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To: arthurus
get the government the hell out of the economy, all of it.

First let's agree that we want the government to coin money and regulate its value.  Then we can argue about how we want that done; I'd expect the arguments will center on how the dollar's value affects the economy.

3 posted on 08/19/2013 11:44:50 AM PDT by expat_panama
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To: expat_panama
First let's agree that we want the government to coin money and regulate its value.

If, by that statement, you mean that Congress should set the weight of the dollar in gold, then I agree with you. Otherwise, the government has no idea at all what the value of the dollar should be and we'd be much better off if it just stayed out of it.

5 posted on 08/19/2013 3:56:51 PM PDT by BfloGuy (Keynesians take the stand that the best way to sober up is more booze.)
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To: expat_panama

Gold and silver should be the legal money with no government regulation of the ratio or value.


8 posted on 08/19/2013 5:45:47 PM PDT by arthurus (Read Hazlitt's Economics In One Lesson ONLINE http://steshaw.org/econohttp://www.fee.org/library/det)
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