Thus said Michael Torrie on Thu, 04 Dec 2008 13:14:06 MST: > Interesting that Libertarians call for a return to the gold standard, > which would have the effect of nationalizing the national reserve (not > necessarily a bad thing) and require explicit government control over > the price of gold.
I think you misunderstand what this ``return to gold standard'' issue is all about. It's not about having the government control the price of gold. It's more about letting the market choose what commodity should be used as money, and that has been traditionally gold. If government has anything to do with it, it would be to define a dollar as a fixed weight of it. E.g. $100 has .10 oz of gold in it. You know, kind of like Congress did in the Coinage Act of 1792 (which by the way simply recognized the already existing standard of Spanish milled silver coins that were in circulation). Andy -- [-----------[system uptime]--------------------------------------------] 10:31pm up 4:31, 2 users, load average: 1.18, 1.13, 1.11 /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
