Message:

<p>[QUOTE=&quot;cladking, post: 782597, member: 68&quot;]Yes, exactly.&nbsp; Inflation is not caused by debasement, debasement&nbsp; is the result of inflation.&nbsp; Inflation is caused&nbsp; by the perception that the money has less value and this is almost always the result of excessive money production caused by spending of the issuer in excess of collections.&nbsp; </p><p><br /></p><p>Over the milinea governments have invariably debased the money through a series of moves in order to spend more than they tax.&nbsp; When silver circulated in this country there was a continual drop in bank reserve requirements.&nbsp; Banks couldn&#039;t have paid out silver and everyone knew it.&nbsp; But they continued to accept both paper and silver interchangeably because the perception was that silver was as good as paper and paper was as good as silver.&nbsp; </p><p><br /></p><p>This is still true but now the coins are cu/ ni and the currency is multicolored.&nbsp; A hundred dollar bill won&#039;t buy what it usede to and will buy less in the future but try spending your 1963 hundred dollar bill and see if you get more for it.&nbsp; </p><p><br /></p><p>Everything is about perception.[/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