constituent
08-24-2007, 03:20 PM
On a gold standard, how large of a problem do you think would be created-in time-through wealth consolidation and individual savings?
is the savings issue only really that big of a deal when gov't need to fund wars or is there historical precendent where in times of peace, savings have caused problems in the money supply leading to economic stagnation?
is this why ron paul offers his solution of legalizing competition in currency?
what do you think this type of system would look like? he hasn't really elaborated on this.
would it be a system where one could say, oh... i have 200 tons of steel and 100,000 gallons of fuel and i'll print up certificates entitling individuals to a certain share of the steel or fuel on demand?
and who would regulate this sort of system to ensure that entities do actually have their certificates backed up w/ real goods?
is the savings issue only really that big of a deal when gov't need to fund wars or is there historical precendent where in times of peace, savings have caused problems in the money supply leading to economic stagnation?
is this why ron paul offers his solution of legalizing competition in currency?
what do you think this type of system would look like? he hasn't really elaborated on this.
would it be a system where one could say, oh... i have 200 tons of steel and 100,000 gallons of fuel and i'll print up certificates entitling individuals to a certain share of the steel or fuel on demand?
and who would regulate this sort of system to ensure that entities do actually have their certificates backed up w/ real goods?