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To: richalessi
I’m not sure from your response if you agree or disagree.

I disagree that we had price stability under the gold standard.

74 posted on 07/19/2007 11:02:50 AM PDT by Toddsterpatriot (Why are protectionists, FairTaxers and goldbugs so bad at math?)
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To: Toddsterpatriot

Where did I say there was price stability under a gold standard. What I did was explain to you why there was inflation and deflation under the gold standard (i.e. fractional reserve lending).


75 posted on 07/19/2007 11:04:15 AM PDT by richalessi
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