[snip]
The New York Times, surveying the landscape of contemporary thought, told us recently that out of 40 "leading economists", all 40 said that a gold standard "would not improve the lives of average Americans."
Posted on 12/14/2015 5:38:13 AM PST by expat_panama
For 182 years "1789 to 1971" the United States embraced the principle of a "stable dollar,"...
[snip]
...people had discovered that the best way to do this, in an imperfect world, was to link the value of the currency to gold.
[snip]
Britain "which in the 17th century had been an economic backwater of no great significance "then became the financial capital of the world, the birthplace of the Industrial Revolution, and ruler of the greatest global empire of the era.
Not bad.
[snip]
The New York Times, surveying the landscape of contemporary thought, told us recently that out of 40 "leading economists", all 40 said that a gold standard "would not improve the lives of average Americans."
At the end of the gold standard era, in the 1960s, the U.S. had the wealthiest middle class the world has ever seen.
[snip]
If the gold standard policy didn't "improve the lives of average Americans", how was it possible that, after 182 years, the average American was wealthier than ever?
It appears that 40 out of 40 "leading economists" never really bothered to think about that one.
And if you can "do better than a gold standard," as Michael Bordo told the Times, then why "in four decades" has nobody done so?
Can you spot the end of the gold standard "in 1971" on this chart? Maybe it is a coincidence.
We're supposed to be impressed by this degree of consensus among the "experts"...
(Excerpt) Read more at forbes.com ...
made-up digital money. It’s backed by nothing
Hey guys, y'all know perfectly well that dollars are worth lots and none of this goofy "worthless-dollar" talk means anyone's throwing 'em out the window. A few years ago a couple $thou could only buy one oz. of gold and now it buys two. Some would call that deflation but us sane folks know that gold's a volatile commodity and big price swings just don't mean much. What we care about are prices on the stuff we buy (food, clothing, shelter) and they're a lot more stable than they were a hundred years ago.
We also know that while the Fed issues money, the banks (mostly outside the U.S.) create a heck of a lot more.
You’re too hard-headed to ever obtain enlightenment. I have laundry.. sorry.
You simply don’t understand the basics, so a discussion is pointless. Read more, ask fewer questions. Your questions don’t lead anywhere.
Basically, you're a clown.
Ever read the Constitution? If it clearly says that Congress can only use gold or silver COIN as money, why do you think it’s OK for a subsidiary of Congress to print debt notes and declare them legal tender? Believe in the Constitution, or not? I bet it’s not.
Cut and paste the section you feel proves your claim. Then I’ll point out your error.
Cut and paste the Constitution... Nice. How old are you?
You can't find the part that proves your claim?
That's funny.
You seem to be having some difficulty. Hope this helps.
Section. 10.
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
When you get a chance, please let me know if this includes the portion you feel proves your claim.
If you can’t read plain English I doubt that my input would help. Read the Federalist Papers (you haven’t done that?) to discover what the Constitution means.
I can read plain English.
Ever read the Constitution? If it clearly says that Congress can only use gold or silver COIN as money,
I read your claim. If you ever post your proof, I'll read that too.
Read the Federalist Papers (you haven't done that?) to discover what the Constitution means.
If you feel some part of the Federalist Papers proves your claim, copy and paste it.
Unless you can't read plain English?
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