Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (26180)	7/29/2000 2:54:42 AM
From: nihil	Read Replies (1) \| Respond to of 769670

Where is my argument inaccurate or partisan? The entire period was based on a total misunderstanding of economics, and monetary policy has always been a struggle between inflationists (coin clippers) and deflationists. Can't you see that Cleveland and the Republicans were both wrapped up in outworn gold worship. The gold standard was always disastrous for everyone who touched it. That EB crap is amatuer monetary history. Milton Friedman says that if the paper money supply were allowed to grow steadily at four or five percent (or any small number) we would have endless decades of prosperity. No one believes this, because Milton is widely regarded as a monetary crank, but I believe that, on the whole, he is correct. Notice that every time a country gets in war trouble it abandons gold and prints paper money -- like our Civil War greenbacks and National Banknotes.