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To: Mark Adams who wrote (75637)3/5/2001 2:10:09 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
If you really believe this could be a significant effect, explain. I don't get it. Gold mining, I would think, represents a very, very small part of the deployment of economic resources overall.

>>One of the things he seemed to say was that the increase in supply of gold could artificially restrain economic growth below it's sustainable level, resulting in a smaller economic pie. This must be a well known position, as I shared the same thought. This isn't an indictment of gold, just a caveat of a gold backed currency.

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