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Originally Posted by rlbond86
3. He wants to abolish the Fed and move back to the Gold Standard. Most economists will tell you that this is a Very Bad Thing, because the gold standard was stagnating the economy before.
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Most economists only know what they learn in school. The reality is that the gold standard helped us to avoid artificial inflation, which only makes it seem as if it stagnates the economy. If we're the only country in the world to have a gold standard, we go up and gold goes up, together. So long as we're the only ones with gold standard, we won't stagnate that much.
Everything else you said, though, is absolutely right.