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Re: My latest Libertad NEWPS ~ 1987 ~ post yours!
I have 1 or 2, I'll try and find them and take some pics. :) (View Post)1 -
Re: what would have happened if the us had stayed on the gold standard
Or...it would have functioned like it did for decades with the price level unchanged and the gold price unchanged. We would also have a much SMALLER GDP. Your problem is you think ALL DEBT is bad. It… (View Post)1 -
Re: what would have happened if the us had stayed on the gold standard
50% of the country was agrarian farmers during that time. GDP growth surged as immigration surged. Real GDP Growth = Population Growth + Productivity Growth Debt has gone up because demands for entit… (View Post)1 -
Re: what would have happened if the us had stayed on the gold standard
Of course....the adjustment burden fell on wages/prices/labor rather than dispersed throught the whole chain of production, the currency, or inflation rates. Since prices/wages are sticky to the down… (View Post)1 -
Re: Are gold coins being melted in quantity?
Roger Burdette's Saint-Gaudens book details some of the cases. One gent tried to get $5,000 in gold from JP Morgan Bank and they took it back. Others sent gold overseas (Abe Kosoff's firm) and were f… (View Post)1