Some body had to print the currency, so yes. The real question is should there be a constraint upon the rate and flexibility that the Fed is permitted to create money. To that I say yes. I think the Fed has way too much flexibility in terms of money creation. I think it would be wise to either reinstate the Gold standard or some other version of a commodities based standard. There are pro's and cons to this, yet I think that the gold standard was a vital check on the power of the central bank. It was a big mistake and very short sighted to eliminate it.
by Gary Anderson 13 years ago
Our meltdown can also be understood. This is must see. All hubbers need to take the time to watch this video:http://video.google.com/videoplay?docid … 0256183936
by Evan G Rogers 12 years ago
Main stream economists are finally discussing what every Austrian economist has already known (and has already been advocating) since... before they were called "Austrian Economists". That we need the gold standard.http://www.nytimes.com/2010/11/14/opini … .html?_r=1So put that in...
by Doug Hughes 11 years ago
Think about it. The National Debt as a percent of the GDP (Gross Domestic Product) under FDR went from 50% of GDP to 120% of GDP. Where did the money come from? We are currently financing the deficit by borrowing from China (mostly). The US didn't borrow the money it spent on WWII, unless you...
by rhamson 9 years ago
What if we reinstated the gold standard to evaluate the dollar in its' current distribution. Since the debt standard has been blown apart in recent years could a real precious metal you can touch make a comeback?
by Alem Belton 10 years ago
Henry M. Littlefield was an was an American educator, author and historian who is best none for his analysis of "The Wizard of Oz". He breaks down the movie and connects characters, themes, etc. to Populism. Some agree, some disagree. Either way I thought this was...
by Gary Anderson 10 years ago
You mentioned in our discussion on another site that Alan Greenspan sold out. But really, he sold out by not regulating bubbles. You say he sold out by not having a gold standard. But a gold standard would cause credit to completely dry up. Some credit is necessary. And, BTW, the TULIP bubble was...
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