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To: getsoutalive
There is no problem in business adjusting for slightly lower prices over an extended period of time.

Would a new gold standard cause slightly lower prices over an extended period?

We had a stable money supply for 100+ years during the "pure chaos of the pre-WWI gold standard"

You have any back up for this claim?

Each newly created dollar makes each existing dollar worth just a little bit less.

Not necessarily.

176 posted on 12/12/2005 9:35:41 AM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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To: Toddsterpatriot
We had a stable money supply for 100+ years ...   ...You have any back up for this claim?

Maybe we need to step back and see this from getuso's point of view.  Imagine for minute if you were the one who had to explain to the wife just why it is that the family's life savings just got spent on a stack of gold coins.  I mean, wouldn't you be making up numbers like crazy too?

179 posted on 12/12/2005 10:02:16 AM PST by expat_panama
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