Quote:
Originally Posted by mrbrklyn   When you post that you now understand that leaving the gold standard was good for the US economy then I'll know we made progress.
**poke poke** |
It seems less so every day. Practically every problem in the economy today stems from the fact that we do not have a permanent money supply. Instead, nothing gets done without credit and we are learning that there are limits to the amount of credit the economy can support, and the problems created when credit is withdrawn. There are sound alternatives to the gold standard, but a fiat debt-based currency doesn't happen to be one of them.
So there is no progress to report.
