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advances in calculkation and 'no social benefit' claim of new gold money

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caravelle posted on Fri, Feb 12 2010 4:51 AM

has there been theory or study that could show that if a price-reducing or more efficient method of bringing goods to market (ie wireless date instead of wires)  was sped up by new gold or money being added to an economy where collecting small amounts of existing gold money from numerous investors would take a year and so much money that mining new gold would bring money for use quicker and overall cheaper and more efficient.  did economic caluculation reach that point in history???

many have stated here to me that there is no social benefit from adding new gold to an economy, but is that truly the case and do those who made that claim truly believe what they said???

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scineram replied on Fri, Feb 12 2010 11:54 AM

caravelle:
many have stated here to me that there is no social benefit from adding new gold to an economy, but is that truly the case and do those who made that claim truly believe what they said???

No. It depends on the circumstances.

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