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To: bitt

Gold Standard people are never able to answer the question as to why the Gold Standard was abandoned in the first place, because of the economic instability it introduced, which lead to the creation of the Federal Reserve. Why should we return to something that was considered very broken? Why should we return to the Gold Standard, when in the 19th century the volatility in the price of Gold, caused two serious depressions?


8 posted on 10/10/2022 9:07:51 AM PDT by MichaelRDanger
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To: MichaelRDanger
Gold Standard people are never able to answer the question as to why the Gold Standard was abandoned in the first place, because of the economic instability it introduced, which lead to the creation of the Federal Reserve.

The gold standard actually serves to limit instability by curtailing excess credit.

Greenspan explains this more succinctly that I think I could, but if there is something yet unclear after you read it ask and I'll try to better explain:

Gold and Economic Freedom

36 posted on 10/10/2022 2:05:37 PM PDT by Gunslingr3
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To: MichaelRDanger

Gold Standard people are never able to answer the question as to why the Gold Standard was abandoned in the first place

- - - - - - -

It’s very easy to answer.

Anyone with a brain can.

Because the government wanted to print more money.


38 posted on 10/10/2022 7:12:48 PM PDT by TTFX
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