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MK6
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MK6 asked in Politics & GovernmentLaw & Ethics · 2 decades ago

Should the US monetary system be based on the Gold standard?

3 Answers

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  • Anonymous
    2 decades ago
    Favorite Answer

    No, that led to all kinds of perversions of market forces in the past. Liquidity is also an issue.

    If it ain't broke, don't fix it.

  • Anonymous
    2 decades ago

    Nixon took us off the silver standard in 1972, I do believe that is one of the reasons that our economy has been so votile since then. I think the gold standard is a good idea to stabalize the dollar and therefore stabalize the economy.

  • ron_zed
    2 decades ago

    bling bling badabing!!

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