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To: Alter Kaker
If you’re going to peg the US currency to an arbitrary commodity, why not pick one we have to produce a lot of?

Ah, but Gold isn't some arbitrary commodity. Gold and Silver are Constitutional money - your Founders knew what they were doing.

Not to say that a commodity-based currency can't work. I think the BRICS countries are going to make it happen.

41 posted on 11/02/2022 11:12:19 AM PDT by agere_contra
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To: agere_contra
Ah, but Gold isn't some arbitrary commodity. Gold and Silver are Constitutional money - your Founders knew what they were doing.

Just because gold and silver are referenced in the Constitution doesn't mean they're not arbitrary. If founders had added bronze or iron coins (like China had) or Platinum or Palladium it would have been just as arbitrary.

Right now the US Treasury and Fed jointly control the value of the dollar. With a gold standard, China and Russia would. That would be bad, actually!

43 posted on 11/02/2022 11:20:34 AM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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