>We’ve had a more stabilized and faster growing economy without one.<

AND more inflationary! When we were on the actual gold standard, THAT economy WAS stabilized. A dollar note based on gold was worth a dollar, and you would be amazed at what it bought! Today that dollar might be worth about 7 Cents! Yes, might.

281 posted on 11/03/2007 5:16:51 PM PDT by Paperdoll ( Vote for Duncan Hunter in the Primaries for America's sake!)

When we were on the actual gold standard, THAT economy WAS stabilized.

No panics, recessions or depressions while we were on the gold standard?

A dollar note based on gold was worth a dollar

No inflation or deflation while we were on the gold standard?

282 posted on 11/03/2007 5:21:29 PM PDT by Toddsterpatriot (What came first, the bad math or the goldbuggery?)

To: Toddsterpatriot; Paperdoll

*snicker*

Some forget history...or never knew it.

283 posted on 11/03/2007 8:09:42 PM PDT by RockinRight (The Council on Illuminated Foreign Masons told me to watch you from my black helicopter.)

>*Snicker*<

Some forget history...or never knew it.<

Snicker? Well, that’s a nice way to begin a response. And there you go again being snide. How old are you, and how much education have you been able to accumulate? Some people don’t bother with manners, I notice.

284 posted on 11/03/2007 8:43:37 PM PDT by Paperdoll ( Vote for Duncan Hunter in the Primaries for America's sake!)

I’m 30 years old. I however, also know that there were panics about every 20 years during the 1800s - with the gold standard.

285 posted on 11/03/2007 9:02:36 PM PDT by RockinRight (The Council on Illuminated Foreign Masons told me to watch you from my black helicopter.)

Now wouldn’t using a term like “Toddler” be snide in and of itself, Ma’am?

286 posted on 11/03/2007 9:05:00 PM PDT by RockinRight (The Council on Illuminated Foreign Masons told me to watch you from my black helicopter.)

To: Toddsterpatriot

Because the mind control units installed by the CFR/NAU/Build-a-burger/Illuminati/Masons/Trilats/Britney Spears Fanclub/Alien Abduction Victims coalition told them to.

;-)

287 posted on 11/03/2007 9:06:47 PM PDT by RockinRight (The Council on Illuminated Foreign Masons told me to watch you from my black helicopter.)

To: RockinRight; Paperdoll

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Business Cycle Expansions and Contractions

US Business Cycle Expansions and Contractions ¹

Contractions (recessions) start at the peak of a business cycle and end at the trough.

Please also see:

November 26 announcement of business cycle peak.
Latest announcement on how the NBER's Business Cycle Dating Committee chooses turning points in the Economy and its latest memo, dated 10/21/03
Press citations on NBER Business Cycles
Historical data: Excel HTML PDF

BUSINESS CYCLE REFERENCE DATES		DURATION IN MONTHS
Peak	Trough	Contraction	Expansion	Cycle
Quarterly dates are in parentheses		Peak to Trough	Previous trough to this peak	Trough from Previous Trough	Peak from Previous Peak
June 1857(II) October 1860(III) April 1865(I) June 1869(II) October 1873(III) March 1882(I) March 1887(II) July 1890(III) January 1893(I) December 1895(IV) June 1899(III) September 1902(IV) May 1907(II) January 1910(I) January 1913(I) August 1918(III) January 1920(I) May 1923(II) October 1926(III) August 1929(III) May 1937(II) February 1945(I) November 1948(IV) July 1953(II) August 1957(III) April 1960(II) December 1969(IV) November 1973(IV) January 1980(I) July 1981(III) July 1990(III) March 2001(I)	December 1854 (IV) December 1858 (IV) June 1861 (III) December 1867 (I) December 1870 (IV) March 1879 (I) May 1885 (II) April 1888 (I) May 1891 (II) June 1894 (II) June 1897 (II) December 1900 (IV) August 1904 (III) June 1908 (II) January 1912 (IV) December 1914 (IV) March 1919 (I) July 1921 (III) July 1924 (III) November 1927 (IV) March 1933 (I) June 1938 (II) October 1945 (IV) October 1949 (IV) May 1954 (II) April 1958 (II) February 1961 (I) November 1970 (IV) March 1975 (I) July 1980 (III) November 1982 (IV) March 1991(I) November 2001 (IV)	-- 18 8 32 18 65 38 13 10 17 18 18 23 13 24 23 7 18 14 13 43 13 8 11 10 8 10 11 16 6 16 8 8	-- 30 22 46 18 34 36 22 27 20 18 24 21 33 19 12 44 10 22 27 21 50 80 37 45 39 24 106 36 58 12 92 120	-- 48 30 78 36 99 74 35 37 37 36 42 44 46 43 35 51 28 36 40 64 63 88 48 55 47 34 117 52 64 28 100 128	-- -- 40 54 50 52 101 60 40 30 35 42 39 56 32 36 67 17 40 41 34 93 93 45 56 49 32 116 47 74 18 108 128

Average, all cycles: 1854-2001 (32 cycles) 1854-1919 (16 cycles) 1919-1945 (6 cycles) 1945-2001 (10 cycles)		17 22 18 10	38 27 35 57	55 48 53 67	56* 49** 53 67

* 31 cycles ** 15 cycles

Source: NBER

The determination that the last contraction ended in November 2001 is the most recent decision of the Business Cycle Dating Committee of the National Bureau of Economic Research.

Announcement dates: The November 2001 trough was announced July 17, 2003.
The March 2001 peak was announced November 26, 2001.
The March 1991 trough was announced December 22, 1992.
The July 1990 peak was announced April 25, 1991.
The November 1982 trough was announced July 8, 1983.
The July 1981 peak was announced January 6, 1982.
The July 1980 trough was announced July 8, 1981.
The January 1980 peak was announced June 3, 1980.

Other Related Press Releases:December 21, 1990
December 31, 1979
October 25, 1979
July 27, 1979

The NBER does not define a recession in terms of two consecutive quarters of decline in real GDP. Rather, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. For more information, see the latest announcement on how the NBER's Business Cycle Dating Committee chooses turning points in the Economy and its latest memo, dated 07/17/03.

Source:

Public Information Office

617-868-3900

Permission to copy is granted, provided credit is given

That was some stable economy during the gold standard. LOL!

288 posted on 11/04/2007 7:38:15 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)

To: Toddsterpatriot

Hey Toddler! Gotto get to church soon, but will read when I get back.

289 posted on 11/04/2007 7:49:18 AM PST by Paperdoll ( Vote for Duncan Hunter in the Primaries for America's sake!)

To: Toddsterpatriot

Now what does this table show me ?

More cycles in ancient times ?

Does this prove that the economy in ancient times was much smaller - based on less people - less value - less tricky statistics ?

Or does this proove the gold standard didn’t work out ?

I guess it’s much to shallow for both.

It still seems the fed is caught between saving the big banks.

We’d have more stability either by more disciplined senators (they influence(d) the fed) or by a fool proof monetary system.

I can only imagine coupling it to gold - or maybe to plutonium.

290 posted on 11/05/2007 9:03:00 AM PST by Rummenigge (there's people willing to blow out the light because it casts a shadow)

Now what does this table show me ?

Business Cycle Expansions and Contractions

More cycles in ancient times ?

More down cycles. Longer down cycles.

Does this prove that the economy in ancient times was much smaller

No. But it was.

Or does this proove the gold standard didn’t work out ?

It shows the poster who claimed the gold standard kept the economy "stable" was incorrect.

291 posted on 11/05/2007 9:08:34 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)

To: Toddsterpatriot

That logic is a bit too high for me - would you say water is not good for extinguishing fire because you saw they threw it on cali but it did not work ?

A gold standard would help - but if the Taliban get to rule in Pakistan we got a nulcear war at hand - that would be bad for economy - even if the money standard was on my sexual health.

Doesn’t mean gold doesn’t work as a standard.

292 posted on 11/05/2007 9:30:40 AM PST by Rummenigge (there's people willing to blow out the light because it casts a shadow)

sorry - I meant nucular ;-)

293 posted on 11/05/2007 9:32:54 AM PST by Rummenigge (there's people willing to blow out the light because it casts a shadow)

That logic is a bit too high for me -

What are you talking about? Be specific.

A gold standard would help

Would help what?

Doesn’t mean gold doesn’t work as a standard.

Gold may have done many things. Keeping the economy "stable" wasn't one of them.

294 posted on 11/05/2007 9:34:51 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)

To: Toddsterpatriot

Lol talking to you is pointless. You are very eager to be right and you do so by avoiding to say something meaningfull.

295 posted on 11/06/2007 1:25:18 AM PST by Rummenigge (there's people willing to blow out the light because it casts a shadow)

You are very eager to be right and you do so by avoiding to say something meaningfull.

You said something stupid and now you run away. LOL!

296 posted on 11/06/2007 5:55:46 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)

To: Toddsterpatriot

That’s what people do if their communication partners refuse to read or hear what people say and only answer in phrases that leave anyone pussled if they even belong to the same thread.

Saying something stupid happens to people who actually say something - an then there’s you :)

297 posted on 11/06/2007 6:39:21 AM PST by Rummenigge (there's people willing to blow out the light because it casts a shadow)

Keep avoiding the points in post #294.

298 posted on 11/06/2007 6:41:59 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)

To: Toddsterpatriot

I don’t even know why you send that posting -

I told you, your argumentation had a logical flaw and you answered with repeating the resume of it. (Wich is hardly a sane thing to do - nor does it show good math skills)

299 posted on 11/06/2007 6:45:08 AM PST by Rummenigge (there's people willing to blow out the light because it casts a shadow)

I told you, your argumentation had a logical flaw

Just because you said so, doesn't make you right.

Do you think the gold standard gave us a "stable" economy?

300 posted on 11/06/2007 7:01:30 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)

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