An irrepressable rule of economics?|
Could gold, the standard of almost all monetary in developed nations, come under the light of inflation? It is well known as a law of economics that the more money in circulation, the less its value, kind of like baseball cards. The more rookie cards of Barry Bonds out in the system, the less they are worth. This also works in reverse with the less cards the more worth. So if scientists could use fussion technology to do what alchemists only thought was possible, turn lead, or other metals, into real, solid gold, would the value of gold, which is the standard of all material value on earth, become inflated? And if so, what would our economy adopt as a sturdy base of monetary?
Current Mood: chipper
Current Music: "I Feel like I'm Fixin' to Die Rag" by Country Joe McDonald