Re: Fiat money can be as good as gold, possibly better...
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But the same monetary mechanisms that we supposedly need to limit the damage of recessions and "clear out things in an orderly fashion" are the exact reason those poor investments came into existence in the first place.
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i understand that...but i didn't comment on that. i specifically stated what i did in the way i did (in terms of the fixed money supply when the economy has slowed) because it is what i know and can prove.
Barron
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