Thanks for the *** arguments. I'll deconstruct them below:
"foreign investment in economies is a huge negative"
At ABSOLUTELY no point in my post do I EVER say this. I stated that the current foreign exchange market is extremely wasteful compared to a single monetary standard in which the resources would have otherwise been spent on goods that benefit individuals are spent on wastefully on managing an exchange market. If there were a single monetary standard, none of this waste of resources would be necessary.
"central banks (such as the RBA) have no way of distributing wealth across a nation"
Where did you even read this? Seriously WTF? Did you actually read what I wrote? In my post I not only state that THEY DO distribute the monetary supply, but I in fact analyse the incentives for their actions when they do it.
To write a post in which you compose a picture of what you wanted me to say, instead of what I actually said, is just plain cowardice.
