To: BenLurkin
I've never understood the fascination with the 'gold standard'. It's like basing your money on tulips or some arbitrary substance you declare as the de facto standard for all that is valuable.
17 posted on
12/01/2005 10:53:37 AM PST by
flashbunny
(To err is human. But to really screw something up, have the government try to fix it.)
To: flashbunny
The government can't just create more gold if they need it to pay off debts, unlike when they have a fiat currency when they can tell the Bureau of Engraving and Printing to start running three shifts seven days a week.
23 posted on
12/01/2005 10:58:45 AM PST by
KarlInOhio
(In memory of Alvin Owen, Thsai-Shai Yang, Yen-I Yang and Yee Chen Lin:the victims of Tookie Williams)
To: flashbunny
Gold is the 19th rarest element on Earth. It is beautiful. It is durable. It is the best electical conductor known to man. It does not easily corrode, is easily identifiable, and it cannot be manufactured or counterfeited.
No one else can tell you what gold is worth, it is entirely up to you, the seller, and the buyer. So it is not up to bankers or con men or promises.
27 posted on
12/01/2005 11:00:05 AM PST by
djf
(Government wants the same things I do - MY guns, MY property, MY freedoms!)
To: flashbunny
I've never understood the fascination with the 'gold standard'.When has any primal fetish ("oonga boonga! shiny!") made sense?
80 posted on
12/01/2005 12:02:11 PM PST by
Petronski
(Cyborg is the greatest blessing I have ever known.)
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