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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: big-papi who wrote (88448)	3/27/2012 12:28:17 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 218083

A common myth: < Ultimately, in order to repay debt, there must be inflation> If money was all lumps of gold, somebody could borrow 10 gold coins, agreeing to pay back 11. They would use the gold coins to develop something to sell, sell those things for more than the things cost to make, give the original 10 coins back, give the bonus coin, and keep the other dozen. The people who gave that seller the 23 coins would need to do something useful to sell to either that person, or the person who was repaid the 10 + 1 gold coins. That involves zero inflation. It's just swapping something for something. Mqurice