Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: det dweller too
About the only thing in this screed that is hard for me to understand is her problem with paper money. The price of gold would be astronomical if we still pegged our currency to it, would it not? On the other hand, a paper dollar today is still going to be worth a dollar's worth of your labor or a dollar's worth of your goods tomorrow even if it's really not "worth" the paper it's printed on.

Without the mass confidence in our nation's currency, our country would be in pretty bad trouble; but in a broken-down society, gold isn't going to feed you anyway.

82 posted on 11/27/2001 6:40:56 PM PST by TN Republican
[ Post Reply | Private Reply | To 74 | View Replies ]


To: TN Republican
The Gold Standard, A Breakdown by Alan Greenspan was published in Ayn Rand's 'Capitalism, An unknown Ideal'. I posted this article in POST #5 because I thought it might useful to read in addition to this article.
88 posted on 11/27/2001 6:51:43 PM PST by Orion78
[ Post Reply | Private Reply | To 82 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson