View Poll Results: Would going back to the gold standard work?

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  • Yes

    4 16.00%
  • No

    17 68.00%
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Thread: Would going back to the gold standard work?

  1. #11
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    Re: Would going back to the gold standard work?

    Quote Originally Posted by earthworm View Post
    This is opinion based, as I have not all the necessary knowledge.
    By rights, I should not have voted.....but...
    I feel that the original decision, back in the previous century was good and necessary.
    Simply stated, we did not begin to have that much gold....so we had to use a "faith based" paper standard.
    Reverting will not work today..
    What we need is a better people....
    ...or stronger faith.

  2. #12
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    Re: Would going back to the gold standard work?

    Quote Originally Posted by polisciguy View Post
    Explain your answer as well, please.
    Define "work".

  3. #13
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    Re: Would going back to the gold standard work?

    America would have to become fiscally responsible overnight. Good luck with that.

  4. #14
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    Re: Would going back to the gold standard work?

    Well, money based on NOTHING has certainly done wonders for our nation....

    What an utterly stupid idea... Just one of the many things the founders did not want the government in control of... and yet again we find ourselves in that bad spot.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  5. #15
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    Re: Would going back to the gold standard work?

    Quote Originally Posted by polisciguy View Post
    Explain your answer as well, please.
    No, not in today's global economy. The market on gold would be too easily cornered and you would leave the value of your currency vulnerable to the whims and pit falls of the market. It's a great idea, when things were well more isolated it was likely the better way to go. But currency is a major part of sovereignty and therefore a sovereign State needs control of the value of the currency. As such in today's global economy, fiat currency is an unfortunate necessity. It does mean you'll need transparency and control of government, and of course any organization that prints and regulates the value of our dollar is directly controlled and owned by Congress.

    That being said, I wouldn't be opposed to allowing a competing, metal backed currency. But the official currency of the US would need to be the fiat dollar.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
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  6. #16
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    Re: Would going back to the gold standard work?

    I'm actually remarkably unconcerned about having a fiat currency.

  7. #17
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    Re: Would going back to the gold standard work?

    Quote Originally Posted by polisciguy View Post
    Explain your answer as well, please.
    Define "work". If you mean would it function as designed, sure. If you mean is it desirable in comparison to fiat currency, then clearly no. No only would it leave us vulnerable to people manipulating the supply of gold, it would also leave us with fewer options to react to economic effects on the country.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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  8. #18
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    Re: Would going back to the gold standard work?

    Quote Originally Posted by Redress View Post
    No only would it leave us vulnerable to people manipulating the supply of gold,
    As if 'people' and 'government' haven't been manipulating our fiat currency for decades? How hard has it been for them?
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  9. #19
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    Re: Would going back to the gold standard work?

    Quote Originally Posted by Arbo View Post
    As if 'people' and 'government' haven't been manipulating our fiat currency for decades? How hard has it been for them?
    It's not. That's why you need a large amount of transparency with fiat currency. The problem is that the available population of people able to significantly influence the value of your currency increases drastically with a metal backed currency compared to that of fiat.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  10. #20
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    Re: Would going back to the gold standard work?

    Quote Originally Posted by Ikari View Post
    It's not.
    Sorry, but such a belief is ignorant of both history and current fed 'pumping' ...
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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