Why not Gold? (user search)
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  Why not Gold? (search mode)
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Author Topic: Why not Gold?  (Read 1774 times)
JSojourner
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Posts: 11,512
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« on: May 05, 2009, 09:32:45 PM »
Quote from: Senator PiT on May 05, 2009, 12:19:36 PM
Quote from: Lewis Malthus on May 05, 2009, 10:21:45 AM
Gold is a good idea to prevent excessive inflation and inflationary booms.

     It definitely has its merits. The main problem with it though is that gold is too rare, so that backing our money with gold would cause a huge economic retraction. Still, I think we should definitely look into backing our money with something.

I vote for Virginia ham.
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