SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Freedom Fighter who wrote (1330)2/27/1999 4:52:00 PM
From: porcupine --''''>  Read Replies (1) of 1722
 
"That means that those that get the new money first are at an advantage over those who receive it later or last in terms of purchasing power. In other words, it is a wealth transfer mechanism. Banks, brokers, and government get the new money first. It's no
wonder they love it and support it."

This is the obverse of the cross of gold problem. When fiat money is taken away, the first who will lose it were the last to get it in the first place -- the people on the bottom.

Sometimes taking from the rich can make the poor better off. But, sometimes it just makes the poor even poorer. Shrinking the money supply seems like it would have to result in the latter.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News