View single post by Joe Kelley
 Posted: Thu Dec 10th, 2009 10:18 am
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Joe Kelley

 

Joined: Mon Nov 21st, 2005
Location: California USA
Posts: 6399
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http://www.lewrockwell.com/paul/paul619.html

it should be scarce

 

 

Wrong

 
In conclusion, Madame Speaker, allowing for competing currencies will allow market participants to choose a currency that suits their needs, rather than the needs of the government. 
Ending the legal effort to destroy competition will force producers of money to supply the amount of money to an amount that is equal to the demand for it, not scarce, the right amount, becuase the amount of money is a quality of money, not too much, and not too little, so Ron Paul, why are you being stupid?