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<p>[QUOTE="tbudwiser, post: 1285595, member: 32774"]So, if making larger denomination bills "just for the convenience" is going to put any more dollars in the world, I'd do and say what ever I could to try and put a stop to that.[/QUOTE]</p><p><br /></p><p>Your premise is again flawed, for three reasons this time.</p><p><br /></p><p>1) Inflation is not inherently bad. Excess inflation is, but inflation in and of itself is not evil.</p><p><br /></p><p>2) You presume the introduction of a $200 bill increases the money supply. While that's POSSIBLE, it's not a given. The government COULD simply print fewer $100's to compensate. Thus, to "do and say what ever [you] could" to stop it would be hasty and over-reactionary until you understood the overall money supply.</p><p><br /></p><p>3) You're ascribing to the fixed pie description of money and economics...which simply isn't right.</p><p><br /></p><p>Your analogy to gold breaks down (as does a gold standard, for the same reason) at this point. There is, as you rightfully assert, a fixed amount of gold available at any given time. If large quantities were added or reduced, the price of gold would move sharply, since the total amount of available gold had changed.</p><p><br /></p><p>Money, however, is a store of value. There is no "fixed" amount of value in the world. Value can be...and is...created whenever a good is produced, for example.</p><p><br /></p><p>This is, indeed, the single biggest argument AGAINST a return to the gold standard.</p><p><br /></p><p>I know, I know, my Libertarian brothers will hate me for saying that. *lol*[/QUOTE]</p><p><br /></p><p>Why isn't it right? You have more of something. It is worth less. Sorry, thats just it. That is the sad cold reality. You are speaking of all <b>maybes</b>. <b>Maybe</b>, the government will print less $100's to make up for the extra amount of larger denominations. But the true fact is, they won't. They, right now, are printing <b><u>large sums of cash</u></b>, to pay off their debts. That is quite an unintelligent way of paying off your debts. My point being; if they don't care enough to find a better way to pay their debts besides making more, do you think they are going to go out of their way to control the amount of dollars being produced? I think not. There are all these possibilities and speculations of which could go wrong, and you are even partly admitting to it it be possible, yet you still want them to produce larger bills "just for your convenience". Is the possibility of major US dollar inflation (yeah you got me, I've been mis-pronouncing it) worth some peoples "convenience" as you put it? I don't think so. Why fix something that isn't broken that could come with severe consequences and penalties?[/QUOTE]</p><p><br /></p>
[QUOTE="tbudwiser, post: 1285595, member: 32774"]So, if making larger denomination bills "just for the convenience" is going to put any more dollars in the world, I'd do and say what ever I could to try and put a stop to that.[/QUOTE] Your premise is again flawed, for three reasons this time. 1) Inflation is not inherently bad. Excess inflation is, but inflation in and of itself is not evil. 2) You presume the introduction of a $200 bill increases the money supply. While that's POSSIBLE, it's not a given. The government COULD simply print fewer $100's to compensate. Thus, to "do and say what ever [you] could" to stop it would be hasty and over-reactionary until you understood the overall money supply. 3) You're ascribing to the fixed pie description of money and economics...which simply isn't right. Your analogy to gold breaks down (as does a gold standard, for the same reason) at this point. There is, as you rightfully assert, a fixed amount of gold available at any given time. If large quantities were added or reduced, the price of gold would move sharply, since the total amount of available gold had changed. Money, however, is a store of value. There is no "fixed" amount of value in the world. Value can be...and is...created whenever a good is produced, for example. This is, indeed, the single biggest argument AGAINST a return to the gold standard. I know, I know, my Libertarian brothers will hate me for saying that. *lol*[/QUOTE] Why isn't it right? You have more of something. It is worth less. Sorry, thats just it. That is the sad cold reality. You are speaking of all [B]maybes[/B]. [B]Maybe[/B], the government will print less $100's to make up for the extra amount of larger denominations. But the true fact is, they won't. They, right now, are printing [B][U]large sums of cash[/U][/B], to pay off their debts. That is quite an unintelligent way of paying off your debts. My point being; if they don't care enough to find a better way to pay their debts besides making more, do you think they are going to go out of their way to control the amount of dollars being produced? I think not. There are all these possibilities and speculations of which could go wrong, and you are even partly admitting to it it be possible, yet you still want them to produce larger bills "just for your convenience". Is the possibility of major US dollar inflation (yeah you got me, I've been mis-pronouncing it) worth some peoples "convenience" as you put it? I don't think so. Why fix something that isn't broken that could come with severe consequences and penalties?[/QUOTE]
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