[DannyTN]

"Well then, just keep having Gov'ts borrow and spend on their cronies and social engineering projects."

You really think congress can't borrow and spend on a gold standard? They'll just promise that your children will pay in gold.

[PGR88]

The massive, long term deficits we have now would be impossible on a gold standard and with no Federal Reserve. There would be real interest rates and immediate discipline on the Government when it’s spending became too large..