Comment: Gold defeats special interests

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Gold defeats special interests

Gold defeats special interests that feed off of inflation. It is really a way to destroy a cycle where the rich buy legislators and bankers, who inflate the currency, which is put into circulation through the wealthy allowing them the extra capital before the eventual price increases make the extra money moot. The average Joe eventually gets a pay raise, but only after price increases eat up his paycheck. Gold short circuits the cycle since it cannot be created. In truth there is nothign special about gold other then that its quantity is rather limited, and it cannot be created in a hurry. Anything else that met this criteria could be used as a hard currency as well, and with good effect.

Josh Brueggen
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