Current Events > So why are people against the Gold Standard?

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Other than the fact government economists teach us it's bad? Under the Gold Standard a regular family could afford a house, a car, college, and a dog while have actually having money in their savings. Ever since Nixon put on this freely floating exchange rate bullshit the average person has been sucked dry while corporations have gotten richer. Poverty is higher than ever, most people are one check away from being homeless. I'm not saying the Gold Standard is perfect, but's it's preferable to a system where the government can print trillions of dollars to spend on useless shit and tax cuts that destroy the economy and bankrupt the middle class.

Gold standard had nothing to do with any of that.
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ron paul 2012
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OldSnakeLiveon8 posted...

Under the Gold Standard a regular family could afford a house, a car, college, and a dog while have actually having money in their savings

Is this attributable to the gold standard or the US being one of only a few industrialized countries not devastated by World Wars?
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Because the value of gold can be controlled by whoever produces it. Think before you type
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CirocObama posted...

Fuck i thought this was about the golden ratio, and you were gonna post hot chicks with dat ratio.

I thought this was about the golden rule.
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I knew this wasnt about Ari Gold but I was hoping it was.
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"tell me why the gold standard is bad without explaining economics to me"

The move away from the gold standard isn't responsible. The rapid increase in cost of living - and the constant attempt to "fix" it via means that have repeatedly made it worse - is responsible.
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Gold isn't worth as much as currency, and currency has no finite limit. The gold standard always is there though.
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