[Toddsterpatriot]

Inflation or deflation are your two alternatives, when you have ruined your underlying economy with endless fiat money

Exactly. There is no inflation or deflation under a gold or silver standard. LOL!!

[Travis McGee]

Inflation or deflation are your two alternatives, when you have ruined your underlying economy with endless fiat money.

Exactly. There is no inflation or deflation under a gold or silver standard. LOL!!

There are always fluctuations in any market economy, and always will be. But only the infinite printing of worthless unbacked fiat money (as we have done since Nixon closed the gold window in 1971) leads to totally ruinous collapses, leading to mass starvation, bloody revolution, civil war and dictatorship.

For example, I'd say the USA did pretty well across the span of the 19th century, under a gold backed currency, wouldn't you? All in all?

Say, compared to France in the 1780s, or Germany in the 20s? Or what is going to happen to the USA?