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  • Gold as Money: FAQ

    Some responses to common objections about the use of gold as money: 1. There simply is not enough gold for it to be used as money. This is just like saying “we cannot possibly measure the size of microbes because inches are too large”. An excellent counterpoint to this line of thinking is...
    Posted to Austrian Economics by Mr FixIt on Fri, Jun 10 2011
    Filed under: Deflation, FAQ, Gold, Gold Standard, Investment, Money

  • A physicist cogitates on solving the fiat currency problem

    Lubos Motl , a bright young Czech physicist with a winning way with those he considers idiots*, has decided to cogitate on fiat money and the US`s screwed up monetary system, and proposes to peg the dollar to the Dow : You might think that I am going to defend the gold standard or something of this sort...
    Posted to TT's Lost in Tokyo by TokyoTom on Fri, Nov 28 2008
    Filed under: Enviro Derangement Syndrome, climate change, money, Lubos Motl, gold
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