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September 04, 2004 By: Spencer Category: Gold 401K

Why can not the money is perishable?

I mean, we think about money creation that has an expiration date. This would help the economy in the world! People will start spending instead of hiding somewhere. If we start spending some money, we will improve the economy as money flow from one person to another! I know everyone thinks about the future, but that's why we have 401k, house, gold, health insurance, etc. (PS: I know you might think I'm a fool, than me, but just got this thought in my mind and wanted to see what others have thoughts in your mind) I am a strategic consultant, so that stupid ideas come to mind every time … :)

That is exactly what inflation does. Except inflation devalues the money little by little, while his "date" idea would diminish its value to zero at the date of expiry. Therefore, high inflation encourages spending the money quickly, before loses value, which is its concept. But anyone who has experienced a period of high inflation and is known to be a miserable place to be.

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