EchoesOfTheHorizon wrote: ↑Wed Oct 25, 2017 5:21 am
Bob.... Let's say instead of Fiat Currency, we had a Gold Standard. Wouldn't it be wise to put restrictions on the export of Gold, so our markets could.... market?
Gresham's Law is backwards.
Bad money doesn't drive out good money,
Good money drives out bad money,
Pure money drives out impure money,
Real money drives out counterfeit money.
What is counterfeit money?
A gold coin.
EchoesOfTheHorizon wrote: ↑Wed Oct 25, 2017 5:21 am
Bob.... Let's say instead of Fiat Currency, we had a Gold Standard. Wouldn't it be wise to put restrictions on the export of Gold, so our markets could.... market?
Gresham's Law is backwards.
Bad money doesn't drive out good money,
Good money drives out bad money,
Pure money drives out impure money,
Real money drives out counterfeit money.
What is counterfeit money?
A gold coin.
Please. Now you're deviating from what you've stated in your OP plus it contradicts what is taught in economics courses by certified professionals (which you're not). Sounds like you're getting desperate to make a point.
EchoesOfTheHorizon wrote: ↑Wed Oct 25, 2017 5:21 am
Bob.... Let's say instead of Fiat Currency, we had a Gold Standard. Wouldn't it be wise to put restrictions on the export of Gold, so our markets could.... market?
Gresham's Law is backwards.
Bad money doesn't drive out good money,
Good money drives out bad money,
Pure money drives out impure money,
Real money drives out counterfeit money.
What is counterfeit money?
A gold coin.
Please. Now you're deviating from what you've stated in your OP plus it contradicts what is taught in economics courses by certified professionals (which you're not). Sounds like you're getting desperate to make a point.
bobevenson wrote: ↑Wed Oct 25, 2017 1:45 pm Gresham's Law is backwards.
Bad money doesn't drive out good money,
Good money drives out bad money,
Pure money drives out impure money,
Real money drives out counterfeit money.
What is counterfeit money?
A gold coin.
Please. Now you're deviating from what you've stated in your OP plus it contradicts what is taught in economics courses by certified professionals (which you're not). Sounds like you're getting desperate to make a point.