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by jpadkins
4618 days ago
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> Think of it this way: The abundance of money should somehow correlate with the abundance of real resources. When this correlation breaks down, bad things happen to the economy. citation please. The abundance of real resources in the cpu, memory, and storage markets have been outgrowing the dollar supply for several decades (evidence by the steady drop in prices even with a much larger dollar + credit supply). Nothing bad has happened to those markets. The growth of real resources varies wildly from resource to resource. If your first statement was true, shouldn't we see see resources that are not correlated with the dollar supply have 'bad things happen'? Also its almost impossible to measure 'abundance of real resources', so any fiat currency pegged to that metric will not be aligned. |
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