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Kamin's First Law All Currencies Will Decrease In Value And Purchasing Power Over The Long Term
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Kamin's First Law
All currencies will decrease in value and purchasing
power over the long term, unless they are freely and
fully convertable into gold and that gold is traded
freely without restrictions of any kind.
Related:
Kamin's Fourth Law Government inflation is always worse than statistics indicate
central bankers are biased toward inflation when the money unit is non-convertible, and without gold or silver backing....
History shows that money will multiply in volume and divide in value over the long run.
Or expressed differently, the purchasing power of currency will vary inversely with the magnitude of the public debt....
All men should freely use those seven words which have the power to make any marriage run smoothly
You know dear, you may be right....
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.)...
Sin that pays its way can travel freely, and without a passpo
whereas virtue, if a pauper, is stopped at all frontiers....
All gold is fool's gold. -- Edward Abbey
Save gold...it has VALUE, not a printed price
Gold's Law: If the shoe fits, it's ugly.
If the shoe fits, it's ugly. -- Gold's Law