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I Support Ron Paul For President

Some People Think That He Is Pretty "out There"

By: zincthink
Written on May 20th, 2011
Establishment-types think that Ron Paul is a dangerous extremist, but really when you think about it nobody is more dangerous to the world economy than "Helicopter" Ben. Money is a commodity, but Ben can make as much as he wants at the push of a button. Ben's cure for having printed too much money is to run the presses faster. Doing the same thing and expecting different results is the definition of insanity. Fiat money enables wars and abusive government behavior. Going back on the gold standard will benefit everyone.
By: zincthink
Age: 31-35 , Male
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2 responses
  • zincthink
    zincthink

    Prices are just a ratio of one commodity to another. With the fiat money standard that we have now, the commodity called money, whether dollars or pounds or yen or euros, can be expanded infinitely at the whim of central bankers and that leads to inflation. Central bankers are only human, and they will inevitably print more money than is needed, which will mean that it will take more monetary units to purchase a given commodity. Interest rate policies lead to malinvestments that exacerbate boom and bust cycles. A gold standard might not be the perfect monetary system, and everyone's idea of perfect is different, but at least it leads to price stability that make economic calculations easier for everyone who uses money.

    Sep 24, 2012
    1 like
  • blushingbelle
    blushingbelle

    How is a contemporary economy supportable on the gold standard? Jw.

    Sep 24, 2012
    1 like