To: SeekAndFind
Why should the size of the economy be limited by the amount of some shiny yellow metal we can dig out of the ground?
7 posted on
10/16/2012 7:14:08 AM PDT by
Ramius
(Personally, I give us one chance in three. More tea anyone?)
To: Ramius
A gold standard does not limit the size of an economy, only the amount the curency can be inflated. The economy doesnt grow because we continually inflate the currency calling it a larger number of dollars to denote the same buying power.
9 posted on
10/16/2012 7:28:08 AM PDT by
DesertRhino
(I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson