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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (68794)	1/3/2007 1:40:52 PM
From: Moominoid	Respond to of 74559

Exactly - the goldbugs who are actually intelligent just want some limit on how much currency the Fed can issue. They also probably want fairly high and strict reserve ratios. But IMO and the opinion of mainstream economists it doesn't make sense to suffer through a severe gold standard induced recession when the government/central bank could increase credit available. Britain tried this in the 1920s. But "Austrian Economists" think one must suffer whatever recession either now or later.... To my mind none of these alternative old schools make any more sense than their political opposite Marxism. Mainstream economics has its faults for sure but tries to progress based on empirical observation...