“Permanent gold backwardation will trigger hyperdeflation ‘with the certainty of scientific law’. ” – NASOE
You know, I’m not a hard money bug, but I cannot disagree with this statement. But there is a solution other than gold, it is, ‘calculability’, or the requirement for returns on credit issued at interest.
Source date (UTC): 2013-12-26 11:34:00 UTC
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