They did, the worst bank runs and arguably the worst depression in our country’s history(1870s) occurred under the Gold Standard. The Gold Standard just gave legitimacy to an illegitimate practice. Nonetheless, the Federal reserve System props up Fractional reserve Banking at a national level in this country. Also, the National debt and inflation have skyrocketed since 1913. Our Treasury should be able to print it’s own money with out having to borrow to make up for budget shortfalls,having a national debt and such high taxes is illogical.
OMG! Don't tell the gold bugs and Fed bashers.
Nonetheless, the Federal reserve System props up Fractional reserve Banking at a national level in this country.
Yes, the Federal Reserve is the lender of last resort and backs up the banking system. That's what Central Banks do.
Also, the National debt and inflation have skyrocketed since 1913.
So has population, GDP, wealth, etc, etc.
Our Treasury should be able to print it’s own money with out having to borrow to make up for budget shortfalls
You want the Treasury to print money instead of borrowing? LOL!
I thought you were a conservative?
having a national debt and such high taxes is illogical.
So is running the presses to pay your bills.