Currency: Difference between revisions
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currencies | currency
Pages in category "Currency"
The following 17 pages are in this category, out of 17 total.
1
B
- Bad money drives away good money. Instead of paper currency, actual gold coins should be used for exchange, and this will stop prostitution of gold
- Because that currency (paper currency) is not backed up by gold, the paper they distribute as money is worthless, but nevertheless the people on earth are very proud of material advancement
G
- Gold-standard currency is based on falsehood because the currency is not on a par with the reserved gold. The basic principle is falsity because currency notes are issued in value beyond that of the actual reserved gold
- Gresham's theory: "Bad money drives away good money." As soon as there is bad money, this paper currency, the coin, gold coins and silver coins, they are finished, they are no more
I
- If you put bad money, just like nowadays the currency is some papers, paper currency, so drives away good money. Good money means gold coins. They are not to be seen. That is economic law: as soon as you put bad money, the good money will vanish
- In times of distress the government artificially inflates the currency by simply printing papers, and this artificially raises the price of commodities, and the general condition of the citizens becomes very precarious
- Inflation is due to paper currency
- It is said, "Bad money drives away good money.'' If you put bad money, just like nowadays the currency is some paper, paper currency, so drives away good money. Good money means gold coins. They are not to be seen. That's economic law
T
- The kaudi is like an American cent or Japanese yen. In the old medium of exchange, the first unit of currency was a small conchshell called a kaudi
- The personality of Kali became gold-standardized. According to Srimad-Bhagavatam, gold encourages falsity, intoxication, prostitution, envy and enmity. Even a gold-standard exchange and currency is bad
- This artificial inflation of currency by the authorities encourages prostitution of the state economy. The price of commodities becomes artificially inflated because of bad money, or artificial currency notes