Re:Central bankers rethink their devotion to slaying inflation
by anigbrowl on Sunday December 23, 2012 @04:43PM
(#4960781)
30 years ago a 5 gigabyte hard disk cost $250,000, now it costs about $1. You might want to read The Wealth of Nations for an in-depth explanation of how over-reliance on gold can strangle and economy; in a nutshell, those who possess it have every incentive to take it to wherever it can yield the highest return, and an economy once starved of currency rapidly grinds to a halt.
[ Parent
| on HN ]
There are no comments on this comment yet.