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A comment on The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994). Parent comment

Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by WalterBright on Wednesday April 09, 2025 @02:38PM (#43635780)
As Spain discovered, when gold is used as money, and the supply of gold increases, the value of gold drops accordingly (i.e. inflation). As you said, the law of supply and demand.

Looting S America of gold did not make Spain wealthy.

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