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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (35692)7/10/2005 6:21:33 PM
From: philv  Read Replies (1) | Respond to of 110194
 
They have inflated the currency since money was invented, one way or the other. Back in Roman times, they would take a little wedge out of the silver coins, and re-mint the wedges. I actually have one of these.

Mankind is very inventive, trying to get something for nothing!



To: NOW who wrote (35692)7/10/2005 6:40:49 PM
From: Tommaso  Read Replies (1) | Respond to of 110194
 
>>>throughout history only inflation?: ....it is a relatively recent phenomena in my mind....<<<

Reading of economic history may add other things to the mind.



To: NOW who wrote (35692)7/11/2005 12:56:37 AM
From: jackjc  Read Replies (1) | Respond to of 110194
 
Yes, gold backing kept prices stable for 140 yrs before 1930
except for temporary war related flareups.

Surprising how few people know the stability of that, but as
most today are spenders and not savers, they don't place
much value on stability of buying power of their savings.

An increasing number of dollars/hr of work and/or dollars
of value of house/stocks is what floats their boats.


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