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Old 11-08-2007, 04:27 PM
Borodog Borodog is offline
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Default Re: X-Post: Greenspan supports Gold Standard on Fox Business

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blah blah blah

This does not imply that wagons > trains and planes.

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Which was never claimed. And explicitly NOT claimed. Do you see why?

Talk about hilariously struggling to understand something simple.

Unreal.

Q: Why do we need a central bank?

A: Well, you need either a gold standar OR a currency board OR something of that nature to constrain government from over-inflating a fiat money supply. Also, an international gold standard worked very well in the past.

I.e. he clearly says you need either something like a central bank or a gold standard, and clearly says that the gold standard worked fine. Like I said, I never said that he supported the gold standard INSTEAD of, or OVER a central bank.

You are really reaching.
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