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Old 06-14-2008, 02:46 AM
pjethwani pjethwani is offline
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Join Date: Jan 2008
Posts: 15
Default Is Gold Standard really the Silver Bullet?

Hi Dave,

I recently saw some videos on YouTube that argued how the Federal Reserve has constantly eroded the value of Dollar etc. and how the Gold Standard will solve all our problems.

What do you think are the limitations of Gold Standard?

Fine enough, it could control inflation, but will it curtail growth?

don't we need to grow credit to keep pace with the growth in economy? I mean, if there are more goods and services in the economy then then theoretically there should be more credit available to buy them - however, there is only a limited amount of Gold available and the demand might out pace supply thus hindering growth?

thanks for your time Dave
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