I'm obivously referrencing the old gold standard and the fact that everyone on this forum is damn convinced that gold is going to be the new medium of exchange.
and Nata, How can you possibly say that? It just blow's my mind. A few year's of pause in an economic expansion lasting the last several decades?? Where people live in large houses driving huge cars around? A middle class person today can afford luxuries only the rich could afford just a few decades ago. IS that what hasn't been working for so long?
The major reason the world has experiened the rapid economic growth, and ENORMOUS increases in living standards of the last 40 YEARS is because of the current fiat monetary system.
Why did the great depression last for so long? Because government had NO tools to increase the money supply, they just couldn't do it.. The latest destruction of wealth lasted for what, a few months??
Problems are caused by idiot's like SWITZER (lol) running around in congress referencing their 1942 economic textbooks! + the brainless sheep hell bent sure that a surplus is JUST what America needs.