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To: Toddsterpatriot
"So we could adjust the cost of your home down 50%, if that works with the gold we have? "

I don't see where that would be a problem because everything else scales the same. The value of my home goes from 100k to 50k, but that same dollar that is now worth half as much can now buy twice as much. I'll admit I don't understand the entire argument against a gold standard, I simply don't. But if making my property worth half as many dollars means the value of the dollar is double, all things are equal... it doesn't matter. The only real question seems to be; what do we do with all of the cash in circulation... we can't simply make everyones money worth double overnight. That would be an obvious catastrophe. The printed money isn't the problem, simply trade it in.. it's all of the electronic money that is the issue. At least this is the way my simple mind understands it.

58 posted on 11/09/2010 8:13:30 AM PST by FunkyZero ("It's not about duck hunting !")
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To: FunkyZero
don't see where that would be a problem because everything else scales the same. The value of my home goes from 100k to 50k, but that same dollar that is now worth half as much can now buy twice as much.

You still owe 100K on the mortgage.

But if making my property worth half as many dollars means the value of the dollar is double, all things are equal... it doesn't matter.

The company you work for borrowed $100 million to expand production. Now all their products sell for half. Is that a problem?

59 posted on 11/09/2010 8:21:46 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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