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Politics : High Tolerance Plasticity
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To: William JH who wrote (10626)11/21/2001 1:36:06 AM
From: Raymond Duray  Read Replies (1) of 23153
 
But Sir William,

In the days of yore, when tulips were abloom in Amsterdam, or when the Mississippi and South Seas Bubbles percolated out of the realms on both sides of the Channel, twas gold that anchored the currency. Though not as forcefully as some arch-neanderthal shiny metal types might like.

In tulips, it was the derivatives trade that destroyed the knave, much like those who hitched their hopes to a Leonid like Enron today. And in the case of Harley or John Law, twas true, fiat money was indeed implicated, though human nature was more to be blamed. Greed is a wonderful thing. It motivates the most asinine behavior in every age.

But can we say that some non-corroding hunk of metal is the end all and the be all of exchange? That seems hardly a conclusion worth making. Unless you're a jeweler in Uttar Pradesh.

-R.
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