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Tuesday, December 2, 2008 12:00 AM

Uncle Sam needs to go shopping. Not us

You want that discounted flat-screen TV. You want to help boost the economy. But I've got news for you.

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  • Tuesday, December 2, 2008 05:29 AM

    @AVEUTTER

    Going back on the gold standard, as the gold bugs promote, won't solve the money problem. There is not enough gold in the world to support the world's currency needs. The result will be massive deflation. Besides, the gold standard is no more rational than any other standard. "I've found metal. I'm rich! I haven't. I'm poor!" "I have a cow. I'm rich! I don't. I'm poor. For centuries, the world struggled with a monetary system that tried to supply money by using dual backing, usually silver. In the 16th century, Sir Thomas Gresham pointed out that this wouldn't work. Why not? Google Wikipedia.

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