Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Leisler; DManA

Don’t expect currency to be a long-term store of value. If you want to hoard dollars, do it in an interest bearing asset or in precious metals.

Currency only needs to be a stable short-term store of value to facilitate transactions.


15 posted on 01/10/2011 8:10:45 AM PST by DannyTN
[ Post Reply | Private Reply | To 6 | View Replies ]


To: DannyTN

Price is information. Inflation/deflation corrupts the information.


18 posted on 01/10/2011 8:12:32 AM PST by DManA
[ Post Reply | Private Reply | To 15 | View Replies ]

To: DannyTN
"stable short-term store of value to facilitate transactions."

What is the politically corect time frame? Who made the state, and traders the arbiters of when, how long, how fast trades should be made? Is it any wonder, long term projects can not be economically undertaken when you are unable to plan on stable values? From the late 1700 until the beginnings of the Federal Reserve we had a stable US dollar, and with primitive finance, bad to no information, no to very poor infrastructure, we built the wealthiest nation in the world, literally from nothing. We built cities to rival anyone. From nothing. Now? We can't pour concrete. Yeah, this is working out good.

20 posted on 01/10/2011 8:17:34 AM PST by Leisler (They always lie, and have for so much and for so long, that they no longer know what about.)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson