Recent content by PaulFrazee

I'm sorry Tom, but, yet again, that does not answer my question. I'm not denying that we need a way to limit the debauching of currency by our government. I'm asking whether the gold-standard can be debauched by natural happenstance (discovery of massive gold veins) or by market manipulations...

Anybody? I would actually really like an answer to my questions. If the gold standard really is the solution, I'd gladly adopt it.

I appreciate that article, but the question is not whether gold would effectively limit the creation of credit. That much is certain. The question is whether a gold-standard would subject the currency to the tumult of the gold market, and whether it would accurately reflect the value of all...

How so?

I agree completely about this forum. I actually just made a new site myself -- www.open-floor.net. It's not 100% ready for action, but I have high hopes. Please don't mistake me; I'm not here to disparage this forum. I'm here to engage with you guys and build solutions. This is the kind of...

A good investment? Perhaps. A good backing for currency? Not at all. In fact, the only reason it is a good investment is that it exists outside of the tumult of a currency. If you combined the two, it would become a persistent target for manipulation. There's another thread talking about the...

Gold has the potential to be one of the more stable long-term investments, but the 1980s spike is exactly why we could never settle on a gold-standard. It would leave our economy far too vulnerable to manipulation by outside forces. As problematic as Federal money-printing is, it's still...

Don't assume that Washington is incapable of good policy. Any inability to hold our lawmakers accountable is a failure of the system in other ways than monetary policy. If we stop addressing congress with hostility, and reinvest in the system, perhaps we can rebuild trust with our leaders...

The important idea is to limit the federal government's power to generate debt. I doubt, however, that precious metals are the best way to do that. It makes little sense to tie currency to the availability of one resource. If currency was pegged to gold, and America put out more product than...

You're correct that drug criminalization results in criminal activity, but the concept doesn't extend so neatly. By your suggestion, the best way to keep criminals out is to have nothing of value. Minimum wage and unemployment are highly valued assets to citizens of our nation. We have to...