"If the money supply was limited to the amount of gold in the world you would have no realistic way to manage the money supply"
tells me that you don't understand the concept of a gold backed currency. There is always a clearing price for gold. If gold were 1 billion dollars an ounce, would there be enough gold in the world to back the currency? You bet. If it really were a billion dollars an ounce, that would only show the sad state our dollar was in though.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
... [Read Article]
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