Quote Originally Posted by bu villain View Post
I wouldn't want to live in a country that couldn't regulate the supply of currency. Look at the economic conditions when we were on the gold standard. There were economic depressions regularly, you had runs on banks and panics . The whole reason the Fed was created in 1913 was in response to this. Dollars stopped being redeemable for gold after the Great Depression. People saw what chaos the gold standard could cause and said enough. I think the fact that 2008 was the first time we had a depression and we have had no bank runs in the last 80 years is pretty convincing evidence that our current system is better than the alternative.
There were MASSIVE bank runs. Are you just trolling or selective memory?

The only difference is banks were given TRILLIONS of dollars to remain open, than at the FDIC bailed most consumers out. The only difference between 2008 and 1930s were that we had trillions to artificially print, in the 1930s, we couldnt because we were tied to the gold standard.

you traded 5-10 years of hardship, for 20 years of mediocrity.

The Federal Reserve tries to control the currency by injecting fake money into a system. When the dow plummets, they throw 5 trillion in fake money into the system. Which is why you are seeing massive food price spikes, gas prices rising , consumer prices going up, most of the money is still parked on the side, but eventually, itll make its way back into the economy. They cant just make it vanish