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#29 |
![]() ![]() ![]() ![]() Drives: 2010 IBM 2LT RS Join Date: Mar 2010
Location: RI
Posts: 1,484
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#30 |
![]() ![]() ![]() ![]() Drives: 2010 IBM 2LT RS Join Date: Mar 2010
Location: RI
Posts: 1,484
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Well current estimates peg the worth of goal to be about half the worth of US money. Therefore either goal would have to be worth twice as much (from ~$1000 to ~$2000) or the worth of US money would have to be halved (sp?) and therefore your $1 is now worth $.50 etc. Plus the gold standard doesn't limit the amount of money that politicians can use as the price of gold can flucuate. Plus the gold worth vs. dollar worth will flucuate with the price of gold and you can see inflation/deflation unless you either print more money or mine more gold.
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#31 |
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The Mark of Excellence
Drives: 2010 ABM 1SS RS LS3 Join Date: Jan 2009
Location: Smallest State in the Union
Posts: 8,688
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The more taxes the government collects, the more money it will spend. Oh hell, they will spend money they don't have anyway.
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#32 |
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Thread Killer
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