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If the U.S. Would Have Remained On Gold

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Jeremiah Dyke posted on Sun, Jul 12 2009 1:07 PM

Have there been any estimates as to the direction of our economy if the U.S. would have stayed committed to gold? I not really interested in the answer of the benefits of gold versus fiat/devalued money, I'm interested to know how far unemployment, prices and productivity would have fallen if we would have remained committed to a gold standard.




Read until you have something to write...Write until you have nothing to write...when you have nothing to write, until you have something to write...Jeremiah 

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Maybe it's impossible to say?

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Top 500 Contributor
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No one can say exactly for sure, but one thing is certain:  We'd be far better off than we are now.

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