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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Its not so much that you need inflation, its more that you really want to avoid deflation. All sorts of nasty things arise out of that.
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