[e-gold-list] Re: e-gold's "moral" attackers

[Adam Selene]

> Something I've never understood about hyperinflation is why anyone 
> accepts the money at all.  In a country like Zimbabwe, there are laws 
> stopping people using foreign currency, or presumably e-gold.  I'm 
> surprised, though, that people don't just end up bartering.

The problem with hyperinflation is the government demands you accept the 
fiat in trade, and then starts fixing your prices when you inflate them. 
Only option for a merchant shop is to close, if you can't afford to 
replace what you sell at the price/currency the government tells you you 
must. So barter can only happen in a person-to-person blackmarket, which 
isn't very efficient.

If that were not the case, the obvious solution to hyperinflation would 
be to maintain two price lists for all your goods, one in rice and the 
other in bullets. Don't have rice or bullets, just sell something to the 
store for rice & bullets, and then buy things. Even better than barter, 
works for the whole economy, and instead of ending up with a bunch of 
worthless fiat you have rice you can eat and bullets to shoot the 
government thugs you might try to steal your rice.

   Adam

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Liberty Reserve now accepted
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