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To: expat_panama

The gold standard was a major source of grief all during the 1700s and 1800s. It will destroy any nation stupid enough to re-implement it at this juncture.


13 posted on 03/15/2011 6:26:21 AM PDT by wendy1946
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To: wendy1946

You are confusing gold and government, although I admit that they both begin with “g”.


20 posted on 03/15/2011 6:50:20 AM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: wendy1946
grief all during the 1700s and 1800s

--and into the 1900's to.  My dad was a small child back then on a failing farm.  He told me about how it got so bad that keeping the family fed meant the pigs went hungry.  People tend to forget what double digit deflation can means.

26 posted on 03/15/2011 7:49:05 AM PDT by expat_panama
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