[A Conservative Thinker]

Well Danny, there’s a great case to be made for returning to a gold standard and answers for the common regurgitations regarding recessions and deflation but apparently you believe debasing our currency with free floating values that can be manipulated by central planners is beyond critcism. He voted against TPA and pledged to oppose TPP.

[DannyTN]

But Cruz was for both TPA and TPP until the last minute when he realized he was out of sync with the voters. Trump on the other hand didn't even have to read it. Trump inferred it was not in our best interest because he knew we didn't have competent people negotiating it, and because the prior deals have not been in our best interest.

Cruz's prior support not only calls into question his competence on the economy but his people judgment skills. Why on earth would he trust Obama on something he hadn't read?

As far as the gold standard, there is no case that an be made for returning to it. And even when we were on the gold standard, Congress still was able to debase the currency every time there was a crisis. So the gold standard doesn't protect against that.

It does however ensure that you'll have constant deflation which is horrible for the economy. Unless of course, there is a major gold find, like the California gold rush which caused hyper-inflation in the U.S. Some of the swings in the dollar purchasing value while we were on the gold standard was greater than +/- 20%. That's not good for business.

The only people a gold standard would be great for is speculators like Soros and maybe China which is currently the largest producer of gold.