Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (21432)	7/18/2002 9:51:16 PM
From: Maurice Winn	Read Replies (2) of 74559

Dak, you are a fool! <"The man who knows he is a fool is not such a great fool"> Printing money costs a few keystrokes and Uncle Al has to sign it. Pixels cost nearly nothing. So, unlike gold, vast value can be created at the stroke of a pen. No hard labour required, as there is with gold, which costs $200 to produce what Uncle Al can do with zero cost. Theft cannot happen. Multiple servers can track all transactions and store the records permanently. A monetary system with a production cost of $200 per $300 of value can't compete with one costing zero [or nearly zero]. Mq

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