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