Toggle navigation
Collections
Fun
Jokes
Fortune
Photo
Nicknames
Blog
ﻮﺑﻻگ
Iran
Baxter's Second Law The Adoption Of Fractional Gold Reserves In A Currency System Always Leads To Depreciatio
Home
›
Fortune Cookies
›
Laws
Baxter's Second Law
The adoption of fractional gold reserves in a currency
system always leads to depreciation, devaluation,
demonetization and, ultimately, to complete destruction
of that currency.
Related:
Baxter's First Law Government intervention in the free market always leads to a lower national standard of living.
Stamps and currency.
Humans : correct in making the leap from wealth as currency to wealth as energy.
But logic failure : wealth ultimately is extension of desire, fluctuating with emotions and state of mind....
Information is the currency of democracy. NADER
Kamin's Fifth Law Purchasing power of currency is always lost far more rapidly than ever regained.
(Those who expect even fluctuations in both directions play a losing game.)...
There was no surer means of overturning the existing basis of society than to debauch the currency .
.. Inflation engages all the hidden forces of economic law on the side of destruction....
Currency -- "101 USES FOR A DEAD MICROPROCESSOR
Information is the currency of democracy. -- Thomas Jefferso
Baxter's Third Law In a free market good money always drives bad money out of circulation.