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Stable like the Great Depression? Stable like the dollars value being much worse in the last 50 years than before? The problem is government, along with a central bank, interfering in the free market not the gold standard.
There is a reason every country went off the gold standard and it is because it constrains economic growth due to a lack of gold. Also it prevented trade flows from really working efficiently because if everyone's currency is tied to gold then currencies can't really float to correct for trade imbalances.
Stable like the Great Depression? Stable like the dollars value being much worse in the last 50 years than before? The problem is government, along with a central bank, interfering in the free market not the gold standard.
There is a reason every country went off the gold standard and it is because it constrains economic growth due to a lack of gold. Also it prevented trade flows from really working efficiently because if everyone's currency is tied to gold then currencies can't really float to correct for trade imbalances.
Rand Paul is alright, I like Ron Paul as a person and believe he's the only honest politician in Washington, but some of his policies are..... crazy to say the least.
There is a reason every country went off the gold standard and it is because it constrains economic growth due to a lack of gold.
The reason is simple. Doesn't surprise me you don't get it. He who controls the money supply controls the nation.
Quote:
Originally Posted by Think4Yourself
Also it prevented trade flows from really working efficiently because if everyone's currency is tied to gold then currencies can't really float to correct for trade imbalances.
This is gibberish. The international gold standard of 1/20 of an ounce equaled one dollar, meant that the benefits of having one money medium were extended throughout the world. There were no problems with trade when we were on the gold standard. ~1815-1914 The classical gold standard era, we saw unprecedented economic growth and free trade in goods, capital, and labor. We saw countries going off the gold standard in WW1 and use inflationary tactics. It came back near the end of the 1920's until Great Britian and the US went off it in the early 1930's.
Last edited by Loveshiscountry; 05-31-2014 at 12:35 PM..
I'm always amazed by people who are swept up into thinking an individual will 'save' them from a machine they merely want to profit from and so maintain its functioning to keep themselves profitable.
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