Bob Axtell wrote:
>> And why should currency be backed with gold? Can you eat gold?
>>
> Sure you can. Take a look at what happened to Germany after WW I. A
> wheelbarrow of currency
> could not purchase a loaf of bread. Adolph Hitler became a hero when he
> returned the German
> Mark to the gold standard. When the German Mark became redeemable in
> gold, its value returned.
> 'course, he got the gold by force from rich Jewish  families, but that's
> another story.

Actually, the same result could have been achieved if they simply stopped 
printing money.

Best regards,

Vitaliy 

-- 
http://www.piclist.com PIC/SX FAQ & list archive
View/change your membership options at
http://mailman.mit.edu/mailman/listinfo/piclist