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gitonwithit

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gitonwithit

Re: None

Wednesday, 02/06/2013 10:27:41 PM

Wednesday, February 06, 2013 10:27:41 PM

Post# of 140146
"Since the gold standard determines the money supply, there is not much scope for the central bank to use monetary policy to stabilize the economy,” Bernanke said during a speech at George Washington University last year. "Under a gold standard, typically the money supply goes up and interest rates go down in a period of strong economic activity -- so that's the reverse of what a central bank would normally do today."

Read more: http://www.foxnews.com/politics/2013/02/06/virginia-is-one-step-closer-to-returning-to-gold-standard/?test=latestnews#ixzz2KBERDGvO

That's the whole point no?

the government cannot give anything to anyone -- that they have not first taken away from someone else.

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