Posted on 03/30/2009 12:58:42 PM PDT by mnehring
“Are you saying that we can have inflation or deflation under the gold standard? “
No, I’m saying that the real standard of living of the middle class goes up under a gold standard. Only the real standard of living (and number) of banksters should go down.
“That’s just what our economy needs, more resources diverted to mining a pretty yellow metal.....because it’s MONEY!”
You’re right, more resources should be diverted to banking and toxic waste financial products, because production and manufacturing are such a waste of time. Why drill for oil, we’re only going to BURN it?!!
Not if their employers go out of business.
Only the real standard of living (and number) of banksters should go down.
Why would that happen?
Why drill for oil, we’re only going to BURN it?!!
Oil is useful. What is gold good for?
“Not if their employers go out of business.”
And why would businesses fail because we had a solid Constitutional monetary system?
“Why would that happen?”
Because creation of money would be taken out of their hands.
Maybe you could first explain why "the real standard of living of the middle class goes up under a gold standard"?
Because creation of money would be taken out of their hands.
Why were the bankers against the monetization of silver while the farmers and small business owners were for it?
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