On Tuesday, November 4, 2003, at 04:06 AM, Danny Van den Berghe wrote:
Danny, I'm sure we could go on discussing glittering tautologies allday long, but I don't remember what point you're trying to make.
That's what happens when you are not interested to come to the point, and
only arguing to get away from it: you forget what point the other was trying
to make.
Don't worry, I remember your major points:
- an economy cannot function effectively without using fiat tokens.
- using gold alone would hamper an economy because people would not invest enough.
- it is important to pump up the money supply to force people to invest.
I think these are false.
My problem with your last post is that all I saw was a bunch of free-floating examples about zero-sum money moving around, and I didn't see you connecting with your points and driving them home.
-- Patrick
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