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Old 03-08-2011, 01:44 PM   #7
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Join Date: Aug 2007
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Default Re: What America was built on, Vs what it's been replaced with.

Originally Posted by joe
Straying from these principles is what has got us far behind. As you note, "not that we arent there aleady." How do you think we got here? It sure as hell wasn't sound money or free markets. Haven't had either of those for quite some time.. especially sound money.

Your idea of going back to the gold standard is not only impossible to implement in the present day, but it's also stupid. It'd be terribly impractical, it'd limit and constrain your economy and its potential and it'd leave your country powerless towards its own monetary policy, because it'd be subject to an exogenous and very erratic factor like the the price of gold is.
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