Message:

<p>[QUOTE=&quot;cladking, post: 8143391, member: 68&quot;]I&#039;d agree that money production should keep up with population increases&nbsp; but it should probably lag it since few babies have income.&nbsp;&nbsp; Any more than that is just another tax and more wealth being transferred to government.&nbsp; </p><p><br /></p><p>Right now longevity is decreasing and every indication is population is soon to start decreasing.&nbsp; </p><p><br /></p><p>There&#039;s no such thing as &quot;idle money&quot; unless you&#039;re sleeping on it.&nbsp; If you put it in the bank your dollar will be loaned to twenty different people who all pay 3 to 20% interest on it while you get .05%</p><p><br /></p><p>Savers have gotten a bad rap.&nbsp;&nbsp; In such a complex financial system as ours it&#039;s rather difficult to say where money does the most good but we&#039;ve created a juggernaut of a banking industry that loans money at 20% and borrows it at .05</p><p><br /></p><p>When I was child it was illegal to loan money at over 7% and it was enforced.&nbsp; </p><p><br /></p><p><br /></p><p>I think the day will come that people appreciate coins from this era.&nbsp; Nostalgia and history are a couple of the strongest motivations to collect anything and these are interesting times with interesting coins.&nbsp; They have interesting reasons to be produced, interesting distribution patterns, and interesting attrition.&nbsp; Imagine making a coin (penny) that must cost four times what it is worth and even costs more to count than its value.&nbsp; This certainly says a great deal about our economy.&nbsp;&nbsp; I believe the main reason this madness continues is that the FED is afraid the perception of inflation will get out of hand if the worthless ugly little slugs are withdrawn for proper disposal.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in