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rising prices
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Government Policies Try To Prevent The Emergence Of Serious Unemployment By Credit Expansion, I.e., Inflation. The Outcome Was Rising Prices, Renewed Demands For Higher Wages And Reiterated Credit Expansion; In Short, Protracted Inflation.
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What Motivates Most Gold Purchasers Is Their Belief That The Ranks Of The Fearful Will Grow. During The Past Decade That Belief Has Proved Correct. Beyond That, The Rising Price Has On Its Own Generated Additional Buying Enthusiasm, Attracting Purchasers Who See The Rise As Validating An Investment Thesis. As 'bandwagon' Investors Join Any Party, They Create Their Own Truth - For A While.
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Rising Prices
There Is No Inherent Mechanism In Our Present System Which Can With Certainty Prevent Competitive Sectional Bargaining For Wages From Setting Up A Vicious Spiral Of Rising Prices Under Full Employment.
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