Citizenery and Responsibilitiveness ;-)

January 29, 2008

The Gold Limit

Filed under: Economics — steamroller50 @ 1:46 am
Tags:

If we return to the gold standard, won’t that limit economic growth?

The world’s gold supply is limited. If currency must be backed by gold, then the world’s money supply is limited.

With a limited money supply, the global economy becomes a zero sum game.

IANAE so I’m sure I’m missing something. I just don’t know what that something is.

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