Originally Posted by Airelon

Pj, excellent points, and this is something that sort of grinds on me - so I'm going to weigh in a bit here.

People speak that debt shouldn't fuel growth. On one side of the coin that's true. But I think they should be qualifying their statements: Stupid debt should not fuel growth.

But there's a big difference between stupid debt, and responsible debt. When debt is used to purchase luxuries - then it's pretty stupid debt. When debt is used to fuel things like: infrastructure and productivity - then it's responsible. And it's something that Gold, quite frankly - cannot keep up with. In addition, all of the debt that the U.S. currently has - needs to be paid. We can't just make it disappear because we've switched to a gold standard. And that cannot be done with gold. There just isn't enough of the stuff. It couldn't even be done with Gold and silver. Then there is the entire impact of those areas of manufacturing that rely on gold and silver in their products.

Solutions being touted as to "switching to the Gold standard" are akin to trying to cure the cancer by killing the patient - or in this case - the economy.