posted on Jan, 10 2008 @ 11:21 AM
The gold-standard would do nothing to improve whatever situation you feel we are in.
In short, you don't get anything out of a gold standard that you didn't bring with you. If your government is a credible steward of the money
supply, you don't need it; and if it isn't, it won't be able to stay on it long anyway. (See Argentina's dollar peg). Meanwhile, the limitations
on the government's ability to respond to fiscal crises, the necessity of defending against speculative attacks in times of crises, and the
possibility of independent changes in the relative price of gold, make your economy more unstable. It's a terrible idea, which is why there are so
few economists willing to raise their voices in support of it.
And please stop with all the doom and gloom. The middle class isn't going anywhere in 5-10 years. The world isn't going to end, and millions of
Americans aren't going to flee the country. (Seems I remember hearing these same sort of alarmist comments about 4 years ago)
Just relax. Ron Paul is NOT the second coming of Jesus Christ.