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Post by Art Vandelay on Jul 16, 2011 7:21:42 GMT -5
Including the extremely backwards financial system (no fiat currency, no central bank, no government mint, etc)? I don't know where Rand stood on fiat currency or minting, but the average modern libertarian certainly wants a heavy government-regulated currency through the gold standard, while also having no government regulation in currency. The currency is gold so I suppose that'd be as good as a gold standard minus government regulation. |
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Post by Amaranth on Jul 16, 2011 8:22:17 GMT -5
I don't know where Rand stood on fiat currency or minting, but the average modern libertarian certainly wants a heavy government-regulated currency through the gold standard, while also having no government regulation in currency. The currency is gold so I suppose that'd be as good as a gold standard minus government regulation. But Gold in HP is set in specific coins (Galleons), with a specific exchange rate related to Silver Sickles and Bronze Knuts. |
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Dan
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Posts: 228
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Post by Dan on Jul 16, 2011 12:42:14 GMT -5
Now there's a typo waiting to happen. |
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Post by Amaranth on Jul 16, 2011 13:59:28 GMT -5
I'd hate to be the one who asked for bronzed nuts. Especially in the Potterverse.
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Post by Art Vandelay on Jul 16, 2011 17:08:15 GMT -5
The currency is gold so I suppose that'd be as good as a gold standard minus government regulation. But Gold in HP is set in specific coins (Galleons), with a specific exchange rate related to Silver Sickles and Bronze Knuts. It's possible that the exchange rate is set by Gringotts rather than the Ministry of Magic, in which case the regulation would be coming from a private firm rather than a government body and thus would be perfectly kosher. |
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Post by DeadpanDoubter on Jul 16, 2011 18:32:51 GMT -5
But Gold in HP is set in specific coins (Galleons), with a specific exchange rate related to Silver Sickles and Bronze Knuts. It's possible that the exchange rate is set by Gringotts rather than the Ministry of Magic, in which case the regulation would be coming from a private firm rather than a government body and thus would be perfectly kosher. Why would they let goblins handle their money, though? They may be good with money, but they're greedy little basta-- oh. I see now. What were Rand's thoughts on non-human sentients, though? I mean, they're not men (and presumably women, I can't remember reading about female goblins though), they're goblins. Would she consider them beneath humans, as many wizards do? |
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Lachrymose
New Member
It tastes just like raisins.
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Post by Lachrymose on Jul 16, 2011 18:43:31 GMT -5
Albus Shrugged
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Post by DeadpanDoubter on Jul 16, 2011 18:48:38 GMT -5
"No, Snape, I don't know where you can buy more Dapper Dan."
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Post by Art Vandelay on Jul 16, 2011 18:52:14 GMT -5
It's possible that the exchange rate is set by Gringotts rather than the Ministry of Magic, in which case the regulation would be coming from a private firm rather than a government body and thus would be perfectly kosher. Why would they let goblins handle their money, though? They may be good with money, but they're greedy little basta-- oh. I see now. What were Rand's thoughts on non-human sentients, though? I mean, they're not men (and presumably women, I can't remember reading about female goblins though), they're goblins. Would she consider them beneath humans, as many wizards do? I would assume as long as they have nothing to do with the Ministry, they're cool. |
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Post by HarleyThomas1002 on Jul 16, 2011 19:30:27 GMT -5
But if they're associatiated with the Ministry they're less than human.
Keep your humanity (or whatever the mythical creature equivalent is), don't associate with the Ministry of Magic.
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Post by DeadpanDoubter on Jul 16, 2011 19:32:15 GMT -5
Are you saying that Percy became more soulless than gingers usually are when he hired on with the MOM? :3
No, I don't have anything to contribute, Ayn Rand confuses, terrifies, and angers the shit out of me.
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Post by Amaranth on Jul 16, 2011 19:43:09 GMT -5
But Gold in HP is set in specific coins (Galleons), with a specific exchange rate related to Silver Sickles and Bronze Knuts. It's possible that the exchange rate is set by Gringotts rather than the Ministry of Magic, in which case the regulation would be coming from a private firm rather than a government body and thus would be perfectly kosher. I doubt the ministry gave them more power than they had to. Remember, Fudge even went and tried to gain power over Gringotts itself. ...Or so it's said. |
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Post by Art Vandelay on Jul 17, 2011 3:19:41 GMT -5
It's possible that the exchange rate is set by Gringotts rather than the Ministry of Magic, in which case the regulation would be coming from a private firm rather than a government body and thus would be perfectly kosher. I doubt the ministry gave them more power than they had to. Remember, Fudge even went and tried to gain power over Gringotts itself. ...Or so it's said. Considering there isn't even a Ministry of Finance, much less a central bank or official mint, I'd say it's quite likely that Gringotts has an undisputed monopoly on the wizard's financial sector. Hell, if Fudge had the power to regulate it, there'd be no need to try and take over in the first place. |
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Post by ltfred on Jul 17, 2011 3:53:20 GMT -5
But if they're associatiated with the Ministry they're less than human. Keep your humanity (or whatever the mythical creature equivalent is), don't associate with the Ministry of Magic. Randroidism is basically the belief that any human activity, from outright theft to brutal murder, is perfectly acceptable*, with the sole exeption of governing. To randroids, government is the only evil human activity. *So long as it's in you self-interest. |
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Post by Amaranth on Jul 17, 2011 7:41:39 GMT -5
Considering there isn't even a Ministry of Finance, much less a central bank or official mint, I'd say it's quite likely that Gringotts has an undisputed monopoly on the wizard's financial sector. Hell, if Fudge had the power to regulate it, there'd be no need to try and take over in the first place. Well, except for wanting direct control over the institution. An instiution which guards big shiny important things....I can't think of why Fudge would want direct control over that at all if he had any finance control. The lack of a ministry of finance would seem to be more a tribute to how centralised the wizarding Government is. Everything seems relegated to a department. Unless we know for a fact that there is no regulatory department within that bloated estate, it's not really good enough to say "there's no ministry of...." Because there's no ministry of anything, except magic, and that covers pretty much everything in the HP world. |
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