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View Diary: Who do YOU need to support for 2008? The Republican, Ron Paul! (63 comments)

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  •  The Gold Standard Did Not Cause the Great Depress (1+ / 0-)
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    InquisitiveRaven

    It was the artificially pumped up money supply that led to overinvestment and speculation, and the resultant re-tightening of the money supply that caused the Depression.

    I'm not an advocate of the Gold Standard but, in theory, you would not have such wild swings in the economy under such a standard.  That is the advantage of tying your money to Gold.

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