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To: Mark Adams who wrote (81648)	3/16/2001 3:08:16 PM
From: Ilaine	Respond to of 436258

Yes, and yes. If you look at a chart of US GNP or GDP, it's very clear that the economy started to recover immediately after the country went off the gold standard. I think that gold bugs will argue that the US didn't do the gold standard "right," and maybe that's true, I don't know what doing the gold standard "right" means. Maybe it means that the free market didn't set the price of gold and that is absolutely true. The world went off the gold standard during World War I and then some but not all countries went back on afterwards. The ones that did not go back on the gold standard did not suffer as bad in the Great Depression as the ones who did. I don't think it matters whether you use gold, salt, cowrie shells, cigarettes or those big stone things with the holes in the middle. Money is just a way of keeping score.