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<p>[QUOTE="V. Kurt Bellman, post: 2285077, member: 71723"]Why? It never has been before. It basically turned a deep stock market crash into the Great Depression in the early 1930's. Only Keynes truly saw the folly and convinced FDR to work against it.</p><p>Seriously, hard money is as purely evil a thing that there is in economics, and one area where you find virtual unanimity among economists. Any asset tied currency (gold or silver standard) is the recipe for catastrophe and human misery.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2285077, member: 71723"]Why? It never has been before. It basically turned a deep stock market crash into the Great Depression in the early 1930's. Only Keynes truly saw the folly and convinced FDR to work against it. Seriously, hard money is as purely evil a thing that there is in economics, and one area where you find virtual unanimity among economists. Any asset tied currency (gold or silver standard) is the recipe for catastrophe and human misery.[/QUOTE]
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