[SecAmndmt]

“Exactly! We should limit our GDP growth to the growth of the supply of a pretty yellow metal. What could go wrong? “

The growth of supply of gold money in the long run should be sufficient to meet the needs of a market economy. Have you ever heard of a gold mining operation? Are you just being obtuse?

“And we both know there were no booms or busts while we were on the gold standard, right?”

The depression of 1920-1921 lasted for about 18 months without a socialist fiat currency and socialist government intervention, both of which you seem to favor. A free market “boom” or “bust” is always preferable to hyperinflationary depression followed by deflationary depression, induced by massive malinvestment and resulting in the destruction of the wealth of the productive class AND the currency itself.

[Toddsterpatriot]

The growth of supply of gold money in the long run should be sufficient to meet the needs of a market economy.

Why, because you say so?

Have you ever heard of a gold mining operation?

Exactly how fast do you imagine the gold supply expands? Are you just being obtuse?

The depression of 1920-1921 lasted for about 18 months

What? A depression while we were under the free market gold standard?

a socialist fiat currency and socialist government intervention, both of which you seem to favor.

You picked a bad week to stop sniffing glue.

A free market “boom” or “bust” is always preferable to .......

LOL!

[2001convSVT]

I like your argument, and I do think that you are right in
“A free market “boom” or “bust” is always preferable to hyperinflationary depression followed by deflationary depression, induced by massive malinvestment and resulting in the destruction of the wealth of the productive class AND the currency itself.”