Re: My Advice to my Conservative Friends (Politics Debate Forum) 11/22/2009 1528231

Re: My Advice to my Conservative Friends

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Re: My Advice to my Conservative Friends

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Federal Reserve - I have been there. Yes they have a powerful influence. But what system is better and why? We can go back to the gold standard instead of debt money but what good would that do? Have you seen the price of gold lately? It closed around $1,150.00 an ounce. Just think of what the gold standard would do to prices. $10,000.00 an ounce maybe? Perhaps it would be better to monetize a basket of commodities.

Would you say there would be no up and down cycles in an economy without the Fed? I don't buy that line.

All of my messges on this board All of my messges anywhere

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Re: My Advice to my Conservative Friends

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