Would this work?

[ohio herd]

I am not taking a position on this. I am intrigued by it. Trump has floated the idea of the USA returning to a gold backed money system.Any thoughts on this? Here is my initial thought on this :The benefit of a gold standard is that a fixed asset backs the money's value. It provides a self-regulating and stabilizing effect on the economy. The government can only print as much money as its country has in gold. That discourages inflation, which is too much money chasing too few goods.

https://www.forbes.com/sites/ralphb...ncy-to-make-america-great-again/#4695618a4d54

 

[Raoul Duke MU]

Ha.

Want prosperity? Let's blow up half the fvckin' world again. It worked the last time.

 

[ohio herd]

Ha.

Want prosperity? Let's blow up half the fvckin' world again. It worked the last time.

hey Rauol we left the gold standard in 1933 what do you mean by that? Are you saying that led to WW2?

 

[GreenDuke]

hey Rauol we left the gold standard in 1933 what do you mean by that? Are you saying that led to WW2?

I believe he is saying the incredible prosperity of the US during the second half of the 20th century has a direct link to WW2 and the fact that our economic rivals were in ruins for years and it took them decades to rebound. America was basically unscathed and rip roaring by the late 40’s.

 

[Raoul Duke MU]

what do you mean by that?

I mean the last time we were really booming we had blown up half the world and we were the only ones left that could still make stuff. Then we squandered the wealth that brought on military spending and accumulating the leftover wealth at the top 1% through idiotic tax policies.

There is no magic solution to bring back the prosperity of the post-war era. Us white people of a certain age like to think America is this thing that died somewhere between Nixon and Reagan. It was good while it lasted.

 

[Dorrej]

I mean the last time we were really booming we had blown up half the world and we were the only ones left that could still make stuff. Then we squandered the wealth that brought on military spending and accumulating the leftover wealth at the top 1% through idiotic tax policies.

There is no magic solution to bring back the prosperity of the post-war era. Us white people of a certain age like to think America is this thing that died somewhere between Nixon and Reagan. It was good while it lasted.

“We” didn’t blow up half the world, they did that themselves. And the US had over 1/3 of the world’s production capacity before the war started, so don’t act like the powerful economy was a product of other countries being in shambles.

 

[ohio herd]

I mean the last time we were really booming we had blown up half the world and we were the only ones left that could still make stuff. Then we squandered the wealth that brought on military spending and accumulating the leftover wealth at the top 1% through idiotic tax policies.

There is no magic solution to bring back the prosperity of the post-war era. Us white people of a certain age like to think America is this thing that died somewhere between Nixon and Reagan. It was good while it lasted.

You know, I agree that explains some of our prosperity but not all of it during the post WW2 years.. I read the book Megatrends years ago and that was the premise of the author. So is the gold standard good or bad?

 

[Raoul Duke MU]

“We” didn’t blow up half the world, they did that themselves.

We won. So let's be hyperbolic and claim we did it. Yeah.

And the US had over 1/3 of the world’s production capacity before the war started, so don’t act like the powerful economy was a product of other countries being in shambles.

Last man standing.* That is all that counts. And powerful < dominant.

Sure, Russia wasn't in total shambles. But Russia lost 25m people in WWII. Yikes.