To: Tennessean4Bush
308 - "Stabilized? Define stabilized. I have never seen it stabilized. It always fluctuates."
You are too young. It was quite stable in the 50's, 60's, and early 70's, until Nixon took us off the gold standard and let everything 'float'. We had a great economy and great low interest rates and stable prices, and low taxes, and a man with one job could support a wife and family.
Getting off the gold standard has blown stability out of the water.
315 posted on
04/10/2004 9:15:36 PM PDT by
XBob
To: XBob
Getting off the gold standard has blown stability out of the water. Aha! That explains it. You are a gold standard guy. What was it, $35/ounce before we went off the gold standard? Yes, you are right, I was about 9 years old when US left the gold standard.
319 posted on
04/10/2004 9:26:33 PM PDT by
Tennessean4Bush
(An optimist believes we live in the best of all possible worlds, a pessimist fears this is true.)
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