Thursday, May 22, 2008

A Message to Gold Standard Crusaders

As a gold standard crusader, I'm worried about the future. As long as we stay with the fiat dollar, our money will be nearly worthless if more hyper inflationists become the Federal Reserve chairman.
However, the Gold Standard may bring more frightening problems. Populists like Lou Dobbs and the Democratic Party (of the Irony) will end up fighting for Free Silver. This will be as dangerous, or even more dangerous, than the Fiat Dollar.
If we can ever return to the gold standard, I see free silver becoming an issue within a few decades. Unfortunately, I can see McBamaton fighting for it.
And this is the problem with populism. With a gold standard, it hurts the government (causes it to bankrupt) while the fiat dollar hurts businesses. This is mainly because without the issue of free silver, the populists will turn their sights to wages and some of the more socialistic ones will tax the rich to make one class which the parasite can devour.

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