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To: BamaGirl
When more and more producers go Galt, or turn into looters and moochers, by Anconia’s definition, the currency will be worth less and less.

Going Galt does not devalue currency. The only way to devalue currency is through inflation. Going Galt and removing your own wealth from the market should technically fight against inflation. You are taking money out of the system, not pumping it in. Of course, unless the whole country goes Galt, the individual efforts of this tactic do little to stem inflation or as many here like to say, Starve the Beast.

51 posted on 04/06/2009 2:45:44 AM PDT by EBH (The world is a balance between good & evil, your next choice will tip the scale.)
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To: EBH; Publius; Billthedrill

I think the money speech should be required reading in school. I wonder what Francisco would have to say concerning what is the “root of evil”?


52 posted on 04/06/2009 8:04:51 AM PDT by MtnClimber (Bernard Madoff's ponzi scheme looks remarkably similar to the way Social Security works)
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