Why is plat so important????

[Splorf22]

Originally Posted by Frieza_Prexus [You must be logged in to view images. Log in or Register.]

\To which I rebutted that the gold standard is inherently DEflationary because the gold supply has, historically, always been less than the population's growth rate. Because, under a gold standard, population (hence demand) grows faster than the supply, the scarcity of money continually increases increasing its relative value.

Isn't it a good thing when stuff gets cheaper? Sure I agree a small constant deflation is probably bad but its much much worse to have a government in charge of printing money whenever they feel like it.

And Hitchens, in my humble opinion the entire economics professions should be taken out and shot for crimes against humanity. There is a reason there was no Nobel prize is economics - 90% of it is unscientific blather which is used by people who run our country (i.e. the bankers) to justify looting and plundering.