Tippet, "A currency buying more goods as time wears" , gee, that what we had in the early thirties, I think that was termed for a strange reason "deflation". Last I check, deflation is most usually associated with economic contraction (and massive misery), is it not a little "silly" to characterize as "it can be healthy and in no way implies a contraction is taking place."? I am trying to use your own words to describe the results of application of the currency you suggest, in practice, most people will simply say, ten years ago, I needed 100 bushels of corn to get an ounce of gold, gee now I need 1000 bushels to get same lousy ounce of gold, gosh, did the price of gold and anything made of gold go up.
Zeev |
