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To: PGR88

Again, either fixing or doing away with the fed (in favor of a computer that calculates monetary growth based on a set standard) and a “hard” money standard would be a great economic boon, but is is not sufficient.

As long as the feds feel free to run roughshod over our constitutional freedoms, America as a free country remains in great peril.


17 posted on 11/28/2015 10:43:33 AM PST by Jim W N
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To: Jim 0216
(in favor of a computer that calculates monetary growth based on a set standard)

The idea that the monetary base needs to "grow" with the economy is a falsehood. There is no reason for it whatsoever. Given constant productivity and technological growth, with a hard currency, consumer prices would decline, and the value of real wages and savings would increase. Savings would actually be "savings" that maintained or grew in value.

This is a great good and absolute benefit to the working and saving classes. Federal Reserve money printing and debt creation is part of the reason real wages have stagnated over the last 40 years.

22 posted on 11/28/2015 10:55:33 AM PST by PGR88
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