Wittmann73 (November 30, 1999 at 12:00 am)

that should teach you, Bernake!

sandman4224 (November 30, 1999 at 12:00 am)

Poor example. With deflation all prices go down so your money goes farther. The 100K was an inflated price to begin with and may be only worth 50K. Does the bank want to lose that much leverage? No. It will restructure the loan or take the loss. The farmer can just buy another farm for the new price. Let the free market determine that and not central banks. End the FED!!!

andyzohoury (November 30, 1999 at 12:00 am)

Apparently our leaders dont watch Ducktales... Oh wait, that right, they are doing this on PURPOSE. The FED is not part of the gov, they are an independent bank that loans money out to the gov and other big companies. They control the value of the money and hence they control AMERICA and every aspect of our lives. We are slaves to the banking corporations of this world... Do some research on what Ron Paul as to say, and watch the Zeitgeist movie. ZEITGEIST explains a lot about the FED...

areitu (November 30, 1999 at 12:00 am)

Too bad I can't thumbs up this comment (it doesn't give me the option). My series of comments were meant to point out the extreme opposite of hyperinflation, something that doesn't get talked about much. I hope my point was conveyed without any attachment of ill will or sarcasm.

prattleon (November 30, 1999 at 12:00 am)

ah yes...i hear ya. you can always look for the original episode. it's called "dough ray me."

spamdude1 (November 30, 1999 at 12:00 am)

The comment added about the fraudulent monetary system in the video. I was saying that would make it too controversial to use the clip in school.

prattleon (November 30, 1999 at 12:00 am)

economic freedom requires a currency that is determined by the market. it doesn't have to be gold or silver.

prattleon (November 30, 1999 at 12:00 am)

fraudulent? you'll need to elaborate on that.

charcoalpet (November 30, 1999 at 12:00 am)

Why can't we have a President who understands this simple concept before our country goes broke? Ron Paul please.

janbaer1 (November 30, 1999 at 12:00 am)

The central banks could have a standing offer of a very high value, say $10,000 per ounce of gold. That would get some people to sell off whatever they own, but it would put a stable value to the money. If people felt that the country's central bank was doing a poor job, and devaluing the money, they would trade the paper money for gold. If the bank did a good job, they'd trade their gold back for paper money. As for deflation, I'd rather invest than sit and get a low 1% annual deflation.