Sunday, January 22, 2012

Hard Money — What a Concept!

SEE HERE Shouldn't money be as "good as gold"?  Well it likely can be if we return to a standard pegged to hard commodities.  The question is how to do it and how to do it in a way that is stable and sustainable.  It's likely not easy since the American economy has become addicted to inflation.  Real growth requires real productivity advances not phony inflation driven perceptions.  Making more money that is worth less is a royal road to delusion.

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