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>I mean the gold standard - I dare any supporter on this blog to explain this will work to the rest of us. No cheating now or lazy responses.
Do your own legwork, champ:
http://en.wikipedia.org/wiki/Fiat_currency
http://en.wikipedia.org/wiki/Bretton_Woods_system
The Federal Reserve is a private bank. They create money out of thin air. Nice, eh? Unfortunately this leads to a transfer of wealth and currency devaluation. It's looting in a suit and tie.