[PLUG] OT, gold price stuff

[Jeff Weisberg <jaw+plug@tcp4me.com>]

| Interesting (and plausible sounding) theory.  Unfortunately (for your
| position), this does not bear up under a study of history.  A gold
| standard, in all the times throughout human history that one was
| implemented, made money and the price of goods in relation to it more
| stable, not less so.

apparently, we read different history books.

the discovery of gold in California, 1848, and Johannesburg, 1896
both caused global price instability and worldwide inflation.

in all times throughout human history that a gold standard was
implemented, it made price of goods in relation to it more stable
only when looked at in very long term averages, short-term (year-to-
year) prices fluctuated dramatically.


etc, etc.

	--jeff


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