[D6b2v1HA]

Unbelievable!

[Grainiary]

Governments definitely need to do more, their influence on the market is always super awesome. And if our corporate whore overlords in Washington didn't protect us, the sky would fall at least twice a day for eternity.

[AblemTee]

It'll all break down once BitCoin takes off...

[RonPeeredob]

Uh, we probably have more Paultards here than RINOS.

[Centurnion]

There is no turning back.

OTH Zimbabwe would, no doubt, have been better off with gold standard given Mugabe's unrestrained enthusiasm for printing money. That one example does not justify a return to the gold standard but it does show what can happen with unrestrained use of the printing presses.

[Wckcvhsg]

Also...

This meant the end of a historical and monetary rule that, from the dawn of civilization, had made money a general medium of exchange and also a store of value.

The United States — even when it was born in 1776 from a libertarian revolution against the arbitrary despotism of a British state that wanted to impose taxes without consultation...

[addyta.org]

Yay, zakuHL's back!

[TRASIAOREXOLA]

HalfLotus are you regularly following mises.org? I'll probably be at the Vienna
summit in September, let me know if you're there.

WRT fiat money, it seems ugly from US perspective, but being from a smaller
country, I have a bit different opinion on that than mainstream Austrian economists.

You see, in our (small) countries, fiat money is democratic. It was not really
imposed in a conspiracy. That is, people want it, even as they know all the
pros and cons. Small countries are rather nimble and agile politically, compared
to big USA. And there are approximately 200 of us small ones. Together we
constitute a kind of a "natural experiment" wrt different monetary policies.

If it were really beneficial to go on a gold standard, small countries could do it
easily. But it doesn't make sense... for one, rising gold prices would kill our
exports. We'd need to contract in fiat currencies anyway, like the Swiss are
doing now paying workers in euros.

If the US goes back to gold, by all means, let's all do it. But doing it alone would
be suicide.

[bawayTeen]

Aeson speaks the truth.

I drove a Fiat in the late 1970's soi I speak from personal experience.

All FIATs I drove were terrible terrible cars.

[bF8CCmmr]

No, crap from the 90ies