The thoughts of a grumpy old git who has become stuffed to the gills with the peurile actions of politicains, spivs, banks, bureaucrats and others that have basically screwed up a great country. Oh and I loathe the EU.
Thursday 19 February 2009
A Treat from the Mises Institute
I found this which is one of the best of its kind.
I should declare an interest. I am a Jaguar owner (well, strictly it's Mrs Lola's car) and fan.
Only problem is there "real money" cry at the end.
Gold is a metal that is* scarce i.e. hard to increase it's amount, so it makes a useful protection against inflation. However It also doesn't disappear quickly so it makes a poor proxy in deflation.
* was before new mining techniques made the supply of gold much more expandible as gold bugs will find to their cost.
Middle aged, middle class, middle height, middle weight, middle IQ, in fact just middling. Except that I am anything but middling furious about the current UK government. I am apoplectic.
3 comments:
Concise, specific and correct. Ergo it will not be heeded because the Government and McMental are stupid.
What an awesome article.
Only problem is there "real money" cry at the end.
Gold is a metal that is* scarce i.e. hard to increase it's amount, so it makes a useful protection against inflation. However It also doesn't disappear quickly so it makes a poor proxy in deflation.
* was before new mining techniques made the supply of gold much more expandible as gold bugs will find to their cost.
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