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Re: [PR&C] Presidential Race 2016

Subject: Re: [PR&C] Presidential Race 2016
by CentralCoaster on 2015/8/13 21:41:23

Quote:

GRIS wrote:

MARCUS, CHURCHILL PUT ENGLAND BACK ON THE GOLD STANDARD WHEN HE WAS CHANCELLOR OF THE EXCHECKER AFTER WWI. IT WAS SUCH AN UNMITIGATED DISASTER EVEN HE ADMITTED IT. (THIS FROM THE MAN WHO SAID,"I KNOW HISTORY WILL BE KIND TO ME, FOR I INTEND TO WRITE IT.")


I'm reading up on it now. I don't doubt going to a gold standard (aka real value) would be a nasty cold shower for most of us.

But it would be nasty only because we're living in a make-believe economy, that is perhaps unsustainable.

Consumer spending is supposed to be a sign of a healthy economy, but if they're not spending their own money, who gives a shit?
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