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Entry: The Ron Paul Revolution Link: http://www.takimag.com/site/article/the_ron_paul_revolution#8682 Post contents: Sid sez: "In fact, if you had gone to work in 1870, and retired in 1911, you could have bought more for your dollar. In other words, there was a general deflation without wages going down. Why? The Gold Standard. We all know what happened to your dollar if you went to work in 1965 and just retired today." Oh horse poop! The people supporting the Gold Standard were the people who financed the Civil War. The people who always profit the most from War are the finance capitalists. Simply, they wanted to increase the value of their debt-holdings with deflation. Inflation always benefit’s the debtor because you are paying back your loan with dollars that are worth less. No, as usual, you’ve got it backwards---if you were working for wages, your wages were worth relatively MORE in an inflation. But ultimately, you’re just shouting into the bottom of the garbage can with all this nonsense about bringing back the Gold Standard. Today’s finance capitalism LIKES the FED, Greenspan ran it for the benefit of the wealthy. The “Chicago School” rules, the “Austrian School” is for the nut cases. Look Silly, the only real store of value are ASSETS, not Gold. The definition of an asset is something whichi pays you an income. If you own farmland or rental properties or strategically situation businesses like a McDonald’s fast food resturant--that’s an asset. Gold doesn’t pay you an income. Which brings us back to the point I made before---the people who supported “sound money” after the Civil War were the banks holding the debt. As usual Sid, your arguments are always defense of plutocracy. Sent at: 2008 08 30