Re: Which currency system do you think is best?
i'd like to talk about this for a second:
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I dont like the way that last sentence is phrased. The money supply does not need to grow at all. As the demand for money rises the value of money rises which is all that is necessary. Since you said predictable though the market will make the necessary adjustments and this shouldnt be a problem.
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why do you think the money supply does not need to grow? i guess in the sense that the economy doesn't "need" to grow at a certain rate, but i think it is best htat the economy grow as best it can within certain bounds. if the price of money rises as demand for it rises, the marginal use of it will fall and the economy will not grow as it would had the money supply increased by the rate of growth of the economy (about the "band" i was talking about).
imo the money supply SHOULD grow at the rate of growth of the economy.
Barron
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