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To: bitt

Learn History...

We had huge deflationary depressions every 20 years when we were on the gold standard.

Congress also devalue the dollar everytime there was a major crisis, despite being on a gold standard.

And Congress used to borrow on the gold standard too. So there is nothing to stop them from promising your children will repay debts in gold, even if it’s more gold than exists.


10 posted on 10/10/2022 9:10:52 AM PDT by DannyTN (i)
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To: DannyTN

“We had huge deflationary depressions every 20 years when we were on the gold standard.”

By why let facts get in the way of some good old nostalgia?


27 posted on 10/10/2022 10:35:15 AM PDT by TalonDJ
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