No, just it would just destroy certain large but unnatural economic structures which have evolved as a result of poor policy. And those are going to be destroyed soon enough by market forces, anyway - so it might be better if we actually took a hand in choosing how to destroy and replace them.
Not following Paul's recommendations amounts to a conscious decision to keep the floating crap game going for a few more years - or decades - but it guarantees that at some point the central bankers are going to lose control of the whole mess and deliver the USA into a Weimar Germany-like economic situation. But we are so far down that path now that it's probably too late, anyway.
No offense, but people have been saying this since the 'classical standard' was ended in the early 1900s and the Bretton Woods agreements collapsed in the early 70s.. at that, the heyday of the Gold Standard pretty much only existed from around 1901 to 1914. Moving away from the Gold Standard has yet to cause an economic collapse, at that, some even speculate that the Gold Standard caused the Great Depression, although I believe it's inflationary effects only played a small part.
I would suggest studying the Mundell Fleming models to look at the relationships of monetary policy interrelate.
What unnatural economic structures?
Not following Paul's recommendations amounts to a conscious decision to keep the floating crap game going for a few more years - or decades - but it guarantees that at some point the central bankers are going to lose control of the whole mess and deliver the USA into a Weimar Germany-like economic situation. But we are so far down that path now that it's probably too late, anyway.
I am taking a shot in the dark here, but do you believe that we have an actual trade deficit? Not just on products but on the monetary side as well?