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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (4877)	3/27/1999 6:02:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 81050

Destruction of the World Currencies 1950-1990 fame.org Thank you very much for an interesting post. I would appreciate it if you could point me towards an in-depth report on the creation/destruction of fiat currencies....I am looking but have not found any good books/reports yet. THC

To: IngotWeTrust who wrote (4877)	3/28/1999 9:52:00 AM
From: Hawkmoon	Respond to of 81050

The US base system is for the US$ being 1:1 is the year, 1920 Yeah, for 51 years of that period since 1920, we were under the gold standard. Some security. As for inflation, of course it exists you silly woman. Inflation in very moderate amounts of 2-3% is absolutely necessary as it usually equates to pricing power. If you have no inflation you have stagnation or deflation. You must have inflation in assets or no one will be interested in appreciating the value of your asset. Why would someone wish to purchase something they KNEW was due to decline in value?? You really can't be SO STUPID as to claim there should never be any inflation? Nor can you be so silly as to not realize that inflation serves an important role in economic growth?? (or maybe you are) Inflation, again in moderate amounts and properly contained, is a reflection of higher demand and the ability of business to maintain or increase profits. It is a sign of balanced economic growth, with likely deflationary sectors incorporated in the data as well. If you have deflation, the only thing that increases in value is money. Money will be held and not put to work. Why should anyone risk borrowing money for business when they know they will be facing paying that debt back in stronger dollars. 49r, you're a fool. You want to park your wealth and let it stagnate rather than invest that money and put it to work. Moderate inflation forces people to put their wealth to work, either as an investment or loan. So long as the overall inflation rate is lower than the prevailing rate of interest, they increase their wealth. Over-contract this economy and you'll have few smart people willing to extend credit, nor will you find people willing to take on risk as a borrower. The key to economic growth is not to permit inflation to manifest itself to a higher percentage than that of interest rates or earnings growth. Inflation is vital, but must be controlled and contained.