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<p>[QUOTE=&quot;justafarmer, post: 1357079, member: 3926&quot;]Addressing inflation in the 1800s certainly the fact during this time the US was sitting on and mining the largest gold and silver deposits the world had ever seen played a major role in the situation.</p><p><br /></p><p>It is a fairly simple concept. For the money supply to remain at equilibrium on par; exponential growth of the population requires exponential growth of the money supply. A money supply based on a reserve asset would therefore require exponential growth of that asset reserve. Accordingly based on the idea that exponential growth eventually reaches virtual infinity then the required reserve of the underlying asset will eventually reach virtual infinity. It is very difficult to strike more gold coins without more gold.[/QUOTE]</p><p><br /></p>

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