Originally posted by dadudemonWe had the gold standard for a long time, I'm not sure on which point you are attacking Ron Paul as an "economic idiot"...
He is an economic idiot when it comes to "gold backed currency." A diversified backed currency, however, may be a good idea.Well, I went down the list with Ron Paul, before...on KMC. But I agreed with, I believe, 77% of his policies.
Originally posted by Firefly218
We had the gold standard for a long time, I'm not sure on which point you are attacking Ron Paul as an "economic idiot"...
Gold Back Standard Problems:
http://bigthink.com/delancey-place/the-problem-with-the-gold-standard
Originally posted by dadudemonThe USA has no shortage of gold. The New York gold reserve is the largest on planet Earth. So I don't see too much of a risk in reverting back to the gold standard tbh, but who knows.
Gold Back Standard Problems:
http://bigthink.com/delancey-place/the-problem-with-the-gold-standard
Perhaps we wouldn't be operating from a place of such extreme indebtedness or have made such reckless economic decisions had we been under the gold standard. In fact, we probably would've never experienced the housing bubble or any of that bullsh!t caused by banks.
I'm not gonna say ron paul is an idiot on this point, it doesn't seem that bad an idea. I also wouldn't be completely supportive of a gold backed dollar either.