Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (93292)	11/27/2001 6:37:06 PM
From: Bilow	Respond to of 132070

Hi Don Lloyd; The requirement for a monetary standard that I failed to list was: (5) It has to be very stable. And that reason is that our discussing alternatives to the one we have is a waste of time. Until this one is broke beyond redemption (and that fact is obvious to a solid majority of the world), we're stuck with the one we have. I don't have any great issues with the one we have. The world has never seen better times for humans. Health, wealth and peace, we've never had it anywhere near this good ever before. In fact, *times are so good that I would hesitate before replacing the system with any other.* Even the gold standard, which seemed to me to work fine, and is preferable for theoretical reasons, isn't a change worth exploring. -- Carl P.S. Ask me about alternative monetary standards in 18 months, once we've started to slide down into the second great depression.