Why can't they just pick their nose like they usually do
Somebody misses William McKinley...and they are writing the GOP Platform:
The Republican Party is set to call for the creation of a commission to
look at restoring a link between the U.S. dollar and gold severed 40
years ago, the Financial Times reported on its website Thursday.
Since the government has virtually no gold left, going back onto the gold standard means that the money supply would shrink to below levels last seen, maybe, in the early 20th century.
Net result? Utter chaos. And a depression of a magnitude we've never seen.
And as odd as it sounds, I think that's exactly what these idiots want.
Some time ago I was reading this book and came across a short paragraph about Nixon and the Gold Standard in 1971.* Faced with the rising costs and debts from the still on-going war in Vietnam "Tricky" was faced with raising taxes. His way out of the horror of a Rethuglican having to raise taxes to actually PAY for our wars was to dump Bretton Woods.
So now, we see a Rethuglcian Party that refused to pay for its wars by going off the Gold Standard, with the same Rethuglican Party still refusing to pay for its wars and wanting to get back on it.
It's really hard trying to understand conservatives.
* I think the book was "Nixon and Kissinger", by Robert Dallek.
Rising Hegemon
3 comments:
Since the government has virtually no gold left, going back onto the gold standard means that the money supply would shrink to below levels last seen, maybe, in the early 20th century.
Net result? Utter chaos. And a depression of a magnitude we've never seen.
And as odd as it sounds, I think that's exactly what these idiots want.
Some time ago I was reading this book and came across a short paragraph about Nixon and the Gold Standard in 1971.* Faced with the rising costs and debts from the still on-going war in Vietnam "Tricky" was faced with raising taxes. His way out of the horror of a Rethuglican having to raise taxes to actually PAY for our wars was to dump Bretton Woods.
So now, we see a Rethuglcian Party that refused to pay for its wars by going off the Gold Standard, with the same Rethuglican Party still refusing to pay for its wars and wanting to get back on it.
It's really hard trying to understand conservatives.
* I think the book was "Nixon and Kissinger", by Robert Dallek.
truthiness wins, truthiness wins.
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