View Single Post
  #75  
Old 09-24-2007, 01:17 AM
owsley owsley is offline
Senior Member
 
Join Date: Mar 2007
Location: thank you
Posts: 774
Default Re: Explain to an idiot the benefits of going back to the Gold standar

I think what the libertarians on this board mostly want is a system that wouldn't allow our government to inflate its own currency (ie raise taxes without its citizens realizing it) in order to pay for collectivist social programs and imperialist wars. As I understand it, and I very may well be wrong (unlike everyone else on this board apparently) that doesn't necessarily require a strict gold standard, but a private banking system with competing currencies.
Reply With Quote