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<p>[QUOTE=&quot;InfleXion, post: 1248984, member: 29012&quot;]I can&#039;t be certain, but I am under the impression that if interest is set to 3% which is roughly the annual increase in gold supply it will be a wash. Although I am not a fan of interest anyway and would be fine replacing it with a flat fee on loans. If the lender doesn&#039;t like it, just raise the fee or change the increments it&#039;s due in, and have a stipulation to seize assets upon failure to meet a deadline. Risk can be avoided if desired, and would be if people had to loan out their own hard earned money instead of being gifted it for the sake of making a loan. </p><p><br /></p><p>&nbsp;&nbsp; </p><p><br /></p><p>I think I get where you&#039;re going with this, that there is more wealth than there are dollars to buy it since dollars can be reused after exchanging hands without requiring new ones to represent every single transaction independently (unless paid with credit or a loan). I would make a distinction however between things like buildings, vehicles, land (physical assets) and stocks and bonds (IOUs you can exchange for more IOUs that you can use to buy physical assets). When I say goods and services I mean physical assets and services, which I believe amounts to significantly less measured wealth than say bonds or especially the derivatives market. A piece of paper or cyber-asset doesn&#039;t do you any good in and of itself, so I don&#039;t include those when I think of what money is a representation of, but sure they have value as the governmental seal of approval is there. Not saying that&#039;s necessarily the right way to look at it, just how I have been.[/QUOTE]</p><p><br /></p>

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