Quote:
Originally Posted by satv365
Does printing a hundred billion dollars out of thin air effect our economy badly? Yes it raises inflation rates. My counter to that is your question is vague, A return to commodity backed currency would not revert back to some Global Depression.
They didn't when most of Europe switched to the Euro. Why would they then if America went back on the Gold Standard? Right after world war 2, America went back on a silver standard, did we plunge into a second depression?
My counter about welfare is no. I give to charity, I believe private charity would actually provide for them better in a lot of cases. And if they have parents, well look at them for blame. If you can not afford to have Children, Don't have them adn expect me and others to pay for them.
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Hmm...now you are answering my question WITH a question.
I (again) guess I was not being clear. I'll try it one more time.
1. How do you imagin accomplishing this switch back to a gold or silver standard without it causing economic chaos in the US and abroad? Just a sketch would be nice. As to your indeed, rather vague questions: after WWII the economy was on fire and growing, but a fraction of what it is today. We count our economy in $trillions today; the US budget rounds $100 BILLION to the nearest 0...
2. Let's (re)set the scenario: mid-late 80s, nat'l and (my) local econ. in serious trouble. Private charities saying "we are full up!" Public welfare...same scenario (and our population was what, 1/4 fewer than it is today with all the illegals?). Question: if private charities are "full up" what will you as a Libertarian, in a Libertarian socio-political-econ system, do with the children of people who cannot or will not care for them?
If there is anything unclear in that question, just ask and I'll try to clarify.
Tokie
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