Memory Tweak

[Roger Oberholtzer]

On Thu, 2008-02-07 at 08:47 -0600, Michael Hipp wrote:
> Roger Oberholtzer wrote:
> > On Wed, 2008-02-06 at 12:22 -0600, Michael Hipp wrote:
> > 
> >> The US and (somewhat more recently) most of the industrialized world has been 
> >> living in a dream world of economic bubbles fueled by worthless paper currency.
> > 
> > So, you mean to say, business as usual...
>
> No. Definitely not.

Really? I find folk/governments doing silly things with money all the
time. Inflated paper currencies are everywhere. If it is not going on at
some point in the US, it is surely going on in some other country. As
long as there has been non-gold paper, there have been large
fluctuations in the value of the paper. It will continue to be that way
since governments use this 'non-gold feature' to make what they think
are beneficial 'short term' corrections to the value of their money. It
is 'short-term' in that either it works, in which case the money supply
is then adjusted to a more proper amount, or, all hell breaks loose and
the money is forceably returned to its real value independent of what
the government may want. The former either never really happens, or you
never notice when it does. The latter always works, and you have to live
under a rock not to notice when it happens. We are currently entering a
correction of the latter type. Again. And not for the last time...

-- 
Roger Oberholtzer

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