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To: oblomov
A new monetary system will be demanded in the next few years, after the excessive inflation and moral hazard of the present system have caused the inevitable major crash.

Uh-huh. This is the same "inevitable" crash he's been predicting ever since he started opining.

At that point, a bimetallic quasi-Gold Standard should be the alternative to work for against the statist and inflationary nostrums that will doubtless be proposed.

Wow. He is a goldbuggerer. What a surprise.

4 posted on 09/24/2007 10:56:43 AM PDT by wideawake (Why is it that so many self-proclaimed "Constitutionalists" know so little about the Constitution?)
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To: wideawake

Nothing wrong with being for a gold-backed currency, in my view. Many reputable economists and politicians have favored it. But to say it is “inevitable” reveals a right wing form of Marxist historicism that obviates rational thought...


6 posted on 09/24/2007 11:01:05 AM PDT by oblomov
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