Re: X-Post: Greenspan supports Gold Standard on Fox Business
[ QUOTE ]
blah blah blah
This does not imply that wagons > trains and planes.
[/ QUOTE ]
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.
|