Any Quantity of Money is Just Fine

(Before It's News)

by Steve Saville, The Speculative Investor
Gold Seek

[...] Some comments by John Mauldin towards the bottom of a recent article reflect popular opinions about money that can be summarized as: “a growing economy needs a growing money supply” and “there isn’t enough gold in the world for gold to be used as money today”. These opinions reflect a basic misunderstanding about money.

Here are the Mauldin comments to which we are referring. We’ve put notes below each excerpted comment, but the main part of our response is further down the page.

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