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European Fascist Parties Ecstatic Over Brexit Vote

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Barefoot Grin6/24/2016 3:43:50 pm PDT

re: #443 calochortus

I tried to get my favorite wingnut relative to explain to me why gold has intrinsic value greater than, say, oats or coal that would make it a superior form of currency and he just couldn’t do it.

Yeah, I have had a few students—devotees of F. A. Hayek—who have it all worked out. I’m no economist, but I do know that there are any number of instances where the US economy went into depression even tied to gold (JP Morgan had to bail us out once or twice, iirc).