Why the Gold Standard Is the World's Worst Economic Idea, in 2 Charts

Aug 27, 2012 Full story: www.theatlantic.com 13

Well, maybe not the world. Just the Republican Party. After a 32-year hiatus, the party's official platform will include a plank calling for a commission to look at the possibleA return of the gold standard .

Full Story
Gravediggers

United States

#1 Aug 27, 2012
'Mr Bill' = biased and slanted

“AVAUNCEZ!!”

Since: Aug 07

Eldora Iowa

#2 Aug 27, 2012
Hard times call for hard measures... I wonder why China is buying as much gol as they can? d States is the only country on the planet that tries to appease the world despite her own demise
xnutmegger

Phoenix, AZ

#3 Aug 27, 2012
Going back on the gold standard won't happen , just considering it is recognition to one of Ron Paul's ideas and nothing more.

“AVAUNCEZ!!”

Since: Aug 07

Eldora Iowa

#4 Aug 27, 2012
Yet keeping infaltion at an artificial level is almost as bad. The inflation rate MUST go up or down, that is a realitynd when the economy can no longer e artificial rates, we are gonna see chaos on a huge scale
excartpuller

Saint Paul, MN

#5 Aug 27, 2012
You can't go shopping with gold you have to convert to cash before you can use it which makes it impractical. Gold are for thrones and kings only.
xnutmegger

Phoenix, AZ

#6 Aug 27, 2012
excartpuller wrote:
You can't go shopping with gold you have to convert to cash before you can use it which makes it impractical. Gold are for thrones and kings only.
I can convert gold to cash at market price in :30 minutes and within 5 miles of my home and so can you if you are in metro Seattle.

“I'd rather be snowmobiling”

Since: Oct 07

8120'

#8 Aug 27, 2012
Gravediggers wrote:
'Mr Bill'= biased and slanted
Mr. Diggers, you might want to have your helper re-read the article to you. There are a number of online resources to help with the bigger words.

“I'd rather be snowmobiling”

Since: Oct 07

8120'

#9 Aug 27, 2012
xnutmegger wrote:
<quoted text>
I can convert gold to cash at market price in :30 minutes and within 5 miles of my home and so can you if you are in metro Seattle.
Mr. Megger, I can exchange the cash in my pocket for goods and services immediately. Metro Denver is a 6-8hr round trip from here, seems excessive for a pack of Chewlies.

“i hope we can change this!”

Since: Aug 08

usa

#10 Aug 27, 2012
basing the worth of money on SOMETHING?

novel concept.
Sheik Yerbouti

Warrington, PA

#11 Aug 27, 2012
Gravediggers wrote:
'Mr Bill'= biased and slanted
'gravediggers'= idiotic and redundant!

“Moderately yours....”

Since: Aug 12

Buffalo, NY

#12 Aug 27, 2012
carey529 wrote:
basing the worth of money on SOMETHING?
novel concept.
Something 'Market forces'
Commody Speculation
And our dear 'friend' China
Can manipulate...absurd concept.
Les Claypool

Fairfield, CT

#13 Aug 27, 2012
Gold is just for show. You don't need it to live.

Our currency is based on fuel.

“Moderately yours....”

Since: Aug 12

Buffalo, NY

#14 Aug 27, 2012
Les Claypool wrote:
Gold is just for show. You don't need it to live.
Our currency is based on fuel.
On a few key commodies...
On the value of Land
And our sound judgement

If you have borrowed the name
Give it back Les is too great
A bassist

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