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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1380)	2/28/1999 10:43:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 1722

Porc, >Sometimes taking from the rich can make the poor better off. But, sometimes it just makes the poor even poorer. Shrinking the money supply seems like it would have to result in the latter.<< I've seen some reasonable methods for the conversion process. It's not something I've given a lot of thought to because it still seems too impossible. It would be a matter of defining the price of gold in terms of the amount of paper money outstanding. No decrease in money supply. Then we would function fine. Prices of goods, services and wages would need to be flexible afterwards. Wayne