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The Gold Standard Gets Another Look

conservative_librarian Wrote: Aug 30, 2012 4:26 PM

I didnt say it was perfect. We dont have a much better measure available though (China is producing a lot of infrastructure for instance that is sitting vacant)... and the problem causing the distortion there is more the softening of lending requirements (what I mean is that GDP should be a good measure, but the availability of capital for borrowing is way out of balance, which is tied back in to what the fed is doing with money... so it can be a vicious circle.

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The Gold Standard Gets Another Look

As Republicans convene in Tampa to nominate Mitt Romney and hammer out their party platform, one of the planks that could attract the most attention is the Party's official position on the gold standard. As it is now being considered, the platform stops short of recommending a return to the gold standard, but does advocate a commission to consider the possibility. However, judging by the reaction with which many Republicans have greeted the idea, one would think that the platform might as well have called for the return of slavery.

The fact that so many supposed conservatives...

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