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To: willgolfforfood
the US of A was on the gold standard for that 100 years. And yet we had no stable economic environment

The gold standard did not guarantee a "stable economic environment." What it did provide was a stable currency. The dollar in 1930 was worth pretty near what it was worth a hundred years earlier. The dollar today is worth about one percent of what it was worth a hundred years earlier.

45 posted on 01/10/2009 5:01:00 PM PST by hinckley buzzard
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To: hinckley buzzard

The poster’s article EXACTLY said that the gold standard DID provide a stable economic environment. My contention is that it did no such thing, nor would it do so in the future, even if we somehow could get back on the gold standard tomorrow.


47 posted on 01/10/2009 5:09:01 PM PST by willgolfforfood
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