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From: cliff@unmvax.UUCP
Newsgroups: net.politics.theory
Subject: Re: The gold standard.
Message-ID: <650@unmvax.UUCP>
Date: Fri, 8-Feb-85 01:00:49 EST
Article-I.D.: unmvax.650
Posted: Fri Feb  8 01:00:49 1985
Date-Received: Wed, 13-Feb-85 02:15:55 EST
References: <613@ukma.UUCP> <368@harvard.ARPA>
Organization: Univ. of New Mexico, Albuquerque
Lines: 21

> If the gold standard was working so well, why did we give it up?
> (This is a genuine request for information.)
> 
> Rich
> -- 
> 
> 	"If I am conceited, it is the conceit of an amazing man
> 	 who has never found any surpassing himself."
> 
> 						Al-Mutanabbi

The gold standard is not as tolerant of the Fed tampering with the money
supply as the fed wanted would have liked.  It is easy to dupe the citizens
into a false sense of security with fiscal tricks.  This sort of thing is
encouraged by our political system, because it allows the politicians to
look good while in office whilst passing off serious problems to the next
guy.  Take a look at the national debt for an example of the sort of fiscal
buck passing that goes on...


				--Cliff