Re: Explain to an idiot the benefits of going back to the Gold standar
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The "gold standard" was abandoned because the gold supply does not grow at a fast enough pace to keep up with the growth of the economy. It is therefore inherently deflationary, and economically unsustainable.
It is also an article of near-religious faith among the far-right-wing, so expect the usual firestorm of spam and pre-cooked talking points.
q/q
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Pragmatic and correct. The gold standard, or rather its re-introduction is silly and impossible.
To the OP I would say, think twice! Maybe Ron Paul isn't as intelligent as "some" on 2+2 think he is! [img]/images/graemlins/smile.gif[/img]
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