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EVERYTHING IS 4 SALE That's all capitalism. All caps. Now people have bought and sold since day one. But as an "ism", and most isms are religions, capitalism goes back several centuries. There's a quote on the wall of the Jefferson Memorial in Washington, D.C. Something about making a kid wear trousers that no longer fit him. Get it? Economic stability is contingent on price stability. The key to true prosperity is that all prices never change and the value of the money never changes. When they do change, it severely limits an individual's ability to plan what he or she can do in an economic system. After a while nobody can see straight and things get so confusing that the establishment suffers periodic break downs. In a system of static prices, people can become tremendously wealthy by such things as instead of charging more for something, add to the inventory. The basic prices help to establish the value of other items. The merchant provides more costly items. The same applies for services. I know that the communists of the 20th century tried price control, but they had problems with corruption. Interest rates and prime lending rates don't control inflation. Instead enforced systems of fair values is overseen by an enforcement agency much like the Department of Weights and Measures. That's why the gold standard was so competent. The mystique of gold was that it had a fairly constant reliable value. Copyright (c) 2005 by Paul A. L. Hall. All rights reserved.
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