Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (4459)	6/7/2001 7:13:59 PM
From: LLCF	Read Replies (1) of 74559

<Now this, please forgive me for my rudeness, which is not directed towards you but to Rothbard, is ludicrous. > I suppose you thought about it more thuroughly than Rothbard??? NOT! Your whole rant makes no sense IMO. You forget that as wages are cut the new lower wage has in reality lost no purchasing power because all other prices have also fallen... WTF?? So you would now have 1/4 cent pieces and 1/100 cent pieces in circulation... get it??? It is the exact flip side of what we have... ie. pennies being worthless and everyone walking around with a grand in his wallet. DAK

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