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#23
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[ QUOTE ] The "gold standard" was abandoned because the gold supply does not grow at a fast enough pace to keep up with the growth of the economy. It is therefore inherently deflationary, and economically unsustainable. q/q [/ QUOTE ] At this point I think I'd probably rather see deflation than inflation for a while. Why is deflation more evil than inflation? [/ QUOTE ] John, Check the link I posted earlier on in this thread, it addresses this issue. |
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