Why not Gold? (user search)
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  Why not Gold? (search mode)
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Author Topic: Why not Gold?  (Read 1786 times)
Southern Senator North Carolina Yankee
North Carolina Yankee
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Atlas Institution
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Posts: 54,118
United States


« on: May 05, 2009, 04:41:29 PM »

What are the arguments against returning to the gold standard?  Very few conservatives really support it but some do.  And the Constitution Party, which I agree with on lots of social issues, seems to support it. 

Why is it a bad idea?  I really would like to learn more about this issue.  Do you have any web pages your can reccommend about it?

It would basically have the same effect now as the Feds decisions in 1929 and 1930(decrease the money supply) which contributed to all the bank failures in 1931-1933. Its funny but we have done the exact opposite this time.  They cut the money supply by 50% we have almost doubled it.
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