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To: Zeev Hed who wrote (36435)7/3/1999 6:41:00 PM
From: PaulM  Respond to of 116756
 
You seem to be arguing that gold standard would cause deflation (an increase in the value of gold/money relative to other things over time), not inflation. That's an argument I've heard before in connection with the great depression.

As to whether it's better to leave the value of money in the hands of govt vs. the results technological progress, I agree that reasonable minds may differ.

Regards.





To: Zeev Hed who wrote (36435)7/3/1999 7:09:00 PM
From: Rarebird  Read Replies (1) | Respond to of 116756
 
Zeev, I think you need to look in the Mirror and look deep down into your Inner Self: You've become a Bull Market Apologist. I'm saving all your posts here and will throw them in your face as the Year Unfolds from this date, July 3, 1999. Your nothing more- though you have some good technical information- than an Apologist for the Mania.



To: Zeev Hed who wrote (36435)7/3/1999 9:39:00 PM
From: goldsnow  Read Replies (1) | Respond to of 116756
 
"too much money chases too fewer
goods">>

It is not just that...It is much worse..Money chasing useless goods..When was the last time your wife shoped? <gg> Did you pay attention to what did she buy (never mind rest assured it was not Made in USA...
The real projects...roads, factories, infrastructure..(all commodities intensive) are not even started in earnest yet..Imagine price of oil even with Caspian Sea Production when Indochina start to consume even 1/4 of world supply? which by the way would spell beginning of the end of the USA/dollar as we know....