tag:blogger.com,1999:blog-188348526931681811.post5367098237472930890..comments2023-06-15T06:16:39.943-05:00Comments on Mark's Blog of Seriousness: Annualized Inflationeis271828http://www.blogger.com/profile/05969745201742805587noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-188348526931681811.post-19005559817582871332010-08-20T15:55:30.164-05:002010-08-20T15:55:30.164-05:00Thanks for commenting! I haven't looked into ...Thanks for commenting! I haven't looked into it in detail, but one thing the proponents of gold keep pointing to is how X amount of gold has been equal to Y amount of gas for Z number of years (or maybe they're picking the two years they use as examples very carefully). I'm not a proponent of gold in any way, really. Partially for the reason you mention, and partially for the eis271828https://www.blogger.com/profile/05969745201742805587noreply@blogger.comtag:blogger.com,1999:blog-188348526931681811.post-33564824474609827852010-08-20T15:25:47.245-05:002010-08-20T15:25:47.245-05:00As an economist, I must object to one little tidbi...As an economist, I must object to one little tidbit: "real goods like precious metals". Gold, silver, et al. are just as arbitrary as fiat money; their "real" value is quite low (aside from the very tiny amounts used in electronics and frivolous vanity, what exactly is the intrinsic utility of gold?). And if there is an economic meltdown and collapse into autarky so severe Anonymousnoreply@blogger.com