If the Gold standard came back ... - Page 2

Borodog · #11 10-14-2007, 05:34 PM

"Inhalation". Ahahaha. Auto-correct FTL.

Tornado69 · #12 10-15-2007, 09:02 PM

ttt

Tornado69 · #13 10-18-2007, 09:22 PM

BUMP

mjkidd · #14 10-18-2007, 09:26 PM

Dude, your house would still be worth the same as it is now. You will have one house worth of house.

superleeds · #15 10-18-2007, 09:41 PM

Most of golds value derives from the same reason the dollar bills in your pocket do.

TomCollins · #16 10-18-2007, 10:21 PM

[ 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.

Borodog · #17 10-18-2007, 10:47 PM

[ 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.

superleeds · #18 10-18-2007, 11:36 PM

[ 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.

Borodog · #19 10-19-2007, 12:44 AM

[ 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?

pvn · #20 10-19-2007, 02:34 AM

[ 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.