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To: Article10
but having a gold standard was not working either

LOL. Wasn't working how? Didn't allow the rapid expansion of government spending and debt? Didn't allow the rise of financialization? Kept inflation low and reduced thievery of American's wages and savings?

114 posted on 08/08/2022 10:23:47 AM PDT by PGR88
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To: PGR88

JP Morgan 2x financially bailed out the Federal Gov , hence the 16th and 17th Amendments

Fractional reserve banking changed the game by allowing the overall economy to grow significantly, it’s not perfect but our over all economy would be way smaller if on a gold standard, as would the overall standard of living as I understand it. It’s not an easy circumstance, arguments can be made on either side to support the position.


118 posted on 08/08/2022 10:30:37 AM PDT by Article10 (Roger That)
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