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To: Leisler
Well, it does. A ounce of 92 percent gold is always a ounce of 92 percent gold.

In that case, a $1 FRN is always a $1 FRN.

So, at least one part, one variable is fixed

If it doesn't keep prices fixed, what is it good for?

44 posted on 04/04/2011 4:17:29 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Many things go into price. Supply, demand, quality, quantity. But the value of the medium of exchange should remain the same over space and time. Something that the Federal Reserve’s notes haven’t done, despite their supposed mission, or half of it, anyways.

It’s hard to measure, price, something when the measuring units are changed all the time.


45 posted on 04/04/2011 8:27:00 PM PDT by Leisler (Our debts are someone's profit. Follow the money, the vig.....)
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