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<p>[QUOTE=&quot;fatima, post: 1357039, member: 22143&quot;]No, this isn&#039;t the case.&nbsp;&nbsp; </p><p><br /></p><p>There is absolutely no problem in expanding the currency due to increases in economic productivity.&nbsp; More wealth means more currency to cover it. </p><p><br /></p><p>If you have an asset based currency, then the currency increases because there are more real assets created by this increased productivity.&nbsp; Keep in mind that in a PM based system, the value of a government gold coin is nothing more than an assay that your coin has x amount of PM.&nbsp; Beyond that, government has no role in the currency.&nbsp; &nbsp; There was no inflation during the 1800s except during the periods where governments were issuing paper money mainly during war time.&nbsp;&nbsp; </p><p><br /></p><p>If you read my previous post, where I went off-topic about fiat currency, as opposed to asset currency, (see the small print) this will make more sense.[/QUOTE]</p><p><br /></p>

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