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Entry: Ron Paul: It's Payback Time Link: http://www.takimag.com/site/article/ron_paul_its_payback_time#11206 Post contents: Andrew Capp wrote: "THAT is the gold standard, boiled down. Currency is a natural product of civilization, and it is not to be manufactured out of thin air, something a gold standard prevents - mining gold is hard work." Look, gold didn't grow with the economy, and it's entire history was a series of depressions, followed by bubble booms, followed by busts. With tragic consequenses. Look Friedman got the Noble for poroving that depressions were caused by contractions in the money supply, gold included. Ron Paul and all you so-called "libertarians" are out of this wolrd when you rant on about the gold standard. We don't need to crucify the nation on a cross of gold again to prove that the gold standard is a utopian fantasy, as is the "free makret". Sent at: 2008 05 15