Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/5/84; site ssc-vax.UUCP Path: utzoo!watmath!clyde!cbosgd!ihnp4!houxm!vax135!cornell!uw-beaver!ssc-vax!eder From: eder@ssc-vax.UUCP (Dani Eder) Newsgroups: net.politics.theory Subject: Re: The Gold Standard -- Response to Dani Eder Message-ID: <468@ssc-vax.UUCP> Date: Thu, 28-Feb-85 15:01:54 EST Article-I.D.: ssc-vax.468 Posted: Thu Feb 28 15:01:54 1985 Date-Received: Sat, 2-Mar-85 02:46:10 EST References: <909@ratex.UUCP> Organization: Boeing Aerospace Co., Seattle, WA Lines: 14 Thank you Mr. McKiernan for the data on price levels. While it is propably impossible to develop a money standard with no fluctuations in price levels, I believe that any commodity standard is better than what we have now. Whether the commodity is gold, silver, oil, a 'market basket' of twenty different commodities, or whether the standard is human labor (such as 1$= 1 hour unskilled labor), making your standard something of real value is a vast improvement over what we have now, where money can be created and destroyed at will. Dani Eder / ssc-vax!eder / Boeing