hhmmmmmm. but didn't the gold standard help drive us into a depression because the gov couldn't print money to help the deflation that caused the depression?
so now I am torn. I want the law so as to help bitcoin... but dont want the law because any economist will tell you that the gold standard hurts economies.
in school they teach that it had to do with people buying things on credit/margin if you are talking about investments. then being unable to pay, thus banks collapse, no FDIC, then more people loose money.