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Political & Elections -> Political & Elections - 2014 -> fiat currency or tied to the gold standard
Post Info TOPIC: fiat currency or tied to the gold standard
longprime


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Date: Jan 2, 2012
RE: fiat currency or tied to the gold standard
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Six months ago the R's were worried about runaway inflation from Obama's deficit spending for economic stimulation and collapse of family units. 

Either fiat or  gold standard will really hurt small business people by contracting the money supply. If you notice they are no longer talking inflation but the failure of Obama's spending...Which cracks the door open for the next President to spend money but in a "different" way. evileyeevileye



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longprime


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Date: Jan 2, 2012
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I want a candidate who reflects my views. Having a candidate who doesn't reflect most of my views is like voting for the status quo. He's an old man, he needs a successor,. I don't see any of the potentials as potent viables.

RP is leading in the polls in Iowa.

-- Edited by longprime on Monday 2nd of January 2012 08:38:12 AM

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SamuraiLandshark


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Date: Jan 2, 2012
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Now it looks like Santorum has a chance to shine in Iowa.

Just what Pima said.  Its a short ride at the top in the GOP race for the White House.  



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pima


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Date: Jan 2, 2012
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longprime you keep bringing up Paul as if he is a viable candidate, but I think if you ask the R base, nobody would agree with that premise. The same as although many R's felt Gingrich was the "smart" candidate he wasn't the viable candidate and that is why he sank like a rock as soon as he made it to the top.

Paul is the same.

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longprime


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Date: Jan 1, 2012
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I think Ron Paul oughta put some fear into Republican Congresses for spending so much money without future accounting. Yes I know that Obama and the current Congress has spent more than a boat load of money but the alternatives could've been a lot worse-The you say we've should have let the weak die...

When the weak don't eat-the Wealthy will eventually starve.

 

 



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SamuraiLandshark


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Date: Jan 1, 2012
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I can't do it, but here is a pretty concise explanation in a link from about.com.

http://economics.about.com/cs/money/a/gold_standard.htm

I am sure those that understand it more fully will explain in greater detail.



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Tom1944


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Posts: 148
Date: Jan 1, 2012
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I posted this on CC but I may get in trouble.

 

Can someone- or many of you give me some basic understanding of each system. Who benefits from either and why?



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