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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (631)2/5/2003 6:39:15 PM
From: yard_man  Read Replies (1) | Respond to of 1210
 
like I said >>by itself<< !!

there was a period of slowing economic activity in the late 1800's where the economic decline measured in output was not severe but the price declines were -- increased standard of living outweighed the negatives.

A steady monetary base would result in this happening if productivity increased.

I say this, because opponents of a gold standard often warn of falling prices being detrimental -- which they aren't necessarily.


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