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Linking a currency to a finite resource like gold or silver means that the amount of money could never go up. This is a serious problem in today's world, with all the international trade. Given that China gets more money from the US than the US from China, for example, you could simply run out of cash. It's simply not possible these days.
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So, lemme get this straight...you just admitted that a precious-metal standard would prevent the US from entering its' disastrous current situation with China; ie a massive trade deficit. How is this a bad thing?
As for preventing inflation, the US Gov't (through which the banks comprising the Federal Reserve act) is actively inflating the currency in order to have enough money (in raw, dollar-amount terms) to make payments on our National Debt and attempt to pay for, among other things, a welfare state and a hugely expensive military.
Compared to the buying power of $1 in 1906, the Federal Reserve Dollar is worth about six cents.