|
|
Back to UserFriendly Strip Comments Index
|
Monetary Commentary | by Illiad | 2009-08-24 13:35:43 |
|
The farther along we go, the more it looks like... | by kelli217 | 2009-08-24 13:43:04 |
| Why? |
by theymustbidiots |
2009-08-24 14:32:11 |
Just for the sake of having an anchor? If said anchor is a useful commodity, using it decreases the money supply and is necessarily deflationary. If it's a useless commodity, it's necessarily as arbitrary as bits of paper.
Linking the money supply to gold is linking the money supply to shiny rocks we drag up out of the ground. They have some use in semi-conductor products, but other than that its primary use is as a store of value because it looks pretty and we've always done it that way. Gold production is not a predictable process, either - some years you have more, some years you have less depending on discoveries and operational efficiency of the mines. Bouncing the money supply around like that relative to potential growth is probably a damaging force, on the whole.
|
|
[ Reply ] |
|
I didn't say it has to be gold. (n/t) | by kelli217 | 2009-08-24 14:46:35 |
|
Well, sure. | by theymustbidiots | 2009-08-24 14:48:11 |
|
Gold-pressed latinum, for all I know. | by kelli217 | 2009-08-24 14:54:15 |
|
We shoved the situation down everyone's throats | by esbita | 2009-08-24 15:05:43 |
|
Not very well, that's why it was abandoned. | by theymustbidiots | 2009-08-24 15:17:22 |
|
|
[Todays Cartoon Discussion]
[News Index]
|
|
