Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Robert Drobot

I don't know whether you remember when we were on the gold standard and what the Soviets would do to devalue our currency is to dump gold on the market. When we were in the Cold War, that vulnerability was pretty significant. Why create a single point of failure?

Yes our currency has many dependencies, but the benefit is that some of the bases can increase the dollar's value as others decrease it.

There's also an advantage in having inexpensive currency in that it makes goods and services more appealing to consumers.

Lastly, the biggest help to the US currency is if we would exhibit more fiscal constraint in our federal spending. More line item vetos please!


3 posted on 09/22/2005 5:41:12 AM PDT by saveliberty (Liberal=in need of therapy but would rather ruin the lives of those less fortunate to feel good.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Tailgunner Joe

FYI


12 posted on 09/22/2005 5:51:24 AM PDT by Just mythoughts
[ Post Reply | Private Reply | To 3 | View Replies ]

To: saveliberty
When we were last on the Gold Standard the U.S. (not the Soviet Union) was the one that was hemorrhaging gold to pay for Vietnam and Johnson's WOP.
16 posted on 09/22/2005 5:56:36 AM PDT by hubbubhubbub
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson