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Ok, we agree on some points but Libertarianism is not the answer.
Backing our currency with gold is not the answer. Bretton Woods maintained a fixed exchanged rate which then also FIXED the value of gold. This system WORKED but make sure you read that twice before responding.
Having the "GOLD" there makes no difference.
The key is sound, strong and extremely conservative regulation placed upon banking. Credit should be hard to get and should be used for investments, it should never or least be extremely sparingly used for consumptive purposes.
Look at what Credit has done to the price of cars and houses over the years. People with desk jobs and low levels of education flush money down the toilet going out on credit purchasing cars with leather interiors, 20 inch rims, fancy dashboards etc. Money gets flushed down the toilet in housing on stupid crap like Granite Countertops, Hardwood floors, Stainless Steel faucets.
How much human capital, man hours and natural resources has America wasted on stupid junk like that?
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