Ok, this is really about Gold, but part comes from Krugman's
commentaries about the Bit Coin.
Krugman points out that the Gold Standard really consists of
miners digging gold out of the ground so it can be buried again
in vaults.
He also refers to Adam Smith, and Smith's consideration of paper
money allowing a nation to avoid sinking it's wealth in a dead
stock like silver or gold.
Just a bit of info picked up recently.
BOB KLAHN
bob.klahn@bex.net http://home.toltbbs.com/bobklahn
... I am Ray Charles of Borg: The "right one" is irrelevant, baby!
--- Via Silver Xpress V4.5/P [Reg]
* Origin: Fidonet Since 1991 Join Us: www.DocsPlace.org (1:123/140)