To: perfect_rovian_storm
I don’t know much about this at all, but shouldn’t we have stuck with the gold standard in the first place?
Didn’t it all go down hill after the gold standard was jettisoned?
7 posted on
03/30/2009 1:05:09 PM PDT by
Califreak
(111th Congress: Destroying America With Reckless Abandon)
To: Califreak
Yes we should have. Here is a nice primer on the gold standard:
A Gold Polaris12 posted on
03/30/2009 1:09:10 PM PDT by
Wyatt's Torch
(I can explain it to you. I can't understand it for you.)
To: Califreak
I don’t know much about this at all, but shouldn’t we have stuck with the gold standard in the first place? Didn’t it all go down hill after the gold standard was jettisoned? Bretton Woods ended in disaster. There wasn't enough gold to redeem all the dollars at the gold window at the stated conversion rate. What matters is good monetary management. Backing money with gold, or silver, or whatever doesn't guaranty good monetary management, but it does add inefficiency, and a false sense of security.
26 posted on
03/30/2009 2:12:09 PM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Califreak
it all went downhill after the income tax
37 posted on
03/30/2009 5:06:35 PM PDT by
yldstrk
(My heros have always been cowboys--Reagan and Bush)
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