Reply #22: Any Data To Support That Conclusion? [View All]

[ProfessorGAC]

Didn't think so. It's just not economically sound to suggest that the form of currency used in the commodity transactions will negatively affect a macroeconomy.

When the dollar surpassed the pound in the early to mid-20th century as the currency of international commerce, the British economy didn't collapse. And they've NEVER had enough gold to back the total value of their currency.

You should make it clear that this is YOUR OPINION and you just don't like naysayers, like me, suggesting that your opinion might be incorrect.

BTW: Your scenario is exactly what the PNAC and AEI economists think, so you can decide if you're in good company or not.
The Professor