Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mentioned at congressional hearing.
by
marcus_of_augustus
on 17/09/2011, 19:38:08 UTC

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.

The bill is NOT for a gold standard, it is to repeal the legal tender laws that give fiat Federal Reserve bankster notes a monopoly over the money supply.

Monopolies are bad things; centralised, monopolised fiat monies are bad things on steroids spawning epic fails in every direction.