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Re: Disc: Philosopher's Stone
Poster: "Scott Dean" <email@example.com>
> The simpler approach would be to change the currency base to another substance
> This still would have almost disasterous destabilizing effect. Imagine the typical person who is informed that the bag of gold that he/she has is worthless .
But if the gold is "worthless" then you would not be carrying it as
currency. So then there would be no reason to use the process
(unless you wanted gold instead of lead or vise versa for reasons
other than its "monetary value") so then the value of gold not be
unstable (i would think that it would be about equal to that of
lead). So one _could_ move to a gold/lead standard where gold
ecomes "yellow" lead (or lead becomes "grey" gold).
So what would happen to all those items that are alloys of gold?
-- Manus MacDhai
NC State University
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