[savedbygrace]

Aye, there's the rub. The federal government has given itself the power to do this. History will repeat itself WRT fiat money.

You've studied this matter enough to know that fiat money systems always collapse. Why are you supporting this one so staunchly?

[CobaltBlue]

I think that if you look at what I've posted, I haven't supported anything in particular, just tried to get the history straight.

The fight between hard money advocates and soft money advocates is one of the more fascinating themes in American history. My own independent studies these days is more on the history of depressions, but you can't study the history of depressions without studying the history of money. It's peculiar that every time we shift back to hard money there is a depression. We all know printing money causes inflations. Maybe hard money causes deflations.