Comments on: How Have Past Government Estimates Worked Out? http://www.onebigdog.net/how-have-past-government-estimates-worked-out/ "Let that be a lesson to you, boys and girls. Don't ever argue with the Big Dog because the Big Dog is always right" Tue, 14 Feb 2012 05:27:03 -0500 hourly 1 http://wordpress.org/?v= By: David Wozney http://www.onebigdog.net/how-have-past-government-estimates-worked-out/comment-page-1/#comment-151997 David Wozney Tue, 13 Apr 2010 19:10:50 +0000 http://www.onebigdog.net/?p=9555#comment-151997 Re: “<i>We will just print more money.</i>” If the stated value, of “Federal” Reserve notes, declines enough with respect to copper and nickel, the 1946-2009 U.S. Mint nickels, composed of cupronickel alloy, could become somewhat rare in mass circulation. The April 13th metal value of these nickels is “$0.0614575” or 122.91% of face value, according to the “United States Circulating Coinage Intrinsic Value Table” available at <a href="http://coinflation.com" rel="nofollow">Coinflation.com</a>. Re: “We will just print more money.”

If the stated value, of “Federal” Reserve notes, declines enough with respect to copper and nickel, the 1946-2009 U.S. Mint nickels, composed of cupronickel alloy, could become somewhat rare in mass circulation.

The April 13th metal value of these nickels is “$0.0614575” or 122.91% of face value, according to the “United States Circulating Coinage Intrinsic Value Table” available at Coinflation.com.

]]> By: Francis W. Porretto http://www.onebigdog.net/how-have-past-government-estimates-worked-out/comment-page-1/#comment-151955 Francis W. Porretto Tue, 13 Apr 2010 09:02:27 +0000 http://www.onebigdog.net/?p=9555#comment-151955 To expect an honest estimate from an organization with 1) obvious conflicts of interest and 2) a long history of dissimulation and deceit, which 3) does not have to submit to an independent audit by a disinterested authority, is quite obviously insane. What does that say about those of us who routinely trust such estimates? Insanity is often characterized as repeating the same behavior endlessly in the hope that the results will change. That applies all too well to persons who trust governments, bureaucrats, and politicians. To expect an honest estimate from an organization with 1) obvious conflicts of interest and 2) a long history of dissimulation and deceit, which 3) does not have to submit to an independent audit by a disinterested authority, is quite obviously insane. What does that say about those of us who routinely trust such estimates?

Insanity is often characterized as repeating the same behavior endlessly in the hope that the results will change. That applies all too well to persons who trust governments, bureaucrats, and politicians.

]]>