Yeah that's right. Tell me, what has had value for thousands of years. I guess that preferring a metal that has had value for thousands of years and will have value as far as we can tell for thousands more, over a piece of paper that politicians can print pretty much at will, makes hima loon.
Inflation is necessary for the proper functioning of the economy. You may be scared to death of inflation, but if it did not exist, peoples' natural tendency to save would act like brakes to slow down commerce activity. Nobody thinks that hyperinflation is a good idea, and the federal reserve does a really good job of preventing it. But inflation that varies between 0% - 5% per annum helps to encourage people to invest now rather than sit on piles of money that do nobody any good.
How can you be sure this is correct? A pile of money sitting on the ground all year long does nobody any good. Its net value to the economy is zero. Whether that money is paper or gold, it accomplishes nothing. On the other hand, a pile of money that is used as tender to exchange value between people lots of times generates tons of activity; it enables people to work, to feed their families, to buy entertainment, to do pretty much anything. Part of the reason the American economy is so huge and other countries' economies are so small is that America has lots of transactions that multiply the value of the currency that is in circulation.
Don't be scared of "politicians printing money". You should be much more scared about what will happen when people realize that gold is getting scarce and they should just buy it and sit on it and never spend it.
TY, I learned a new word. He thinks that we have laws for immigration that should be followed and that the current immigration process should be streamlined. I guess that's xenophobia? lol
America's immigration laws are self-defined. We wrote them, so we decide what is legal and what is illegal. It's purely a farce to say "This kind of immigration is illegal so they shouldn't do it." The opposite is true: we didn't want it to happen, so we made it illegal. Laws preventing people from migrating to America are a recent invention, and frankly they're doing more harm than good.
There are tons of talented people all around the world who wish they could live in America and start businesses and buy houses. We have lots of unemployed people who would love to work for a talented Chinese scientist or Indian doctor. We have tons of empty houses and it would be really neat if enterprising Latin Americans bought these homes and occupied them. Why aren't we willing to change our immigration laws to encourage people to immigrate?