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View Diary: OK, *NOW* the Platinum Coin Won't Work, Thanks to Idiots, Cowards, or Knaves (99 comments)

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  •  Re (0+ / 0-)
    virtually at gunpoint in 1933, and paid folks 60 cents on the dollar for it.  He did it to boost the economy because the gold standard was strangling it.
    And this behavior is something to emulate? I would consider it to be arguable that this behavior was a crime.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Mon Jan 14, 2013 at 12:53:26 AM PST

    [ Parent ]

    •  I haven't seen evidence (0+ / 0-)

      that anyone even sued over it, to my surprise.

      Orly, it isn't evidence just because you downloaded it from the internet.

      by 6412093 on Mon Jan 14, 2013 at 09:43:13 AM PST

      [ Parent ]

      •  Cases & Gold (0+ / 0-)

        Perry v US was the main Gold Clause case, there were a few others that made it to the Supreme Court. There was a guy in NY who didn't turn in his gold. He was prosecuted, but I don't think anything much happened to him, except that he was forced to sell his gold.

        Sparhawk:
        Sure, popular possession of gold is not intrinsically bad. But a good argument can be made that popular possession of plutonium is. And on planet Earth, too many people have been driven mad by the shinyness of Gold, to have utterly illogical and insane ideas about economics, causing colossal human suffering.

        Hey, we don't have a gold standard anymore in any respect. But simultaneously with Nixon's removal of the last vestige, the stupidest people on earth, the mainstream "economists" took over academia from the Keynesians, who basically had things right. And now the idiots' theories -  based on a nonexistent gold standard - wreak enormous havoc worldwide.  

        Gold induced psychosis has killed many more than plutonium has.

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