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To: SeekAndFind

Why should the size of the economy be limited by the amount of some shiny yellow metal we can dig out of the ground?


7 posted on 10/16/2012 7:14:08 AM PDT by Ramius (Personally, I give us one chance in three. More tea anyone?)
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To: Ramius

A gold standard does not limit the size of an economy, only the amount the curency can be inflated. The economy doesnt grow because we continually inflate the currency calling it a larger number of dollars to denote the same buying power.


9 posted on 10/16/2012 7:28:08 AM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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