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|  Message 3343  |
|  BOB KLAHN to ALL  |
|  More on Gold and Bit Coin  |
|  10 Jan 14 05:39:50  |
 Ok, this is really about Gold, but part comes from Krugman's commentaries about the Bit Coin. Krugman points out that the Gold Standard really consists of miners digging gold out of the ground so it can be buried again in vaults. He also refers to Adam Smith, and Smith's consideration of paper money allowing a nation to avoid sinking it's wealth in a dead stock like silver or gold. Just a bit of info picked up recently. BOB KLAHN bob.klahn@bex.net http://home.toltbbs.com/bobklahn ... I am Ray Charles of Borg: The "right one" is irrelevant, baby! --- Via Silver Xpress V4.5/P [Reg] * Origin: Fidonet Since 1991 Join Us: www.DocsPlace.org (1:123/140) |
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