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To: dollarbull; wendy1946

The truth is not that gold has any intrinsic value (something known to the ancient Romans) but that that it is just plain hard work to get more of it in circulation. In contrast, a government with floating paper can just “monetize” its debt whenever it feels the need (usually often).

Why is gold better than paper? Try a thought experiment. Which is a faster way of producing dollars: Congress going out into the hills with pickaxes, or Congress going into session?

The value of gold is the same as the value of a written Constitution - in its restraint of government.


21 posted on 01/05/2011 11:41:13 PM PST by mrreaganaut (weltschmerz: the sadness one feels when contemplating how far the real world is from an ideal world.)
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To: mrreaganaut
The value of gold is the same as the value of a written Constitution - in its restraint of government.

lol. Maybe you need a better analogy. The Constitution restrains government? LoL!

37 posted on 01/06/2011 4:30:01 AM PST by Huck (Do talk radio hosts get paid extra when they use the word "impugn"? It sure seems like it.)
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