European Union Collapse Thread

[GenuineRisk]

Originally Posted by MaTH716

The kid is very educated and well spoken.

Well educated, well-spoken, and doesn't understand a thing about economics. But I can believe he aligns himself with the Tea Party, as the Koch Brothers would love to see the US back on the gold standard, as the only people who would benefit from it would be the ultra-rich. The rest of us would be driven even further in debt than we are now.

Here are two reasonably decent articles on the problems with the gold standard:

http://www.alternet.org/teaparty/149...andard/?page=1

A little long, but good.

http://www.slate.com/articles/busine...gold_rush.html

Shorter article about what would happen if we returned to the gold standard.

The Fed becomes an easy villain, but it was instituted to deal with the financial panics created by 19th century moguls' attempts to corner the market.

In fact, if this kid got his way on economics, the Wall Streeters he's protesting would have even more power than they do now.