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Yes, we should return to the gold standard so that we can all buy snake oil like in the old days.
by thfuran 3y ago
Yes, we should return to the gold standard so that we can all buy snake oil like in the old days.
- friend_and_foe 3y agoYou're missing the point. I actually had this realization on my own and had heard that the concept was outlined in the book which is what prompted me to read it. Cheap money cheapens everything, because the velocity of money is high and so capital turnover is the name of the game. To make a profit, what you sell has to be cheaper than the money you get. It cheapens people because they have to constantly be scratching for a buck just to keep up.