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Kindly see the following, a very logical, fact based and eloquent repudiation of goldbug nuttiness:
http://www.huppi.com/kangaroo/L-gold.htm
Like most everything else that right wingers claim, the problems with our monetary systems aren't the tools, but instead the user....to mix my metaphors and analogies, putting incompetent corrupt scumbags in the drivers seat, and then having their cake and eating it by taking it as proof that the vehicle doesn't work correctly so it is imperative that we throw the baby out with the bathwater in order to gain recourse.
Is that a convoluted mess? Well, that's the thought process.
I do think that the characterization by the author of this was spot on.....enthusiastic idealistic know nothings (who are in many cases ignorant to the degree that they do not realize the depths of their ignorance)......it never fails to astound me how people that want to depend on "the market" to fix everything know virtually nothing about how it actually operates.
Vitam Vas