 | | Re: A hypothetical economics question...
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(...) Completely aside from the issue of how it's supposed to be, I've been wondering -- why the 20:1 ratio? It seems like a bad idea to have a ratio instead of just gold certificates and silver certificates and maybe a daily exchange rate. Do you (...) (23 years ago, 4-Mar-02, to lugnet.off-topic.debate)
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| | Re: A hypothetical economics question...
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(...) You raise an interesting point -- I gather you think the true value is best determined through daily market forces. I am pretty sure the point of a ratio rather than certificates traded for daily value has to do with making the value static. (...) (23 years ago, 5-Mar-02, to lugnet.off-topic.debate)
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| | Re: A hypothetical economics question...
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(...) rate. (...) Unless there's a reason that I'm missing, that's kind of my default thought. (...) Got that, but in a global economy it's a phantom concept. I could always trade across the border. Maybe it made more sense way back when before (...) (23 years ago, 5-Mar-02, to lugnet.off-topic.debate)
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