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06-11-2018, 04:03 AM #28
Uuuuh, the gold standard doesn't apply to the government, it applies to the Federal Reserve which is a private business, FYI, and the value of the US dollar, not national debt.
jtdc wrote:
We had runs on banks because they had more money on paper than they had in reserve. What happened? The Great Depression! If you go the the bank to buy something and they can't give you your money, you aren't happy.
LOL!!! I knew that simple question would be a winner. Ooh boy.
jtdc wrote:
You see income tax as evil, I see inflation as evil!Last edited by Judy; 06-11-2018 at 04:12 AM.
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