[1rudeboy]

fyi

[varmintman]

TWO of America’s Republican candidates – Newt Gingrich and Ron Paul – have dared to toy with the idea of bringing back the gold standard.

That would create a new stone age in North America. We'd be rubbing sticks together to make fire.

[GonzoGOP]

The gold standard isn't coming back for the simple reason that there isn't enough gold. There is about one ounce of gold in the US for every person. So the standard of exchange would be a dust mote sized piece of gold. Simply too small to be workable.

This doesn't mean I don't support a backed currency. But gold alone is insufficient in quantity to do the job given the size of the US and our limited gold reserves. Gold + Silver + Copper could work. Or just place a valuation on the land held by the Federal government. Any time they want to issue more currency, they have to sell off some assets. Kills two birds with one stone. Keeps the currency strong, and gets land locked up by the Fed and the EPA back into productive use.

[the scotsman]

http://www.youtube.com/watch?v=LS37SNYjg8w