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<p>[QUOTE=&quot;GDJMSP, post: 89554, member: 112&quot;]Cloud - with all due respect, I think you should do some additional reading on the subject. You are of course entitled to your opinion, but let&#039;s also tell the folks that the vast majority of economics experts disagree with your opinion - entirely. There are also a few facts you might want to know - like how long the gold standard was in use.</p><p><br /></p><p>Dates of Adoption of a Gold Standard:</p><p><br /></p><p>1844: Great Britain</p><p>1871: Germany </p><p>1873: Latin Monetary Union (Belgium, Italy, Switzerland, France) </p><p>1873: United States de facto </p><p>1875: Scandinavia by monetary Union: Denmark, Norway and Sweden </p><p>1875: Netherlands </p><p>1876: France internally </p><p>1876: Spain </p><p>1879: Austria </p><p>1893: Russia </p><p>1897: Japan </p><p>1898: India </p><p>1900: United States de jure.</p><p><br /></p><p>I hardly think any of those dates constitute hundreds of years. It should also be noted every single one of the above countries stopped using the gold standard for one simple reason - it does not work in a world wide economic environment. Seems to me that common sense dictates that <u>if it did work</u> - somebody would still be using it.</p><p><br /></p><p>Now, for those who wish to read more on this subject - here&#039;s a few links.</p><p><br /></p><p><a href="http://en.wikipedia.org/wiki/Gold_standard" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Gold_standard" rel="nofollow">LINK 1</a> </p><p><br /></p><p><a href="http://www.econlib.org/library/Enc/GoldStandard.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.econlib.org/library/Enc/GoldStandard.html" rel="nofollow">LINK 2</a> </p><p><br /></p><p><a href="http://econ161.berkeley.edu/TCEH/Slouch_Gold8.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://econ161.berkeley.edu/TCEH/Slouch_Gold8.html" rel="nofollow">LINK 3</a>[/QUOTE]</p><p><br /></p>

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