posted on Jan, 25 2007 @ 05:18 PM
Oh and by the way the article I did post is a counter-argument it shows a history of Gold standard and some pros but concludes it can't work in
today's economy primarily because the world during the Gold standard was stable prices but low volatile growth and today's world is high stable
growth but volatile prices.
I believe his argument is strong against the Gold standard but that the Gold Standard seems to be the way to manage affairs when the world is not in
"hyper growth" as we see now with so many emerging markets.
Someday depression will happen again instead of inflation and we may then want to seek the Gold Standard.