Message:

<p>[QUOTE=&quot;sylvester, post: 1249055, member: 708&quot;]Hi, thank you for your response. But I fear I must ask a further question. You say that measuring value over time in nominal dollars is plain wrong, the question I want to ask is why? Explain to me why it&#039;s wrong, i&#039;m not asking this for argument sake, but rather more that I would like to fully appreciate the whole argument. I have no background in finance, my degree was in history &amp; archaeology, hence why i seek a balanced view from both sides of the fence.</p><p><br /></p><p>The other question I feel I ought to ask (and this no doubt shows my &#039;greenness&#039; in this area), why do we have to have constant inflation? As I understood it throughout the late 19th century (1870s-1890s) [basically times of peace], there were years of inflation followed by years of deflation and thus an average over the period of near 0, surely any system should attempt to balance out as near to zero as possible. Deflation should be allowed to happen as a natural correction to inflation and inflation as a natural correction to deflation.[/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