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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2493993, member: 71723&quot;]Not true! Look at the frequency and especially the DEPTH of downturns during the hard money era!!!&nbsp; MUCH WORSE than anything post-hard money or fiat era, MUCH WORSE. It&#039;s NOT EVEN CLOSE!!&nbsp; The invention of fiat currency made recessions far fewer, less severe, and with longer intervals of growth between them.&nbsp; Of course, if you had attended my Money Talk at Chicago in 2011, you&#039;d know that. Charts, graphs, numbers, the whole schmeer.</p><p><br /></p><p>The meme that fiat currency makes the business cycle more volatile is a vicious lie perpetrated by bullion hawkers. The historical facts are on my side on this.</p><p><br /></p><p>Hard money is PURE ECONOMIC EVIL! It&#039;s not just wrong, its proponents KNOW it&#039;s wrong, and continue to propose it anyway. Hence, evil.[/QUOTE]</p><p><br /></p>

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