Comment

The Mainstreaming of Ron Paul

139
Devil's Advocate5/07/2009 5:19:41 pm PDT

re: #125 jcm

You misunderstand the objection. See also, re: #107 ArchangelMichael

How do you tie a expanding economy’s currency to a fix amount of anything without a proportional deflationary effect on the currency?

Gee, I dunno, maybe because we had the greatest economic expansion and growth in world history from 1776-the early 1900s on a bi-metal”fixed” standard.