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Originally Posted by kingkilburn
I can refute your arguments all day long but I am tired of going over the same shit as when the thread was started.
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100% predictable response. You have not provided a single solid argument nor one shred of evidence in this entire thread, just vague assertions and instructions for everyone else to go read elsewhere. Meanwhile, you do not show any evidence of understanding the ramifications of what you are espousing.
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Nothing new has come to the table and no one has made a single point that absolutely refutes using a gold standard.
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That's because your mind is closed to opposing viewpoints. Nothing any economist or expert could say would ever sway your opinion. Besides, as I explained, a Gold standard is unworkable when we have such high trade imbalances. As long as we import $50 billion dollars a month more than we export ($600 billion dollars a year), it will be impossible to keep reserves of gold, as foreign countries will be free to cash their dollar surpluses into gold, constantly eroding our gold reserves. And there is no easy solution for our trade imbalances as long as we need so much oil to run our economy, and until we re-import much of our manufacturing.
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P.S.
Zimbabwe is the pinnacle of fiat currency. Why be in debt? Just make more money.
Gold has NOT risen. That is the crux of my argument. Over the last few hundred years the value of gold has remained almost unchanged while in comparison the dollar has dropped of sharply since going away from the gold standard.
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Another baseless assertion. You reject any valuations based on currency. So that only leaves valuations based on such arbitrary things such as loaves of bread, or number of pigs, or cords of wood. And you haven't exactly provided any evidence to say that gold is worth the exact same number of pigs as it did in 1700. Not that it would prove anything.
It is nothing more than
your opinion that the value of gold has not changed. That is hardly a strong basis for upending the entire currency system.