Quote:
Originally Posted by Pogo
You might as well ask why should we have our accounts in order.
It's certainly been profitable for the few to have an arrangement where money is printed to make up for accounting imbalances but isn't this antithetical to the tenets of capitalism?
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I am as opposed to wilfully created inflation through the printing press as most people. However, I cannot see a currency tied to the value of gold as a means to prevent that from happening.
A currency is a commodity like anything else. Its value depends on infinitely many factors. I like to see a government policy that makes what it can to preserve the value of the currency, but gold is not the answer.