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To: Mark Adams who wrote (75683)3/5/2001 2:49:06 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
>>Since your expansion is either limited or more costly than it might otherwise be, your return (shareholders return) is lower, and you postpone hiring additional operators for the planned line. A smaller economic pie than might otherwise be possible.
<<

I understand the reasoning, though I disagree. I will post later on it ...

Thanks.

>>This same increase in the value of capital during times of expansion would also drive further investment in the creation of the root stock- the metals backing the currency. But that investment in creating addtional root stock doesn't feed the baby, provide clothing or shelter.
<<

This is the same thing oyu posted before and again -- you have no sense of measure to apply -- Even if gold could be mined at twice the current rate -- it would comprise very little of the overall economic activity. Until it does become significant the point is moot.