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Old 10-25-2007, 11:54 AM
ianlippert ianlippert is offline
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Join Date: Apr 2005
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Default Re: Fiat money can be as good as gold, possibly better...

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eventually the gold system as we know it today and recently cracks b/c the policy needed to avoid a devaluuation (or revaluation) is the opposite of what is "needed" for the economy.


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Why exactly is inflation needed for the economy? It seems to me that it is needed politically, but much like debt its not actually needed for the economy.
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