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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (48966)	6/18/2006 6:13:52 PM
From: Jim S	Read Replies (3) \| Respond to of 90947

No, I thought Solon made some good points, and in a perfect world, he'd be right. Economies have outgrown "hard money," but that really IS the solution to inflation; sadly, it just isn't convenient to use that standard any more. "Hard money" would also rein in out of control spending by governments, and what government would want that? The problem is that gold represents REAL wealth instead of derivative wealth, and is thus too much of a hard standard. I'm of the opinion that everyone should have some sort of hard wealth in their possession, whether it's toilet paper, guns, or bushels of wheat. So, while I agree with much of what Solon says, it just doesn't fit into the the way the world works at the governmental level.