To: Antonello
What happens if the person that has what you need doesn't need what you have?
that is the purpose of money. that is what defines money. it is the good that has the most utility in barter. that's why gold and silver are money, will always be money.
17 posted on
01/05/2011 11:26:55 PM PST by
dollarbull
(why are paperbugs so bad at history?)
To: dollarbull
that is the purpose of money. that is what defines money. it is the good that has the most utility in barter. that's why gold and silver are money, will always be money.Does that not then simply make gold and silver a symbolic measure of the total production of an economy? If that is the case and the total amount of precious metal reserves set aside for currency remains fixed, would a prosperous, growing economy strengthen or weaken the buying power of a gold-backed unit of money?
20 posted on
01/05/2011 11:37:27 PM PST by
Antonello
(Oh my God, don't shoot the banana!)
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