To: Oatka
I always got a kick out of the "can't use gold as money as it's too scarce" argument. Like any other natural resource, it was only scarce at the fixed price. One it was free to reach it's current value, it was amazing to see how much gold was found.So when the economy grows by 4% we'll find 4% more gold?
62 posted on
12/09/2005 11:11:14 AM PST by
Toddsterpatriot
(The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
To: Toddsterpatriot
So when the economy grows by 4% we'll find 4% more gold? So when some politically motivated bureaucrat uses flawed econometrics to inaccurately measure a nebulous phenomenon he will only increase the money supply (which they now refuse to report) by that amount?
66 posted on
12/09/2005 12:55:58 PM PST by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: Toddsterpatriot
The amount of gold has nothing to do with economic growth. You still have a mental block about that.
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