#10
Vote
When you have FIAT money supply, credit can be virtually unlimited, and when credit is virtually unlimited so is debt. This is why a true Gold Standard (not the fractional reserve system we had pre-1900's) where people can only lend out what they have instead of creating imaginary money leveraged on other imaginary money (margin accounts and real estate equity) is where you'll see governmental debt and personal debt kept in check. WHich would give for an economy with a fixed level of volatility. ( Edited by alexmerced)
Share: StumbleUpon Digg del.icio.us Facebook

Reviews


There are no reviews for this item. Want to be the first?

Comments

Tell us what you think....

You
You
Next item
Flag this content

About this item

Views: 258  Voters: 4   Comments: 0
Added by alexmerced on July 13, 2008

Voted for by:
alexmerced
AaronFord
rockymountaingirl
Michael Hunter

Login

close

Please Login or Create an account

Email:
Password:   Forgot?
Login
Or use or your Login using your Twitter account account.
close

 
}