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Old 02-09-2008, 15:50 PM   #1 (permalink)
Wraith601
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Join Date: 11-23-04
Location: Mississippi
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The Gold Standard

Some background from Wikipedia.

There's been a lot of talk aboutt he gold standard with the current subprime mortgage situation coupled with rising inflation and a possible recession. Most of the talk from people like Ron Paul and his backers, but the hosts of local talk radio show constantly try to hype it up as an end all for all of our eonomic woes (but they're also protectionists and even with my limited economics background I can spot obvious errors in their logic, but I doubt employers would take kindly to arguing abuot the banking system on air ).

What are your thoughts on this subject? Do you advocate a return to the gold standard? Like the current system? Want some sort of hybrid system?
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