. 

The up side of that current system is that our dollar can have whatever value is subjectively put on it.
As to the value of the item you are buying it with. That means you can one day get five dollars for the item today and twenty dollars tomorrow. It is a sale-ers market, as such the value of the dollar is based on what the sale-er sets it at. The down side is that because the value is subjective the item that is worth twenty dollars today, tomorrow can be worth five dollars. 

The up side of the Gold standard is that the value is more stable and its fluxes at a slower process and is not subject to a dramatic change over a shorter period of time. The down side is that it actually limits the number of dollars available. Otherwise saying that any U.S. currency held by a foreign investor is no longer within the U.S. and is subject to a calling for the gold backing it. Now if they call under our current system they end up with the above mention hand full of toilet paper.  

You pointed out that in the possibility of a complete failure that Gold maybe the only valuable substance left and that is pessimistic. But if the mad Max end does not come the dollar would still have a real value to it. One that is solid and has establishes value and a real backing worldwide.</description>
		<content:encoded><![CDATA[<p>I guess I am a Gold bug too, Econ101 at present how is the value of the U.S. Dollar established?<br />
It is subjective right, the dollar is given a value that is not based on anything that actual gives it value. It is not back by a proven standard. Both Gold and the US, Dollar is subject to the market. The difference is that Gold has a universal value established by a worldwide market. While the Dollar’s value is established by the value put on it solely as a marker with nothing to back it except for the word of the U.S. Government.<br />
Much like the Confederate dollar during the Civil war. Once the Government backing the paper money fails to back it. You end up with a hand full of toilet paper. </p>
<p>The up side of that current system is that our dollar can have whatever value is subjectively put on it.<br />
As to the value of the item you are buying it with. That means you can one day get five dollars for the item today and twenty dollars tomorrow. It is a sale-ers market, as such the value of the dollar is based on what the sale-er sets it at. The down side is that because the value is subjective the item that is worth twenty dollars today, tomorrow can be worth five dollars. </p>
<p>The up side of the Gold standard is that the value is more stable and its fluxes at a slower process and is not subject to a dramatic change over a shorter period of time. The down side is that it actually limits the number of dollars available. Otherwise saying that any U.S. currency held by a foreign investor is no longer within the U.S. and is subject to a calling for the gold backing it. Now if they call under our current system they end up with the above mention hand full of toilet paper.  </p>
<p>You pointed out that in the possibility of a complete failure that Gold maybe the only valuable substance left and that is pessimistic. But if the mad Max end does not come the dollar would still have a real value to it. One that is solid and has establishes value and a real backing worldwide.</p>
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		<title>By: Econ101</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286515</link>
		<dc:creator>Econ101</dc:creator>
		<pubDate>Sun, 03 Feb 2008 00:39:53 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286515</guid>
		<description>McCain does NOT have those endorsements now, by the way.
And He will not get them, unless and until he wins the primary.
I am still pulling for Romney!</description>
		<content:encoded><![CDATA[<p>McCain does NOT have those endorsements now, by the way.<br />
And He will not get them, unless and until he wins the primary.<br />
I am still pulling for Romney!</p>
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		<title>By: Econ101</title>
		<link>http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286511</link>
		<dc:creator>Econ101</dc:creator>
		<pubDate>Sun, 03 Feb 2008 00:25:50 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.kansas.com/weblog/2008/02/state-gop-went-with-what-has-not-worked/#comment-286511</guid>
		<description>White Elephant

George Herbert Walker Bush used to be pro-choice and changed his mind.

I do not think that Romney is &quot;pandering&quot;.

Also, take a hard look at how McCain is tacking RIGHT right now.

I take pride in the fact that McCain, a candidate nearly certain to get the NRA and Right to Life endorsements, is considered the liberal candidate.

That speaks volumes about the success of the conservative activists in this country.</description>
		<content:encoded><![CDATA[<p>White Elephant</p>
<p>George Herbert Walker Bush used to be pro-choice and changed his mind.</p>
<p>I do not think that Romney is &#8220;pandering&#8221;.</p>
<p>Also, take a hard look at how McCain is tacking RIGHT right now.</p>
<p>I take pride in the fact that McCain, a candidate nearly certain to get the NRA and Right to Life endorsements, is considered the liberal candidate.</p>
<p>That speaks volumes about the success of the conservative activists in this country.</p>
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