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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: donc who wrote (91185)	10/3/2007 11:03:15 AM
From: neolib	Read Replies (1) \| Respond to of 306849

i think money per capita should be held constant. Well, that is another vote. What I've now come to realise is that economics is pretty close to astrology. Imagine if scientists where as all over the map on Gravity as the posters here are on growth of money supply. My own summary remains that a gold standard system is an intrinsically stable, and hence lower performance system, supported by some because they fear (rightly or wrongly) a lack of fiscal discipline. I suspect that most people who support such a system, though they might well understand the issues surrounding fiscal discipline, have no understanding of why intrinsically stable systems are low performance systems.