with Megan McArdle .
At her blog 'Naked Capitalism', Yves Smith says in Wealthy Investors Hoarding Bullion :
"And in a real meltdown, stores of value are limited. If society is reduced to barter, food, medicine, ammo, and cigarettes get a lot more in exchange than gold."
P.S. I hardly follow the discussion, but I get the feeling that the people here may be coming to grips with the problems of the Paulson plan More Discussion of Why the Bailout Bill Will Not Help Money Markets, Commercial Lending.
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