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Gold/Mining/Energy : A to Z Junior Mining Research Site
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To: Jim Willie CB who wrote (4586)5/29/2003 2:00:20 PM
From: E. Charters  Read Replies (1) of 5423
 
All true except for a few asides..

a shortage is not a shortage unless it is perceived as one..

and who cares how many dollars are out there as long as I get paid enough.. and there is no currency collapse.

Let's say that they overprint dollars. So everything goes up commensurately.. OK as long as they *double* my pay.. where does the crunch come..? in the margins.. wages don't catch up as margins ain't there with rising prices..business can't pay.. as most cash load is into government service, and taxes rise every higher to cover government overspending.. it is not ceteris paribus..

Solution.. do away with money and interest.. go back to barter.. there can be oversupply but no monetary inflation.. coinage of silver and gold for exchange.. credit notes for capital equipment that pay fixed interest rates.. People may laugh but silver and gold coin systems lasted for 100's of years without major cyclic adjustment.

EC<:-}
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