Monday, November 5, 2007

Currency And Commodities

Mankind has equipped itself with unlimited power to print money at will, but mother nature has finite sources of all the commodities it can provide, now extremely large sum of money is chasing scarce commodities and that's causing huge inflationary pressures all across the globe. Therefore we must also put a limit on the quantum of money that can be in circulation/printed so that this price rise can be moderated and poor people can afford these commodities. Also once depleted, these commodities can never be reproduced. Consumption of these commodities must be done at snails pace. Afterall all is not about commercialisation and greed.