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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (42986)9/10/2002 3:01:49 AM
From: Hawkmoon  Read Replies (1) | Respond to of 281500
 
He doesn't believe that anything but precious metal (gold) is money. He thinks paper money is the root of all evil.

Whether printing money at the Fed, or mining a shiny yellow metal from the ground....It's all the same. Money is an arbitrary representation of man's perception of value.

Except that there's no guarantee that the available supply of gold will meet the ability of society to take on and service credit.

Hawk