On Dec 4, 2008, at 11:18 AM, Kyle Waters wrote:
Von Fugal wrote:
Gold doesn't rust. And when industry needs gold, they can pay market
price for it. That is, trade a pie or whatever, or maybe they could
just
use some of the gold they sell their product for, and include that in
the gold cost. As it stands now, they pay dollars for the gold they
need, how is that any different?
I think this paragraph answers your questions. If you use a gold
standard then the value of gold would be inflated. As you pointed
out early in your post we could break it down to an atom and have
each atom be worth a lot of other goods. Now the problem is we have
inflated the value of gold. Thus making it too expensive to use for
industrial uses. Eliminating an entire class of goods. Now if you
wanted to use man made diamonds instead, that would be fine. After
all we have plenty of carbon.
Yeah, and we all gotta tax that stuff, I hear it's evil and it's
killing us all, because men are making too much of it :)
Sorry, couldn't resist, cue next tangential thread of rants.
-Jayce^
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