If “regulate the value thereof” does allow Congress to shrink the amount of gold/silver in a dollar, even under a Constitutional gold/silver standard, there need be no deflation or limitation on the growth of an economy occasioned by a gold standard. Indeed, if gold supplies advance at a higher percentage rate than the population and productivity growth, there would be no deflation even at a fixed amount of gold/dollar.
The economy would be smaller, but most of what would be gone would be finance jobs pushing derivatives and exchange rate trading, etc. We’d probably have bases on the Moon and Mars by now and have cured cancer, because the best and the brightest would be doing something useful other than pushing paper.
“Much” was wrong; it is probably a small minority of the debt outstanding, large only in an absolute sense (almost a trillion, if memory serves.
No, I usually work against the Government.
So a "non-gold" gold standard wouldn't ruin the economy? LOL!
The economy would be smaller, but most of what would be gone would be finance jobs pushing derivatives and exchange rate trading, etc.
Because there are no derivatives on stocks or bonds?
We’d probably have bases on the Moon and Mars by now and have cured cancer, because the best and the brightest would be doing something useful other than pushing paper.
That's funny.
No, I usually work against the Government.
Me too. And against goldbugs. And other financial illiterates.