Yes/No to the return of the Gold standard?

[DSpencer]

Re: Yes/No to the return of the Gold standard?

Sishya -- I don't think that our biggest problem is the quantity of money. Rather it is the quantity of debt.

I think there is at least a chance you will change your mind in the future.

Does anyone with a better grasp of history know about the monetary systems of countries that have experienced high/hyperinflation in the past? Argentina, Weimar Republic, Zimbabwe, Hungary etc? Were they debt based?

Debt based money is unacceptable, but not the only problem in my opinion.

[ThePythonicCow]

Re: Yes/No to the return of the Gold standard?

I think there is at least a chance you will change your mind in the future.

Hyperinflation of the Dollar (which is what I think you are alluding to) is possible, but (a) hasn't happened yet, and (b) is not likely to happen, in the view of most of us here on iTulip.

Yes, debt played a key role in the monetary failures of most or all of the countries you name (I'm unsure of Zimbabwe).

My bottom line would be this: The primary problem we have now is a monetary system in which all money is generated by bank lending. We certainly do not now have a hyperinflation problem. Such monetary systems are unstable, accruing increasing wealth to the money center banks and those controlling them. Even if we did hyper-inflate the Dollar at some point, I'd still hold that the primary problem was such a monetary system and that hyperinflation was just the immediate cause of death.