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<p>[QUOTE="rrholdout, post: 2891323, member: 89654"]In the middle of an FDR biography - haven't gotten to the 'gold seizures' yet. But wasn't it really a broad sweeping series of executive measures that were little enforced except for a few high-profile cases? The Fed could only print and pump so much money into the economy because it was tied to gold [I believe 40% at this time]. I guess Kurt would say here another example of why the currency should not be tied to PM's.[/QUOTE]</p><p><br /></p>
[QUOTE="rrholdout, post: 2891323, member: 89654"]In the middle of an FDR biography - haven't gotten to the 'gold seizures' yet. But wasn't it really a broad sweeping series of executive measures that were little enforced except for a few high-profile cases? The Fed could only print and pump so much money into the economy because it was tied to gold [I believe 40% at this time]. I guess Kurt would say here another example of why the currency should not be tied to PM's.[/QUOTE]
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