Aguilar defeats the socialist Montagne!Submitted by Pickles on Tue, 07/08/2008 - 16:54
Mike Montagne has been on the Daily Paul Forum for months trying to convince libertarians to become socialists.
Montagne observed that libertarians are generally opposed to the Fed, but that many of them are not exactly sure why.
So, in a rather bold manuever, Montagne told them that the reason for their opposition was because the Fed is "privately controlled," unlike other central banks (such as in Zimbabwe) which are directly controlled by the president. He proposes instead to print paper money and spend it directly into the economy, similar to the way the Continental Congress financed the Revolutionary War.
In another bold manuever, Montagne re-defined the word "inflation" to only apply to the Fed buying T-bills and not to them printing paper money and spending it directly into the economy, which is the essence of the Debt Virus Theory.
Of course, the real reason that libertarians oppose the Fed is because they prefer free banking to a central bank.
And, of course, anybody with any background in economics would know that printing paper money and spending it directly into the economy is inflationary, by the usual definition of the term.
On 23 June 08, Victor Aguilar posted a link to his paper, Review of Montagne's Mathematically Perfected Economy (www.axiomaticeconomics.com/perfected_economy/php) on Montagne's website at http://www.perfecteconomy.com/f/viewforum.php?f=14&sid=5ae5e... Since then, the usually verbose Montagne has been conspicuously silent.
Let's all go to Montagne's forum and rub it in! When they see their leaders in disarray, many young socialists may decide to become libertarians instead.
And, when a socialist appears on the Daily Paul peddling his Debt Virus Theory, let's shout him down with the concluding line from Aguilar's rebuttal:
The Debt Virus Theory is not worth a Continental!
Be sure to give the socialist "economist" a link to www.axiomaticeconomics.com so he can learn some real economics.