I'm taking a college course right now, real cool class basically it is a souped up current events class. We write an essay, based on an article, do a 10 question current event quiz. And then all three professors in the class, do a presentation/discussion based on something in the news. Don't even have to take notes from the classes, fun stuff.
Anyone, one of the professors, a Business professor did a presentation on the Fed, generally it was your typical positive presentation about Fed money controlling money supply, mixed in with a little history.
Afterwards I asked him about Ron Paul's idea about legalizing gold as legal tender. He said it would be stupid because the value of that money would fluctuate year by year, making it ineffective as currency. He seemed more receptive to the idea of a Gold Standard because under the Gold standard there would be a set value to provide stability.
I didn't spend too much time asking him about that, I'm not a very confrontational person, nor do I claim to know much about the monetary system.
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