#11
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Re: If the Gold standard came back ...
"Inhalation". Ahahaha. Auto-correct FTL.
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#12
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Re: If the Gold standard came back ...
ttt
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#13
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Re: If the Gold standard came back ...
BUMP
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#14
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Re: If the Gold standard came back ...
Dude, your house would still be worth the same as it is now. You will have one house worth of house.
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#15
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Re: If the Gold standard came back ...
Most of golds value derives from the same reason the dollar bills in your pocket do.
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#16
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Re: If the Gold standard came back ...
[ QUOTE ]
Most of golds value derives from the same reason the dollar bills in your pocket do. [/ QUOTE ] However one has the ability to be created out of thin air, and one does not. Even if they only have value for the same reason, seems like one has a clear edge here. |
#17
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Re: If the Gold standard came back ...
[ QUOTE ]
BUMP [/ QUOTE ] Tornado, I see your bump, but I have to beg off. Have to finish cleaning up the house and get packed (my wife is driving down from DC tomorrow, but I have to be in Wilmington; doesn't that suck? [img]/images/graemlins/frown.gif[/img] ). Sorry. In lieu of me writing something, please have a listen to this scintilating lecture by Joseph Salerno about the myths of the gold standard and how it might be returned to: Video: http://mises.org/MultiMedia/video/Salerno/Salerno10.wmv Audio only: http://mises.org/MultiMedia/mp3/Salerno/10.mp3 1.5 hours. |
#18
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Re: If the Gold standard came back ...
[ QUOTE ]
However one has the ability to be created out of thin air, and one does not. Even if they only have value for the same reason, seems like one has a clear edge here. [/ QUOTE ] Correct, one does have the clear edge of being inexhaustable. |
#19
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Re: If the Gold standard came back ...
[ QUOTE ]
[ QUOTE ] However one has the ability to be created out of thin air, and one does not. Even if they only have value for the same reason, seems like one has a clear edge here. [/ QUOTE ] Correct, one does have the clear edge of being inexhaustable. [/ QUOTE ] Both are inexhaustible. Do you see why? |
#20
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Re: If the Gold standard came back ...
[ QUOTE ]
[ QUOTE ] [ QUOTE ] However one has the ability to be created out of thin air, and one does not. Even if they only have value for the same reason, seems like one has a clear edge here. [/ QUOTE ] Correct, one does have the clear edge of being inexhaustable. [/ QUOTE ] Both are inexhaustible. Do you see why? [/ QUOTE ] Wait, you mean to tell me that when I trade an ounce of gold for some other stuff, it doesn't instantly vanish into thin air? I thought conservation of mass didn't apply to money. |
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