Quote:
Originally Posted by charles brough
It is just that I put myself in historical perspective and see that when civilzations abandon the precious metals, they get roaring inflation and that it accompanies the decline of the civilization. ... I am thinking thinking ahaid to the next civilization in a "what would be best" sense . . .
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Yes, "next civilization" is the relevant caveat. Using the historical perspective on this though is somewhat akin to saying "whenever societies persecute Jews for being Kosher, it causes outbreaks of the Black Plague." Somewhat correlated in the historical realm, but totally irrelevant now that we have modern medical and public health practices in place....
Nothing will prevent nutcases like Mugabe from creating hyperinflation despite the existence of modern monetary policy, but outside of absolute dictatorships, societies do not tolerate even "high" inflation for very long any more, and even go along with the horrible tasting medicine to avoid it.
In ev'ry job that must be done there is an element of fun, you find the fun and snap! The job's a game,
Buffy
