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  • Re: response to Krugman?

    Real wealth and real monetary value is created and/or acquired ONLY when the members of a family (or a nation, tribe, city-state, etc.) plant, grow and/or harvest something of commercial value from the earth, extract something of commercial value from the earth, provide professional services (medical...
    Posted to Newbies (Forum) by Gerald Spencer on Mon, Feb 15 2010
  • Re: Best Sources for Understanding Mainstream Economics?

    Economics, Trade Deficit, Government Spending Deficit, Jobs for Americans, and the Buying Power or value of the US Dollar are all interrelated. Each of these principles affect each of the others, and each is very important. These subjects need to be understood by the General Public. Economics is not...
    Posted to Newbies (Forum) by Gerald Spencer on Mon, Feb 15 2010
  • Re: How would a country get away from a fiat currency and into a hard currency?

    I'm not to familar with Somalia, but as for the rest of Africa the currencies are pretty useless(high inflation, Ghana had a currency reform pretty recently). The locals will do their business dealings in Dollars or Euros. And sometimes they may use diamonds or precious metals for exchanges. But...
    Posted to Economics Questions (Forum) by Torsten on Mon, Oct 1 2007
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