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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (2452)10/14/2000 2:48:38 PM
From: Zeev Hed  Read Replies (1) | Respond to of 10042
 
Not the only case where dear Ayn Rand (the hero of my youth), was wrong. The fact of the matter is, gold as a monetary instrument is simply dead. The reason, as I have explained numerous time of different threads here at SI, is that tying the world economy to gold will doom the world to perpetual inflation or sub par growth, and most likely both. Do the calculation and you will find out why.

Zeev