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To: yard_man who wrote (75285)3/4/2001 7:13:29 PM
From: Zeev Hed  Read Replies (2) | Respond to of 436258
 
Yes, we do see it differently, I get half as much gold for my goods and services down the road, is, IMHO, inflation, pretty soon, I'll need to give you truckloads of the same goods and services to get the same ounce of gold, and that is hyper inflation. Why it is so difficult to grasp that simple concept?

Zeev



To: yard_man who wrote (75285)3/4/2001 10:31:21 PM
From: LLCF  Read Replies (2) | Respond to of 436258
 
<Your argument is completely flawed because you rely on fiat as the ultimate measure of value, not the goods and services produced. >

Exactly... you don't eat money.

DAK



To: yard_man who wrote (75285)3/5/2001 12:31:41 AM
From: Mark Adams  Read Replies (2) | Respond to of 436258
 
How is gold different from olives?

Aren't olives fungible? Wouldn't the appreciation of olives encourage the growth of olive production?

What am I missing here?


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