Comments on: What “Gold Standard”? http://blog.lawsonforcongress.com/2007/08/12/what-gold-standard/ Peace, Prosperity, and Liberty Tue, 06 Jan 2009 10:22:39 +0000 http://wordpress.org/?v=2.5.1 By: Jake http://blog.lawsonforcongress.com/2007/08/12/what-gold-standard/#comment-7578 Jake Mon, 13 Oct 2008 01:58:05 +0000 http://blog.lawsonforcongress.com/?p=10#comment-7578 Charlie - Gold holds Governments accountable - you can't print more gold but you can always print more paper. The Fed even stopped providing Congress with M3 data - we're essentially clueless as to how much they're really printing. As Ron Paul has said numerous times - Fiat money always goes to zero, it becomes as worthless as the paper it is printed on. This has been proven hundreds of times throughout history. Crack addicts receive negative feedback all the time - it's usually not enough to stop the addiction if they're sitting on top of an endless supply of crack Charlie - Gold holds Governments accountable - you can’t print more gold but you can always print more paper. The Fed even stopped providing Congress with M3 data - we’re essentially clueless as to how much they’re really printing.

As Ron Paul has said numerous times - Fiat money always goes to zero, it becomes as worthless as the paper it is printed on. This has been proven hundreds of times throughout history.

Crack addicts receive negative feedback all the time - it’s usually not enough to stop the addiction if they’re sitting on top of an endless supply of crack

]]> By: Paul http://blog.lawsonforcongress.com/2007/08/12/what-gold-standard/#comment-7565 Paul Sun, 12 Oct 2008 18:50:11 +0000 http://blog.lawsonforcongress.com/?p=10#comment-7565 Exactly. I think that position has been grossly misrepresented. Although it was a mistake to orginially go off it, what we need is monetary choice, not a return to the gold standard. I agree -- getting that genie back in the bottle would be near impossible -- but why should we be forcing people to use government fiat money? Shouldn't people be free to exchange goods the way they choose? The way the fed manipulates money, and takes our money through inflation (money's worth less than 3% of what it used to be), forcing people to use federal reserve notes would be like me forcing people to keep their savings in my tip jar. It's theft, plain and simple, and it's unbefitting of a free society. Let people choose!! Exactly. I think that position has been grossly misrepresented. Although it was a mistake to orginially go off it, what we need is monetary choice, not a return to the gold standard.

I agree — getting that genie back in the bottle would be near impossible — but why should we be forcing people to use government fiat money? Shouldn’t people be free to exchange goods the way they choose? The way the fed manipulates money, and takes our money through inflation (money’s worth less than 3% of what it used to be), forcing people to use federal reserve notes would be like me forcing people to keep their savings in my tip jar. It’s theft, plain and simple, and it’s unbefitting of a free society. Let people choose!!

]]> By: BJ Lawson http://blog.lawsonforcongress.com/2007/08/12/what-gold-standard/#comment-7480 BJ Lawson Fri, 10 Oct 2008 15:33:48 +0000 http://blog.lawsonforcongress.com/?p=10#comment-7480 Charlie -- I agree, gold is not the (only) answer. The real issue is monetary choice. http://blog.lawsonforcongress.com/2008/09/28/a-bipartisan-drama-resuscitating-a-dying-republic/ http://blog.lawsonforcongress.com/2008/09/20/time-to-fight-the-real-war-on-terror/ BJ Charlie — I agree, gold is not the (only) answer.

The real issue is monetary choice.

http://blog.lawsonforcongress.com/2008/09/28/a-bipartisan-drama-resuscitating-a-dying-republic/

http://blog.lawsonforcongress.com/2008/09/20/time-to-fight-the-real-war-on-terror/

BJ

]]> By: Charlie http://blog.lawsonforcongress.com/2007/08/12/what-gold-standard/#comment-7476 Charlie Fri, 10 Oct 2008 13:56:07 +0000 http://blog.lawsonforcongress.com/?p=10#comment-7476 Although I agree that the federal reserve can do us wrong, I disagree even with your "real" gold standard. A floating currency provides us with essential negative feed back that SHOULD correct our trade imbalance. If the federal government stopped borrowing money from china, the relative value of our currencies would change until trade was balanced. The problem is the federal deficit, not a floating currency. I love Ron Paul's and BJ Lawson's positions, but I fear their radical opinions on currencies and taxes will overshadow their more important positions on government size and debt. The value of gold is as artificial as treasury notes. You could as easily pick oil, diamonds or seashells as a standard. Although I agree that the federal reserve can do us wrong, I disagree even with your “real” gold standard. A floating currency provides us with essential negative feed back that SHOULD correct our trade imbalance. If the federal government stopped borrowing money from china, the relative value of our currencies would change until trade was balanced. The problem is the federal deficit, not a floating currency.

I love Ron Paul’s and BJ Lawson’s positions, but I fear their radical opinions on currencies and taxes will overshadow their more important positions on government size and debt.

The value of gold is as artificial as treasury notes. You could as easily pick oil, diamonds or seashells as a standard.

]]> By: Nate N. http://blog.lawsonforcongress.com/2007/08/12/what-gold-standard/#comment-7368 Nate N. Wed, 08 Oct 2008 00:47:12 +0000 http://blog.lawsonforcongress.com/?p=10#comment-7368 Yeah, I used to think Ron Paul was right on everything except the Gold Standard, but that's because I never really understood it. To hell with this debt-based system. We must be insane to think allowing the Federal Reserve to exercise a monopoly over our money is somehow a good idea... Yeah, I used to think Ron Paul was right on everything except the Gold Standard, but that’s because I never really understood it. To hell with this debt-based system. We must be insane to think allowing the Federal Reserve to exercise a monopoly over our money is somehow a good idea…

]]> By: danielle http://blog.lawsonforcongress.com/2007/08/12/what-gold-standard/#comment-5 danielle Thu, 01 Nov 2007 23:48:36 +0000 http://blog.lawsonforcongress.com/?p=10#comment-5 thanks please post more because this is largely misunderstood position of pauls thanks please post more because this is largely misunderstood position of pauls

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