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The cost of living is falling! Oh noes! Also, if the workers cut their own prices (their wages), then there would be less umeployment. Hell, if prices fall 50% are you take a 30% paycut, you are still better off than before.
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From: http://www.nytimes.com/2009/04/21/business/global/21deflate.html?_r=3&hp Spain’s Falling Prices Fuel Deflation Fears in Europe VALENCIA, Spain — Faced with plunging orders, merchants across this recession-wracked country are starting to do something that many of them have never done: cut retail prices. Prices dipped everywhere
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22 male Berkeley
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I'm not Aussie, but can I still say hewwo?
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Please define common good.
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[quote user="protection"]Because if population doubles but money supply remains the same, you just cut everyone's wages in half, and doubled the price.[/quote] No. You are incorrect. Not increasing the supply of gold while increasing the supply of goods and services would decrease the price of goods and services in terms of gold, thereby
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I don't see scarcity of the idea "cool". I don't see a scarcity of ideas that already exist.
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Btw, do you have permission to use the Dodgers logo as your avatar?
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[quote user="protection"]If people lent gold, silver, or copper coins, from where would the interest come ? one would have to dig up new gold or silver to add the interest to the coin supply. [/quote] Why? Couldn't I pay the interest in chicken eggs? [quote]As population and production increases, the coin supply has to increase, too.
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[quote user="tonyfernandez"] I understand that the idea is worthless until it is used to produce some good, but if I have a method to produce a drug and I come up with it and don't want to sell it , doesn't being against IP rights mean that other people have access to the idea and get to use it? There's no problem if they come