should the US go back to the Gold Standard?
Should the US go back to the Gold Standard?
Thomas Moore
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Nolan Hill
Sure, but only if we take all the gold in the rest of the world first
Adrian Perez
It should introduce a gold backed dollar as a second, new currency, and slowly phase out the old one. Fiat dollar would collapse, but the government would still have money. Debt crisis solved.
Aaron Miller
>should our currency be made from a rare material that has actual use in the economy due to its physical properties
No.
Xavier Hughes
You're right, let's just keep printing these arbitrary fucking papers.
Ethan Scott
No.
Jaxon Roberts
The value of gold is arbitrary
Brody Myers
Yeah but the central bankers cant make power then, so of course that would never happen.
Bentley Bailey
Gold is also an arbitrary standard kiddo.
Kayden Campbell
The real problem is usury and debt rather than equity financing.
Ryan Torres
No its not.
We humans have always given Gold it's value for whatever reason.
Human perception is what gives something it's value. Therefore if we think something has value it does.
Arbiters of meaning
Btfo
James Evans
We perceive fiat to have value, therefore it has value.
Problem solved, no need to go back to gold.
Lucas Turner
Doesn't matter. Nobody running things in this godforsaken country would ever do it.
Probably will go back to a gold standard for global trade, but only because the rest of the world makes Murica do it.
Evan Perry
Labor Treasury Certificates
Henry Roberts
if you want to know why.
Landon Morgan
...
Julian White
Your linear double standard doesn't work in the real world.
Xavier Sanchez
>We humans have always given Gold it's value for whatever reason.
We give lots of things value. Choosing which of these things to use as a basis for currency is........... arbitrary.
In any case it doesn't matter. Durable goods and time-saving labor have value, currency is a representation of that value. For currency to also have value in itself is a distorting force. You can see the effect of this by noting how gold standards actually operated rather than some kind of magical thinking. Gold Standard economies were remarkably complicated and run by the heavy hand of government in a way that would make most people shy away from today. This is necessary, though, because basically the economic equivalent of Russell's paradox would happen if a complicated system of price-fixing didn't take place, an severe distortions would develop.
Caleb Hall
It should be backed by gold, not be gold
Zachary Cook
The linear double standard doesn't work in the real world.
Lincoln Cox
rato no
Jose Ward
Polish boipussy looks quality
Brandon Jenkins
No, we need some kind of new standard. Platinum might work, but it could be too scarce.
Logan Thomas
They should make a Drumpf standard and replace the gold with cheetos
Josiah Ramirez
It really isn't.
Logan Sullivan
Oh my god why i fucking hate Sup Forums
Samuel Morales
Fuck.
That's literally Gold Standard.
James Turner
>value for whatever reason
Noble metals resistant to corrosion and oxidation have mystical power, user.
Jayden Hernandez
Nope. 1 easy reason. Ability to make gold is being produced. So it would be lime a bread standard.
Diamond might work. Bitcoin possibly.
Luke Long
I percieve fiat to have no value, therefore it has no value.
I percive gold to have little value, yet gold has a myriad of uses and is invaluable to many.
William Howard
We're closer to replacing oil than your alchemist pipe dream
Ian Foster
>Austrian intellectual
Hunter Thomas
Crypto currencies will probably take over.
Camden Edwards
Gold is a great conductor f.a.m. Also rappers love it in their teef.
Austin Young
No. The gold standard was a disaster waiting to happen. Nixon was right to take us off of it.
David King
And when gold is eventually easy to make the currency drops like my cock in your mums pussy.
Diamond can work. I think bitcoin is the best hope for austrian economics.
Jaxson Mitchell
The petrodollar will collapse sooner
Wyatt Ortiz
if youve ever seen or held real gold, you know why it is so coveted...it is deeply ingrained in our DNA to want this metal. probably because we wuz aliens n sheit
Hunter Morgan
>US infrastructure a shit
>currency a shit
>fuck the bankers and issue labor treasury certificates instead
>boom zero unemployment and a US made autobahn
>no debt
>no joos
Carson Miller
Gold or no gold, you need international capital controls.
Not implementing the Bancor was the biggest mistake in recent economic history.