[OT] Ameros will clog the tubes - was Re: Network Neutrality

[Andy Bradford]

Thus said Michael Torrie on Thu, 04 Dec 2008 13:14:06 MST:

> Interesting that Libertarians call for  a return to the gold standard,
> which would have the effect of nationalizing the national reserve (not
> necessarily a bad thing) and  require explicit government control over
> the price of gold.

I think you misunderstand what this ``return to gold standard'' issue is
all about.  It's not about  having the  government control the  price of
gold. It's more about letting the market choose what commodity should be
used as money,  and that has been traditionally gold.  If government has
anything to do with it, it would be to define a dollar as a fixed weight
of it.  E.g. $100  has .10  oz of  gold in  it. You  know, kind  of like
Congress  did in  the  Coinage Act  of  1792 (which  by  the way  simply
recognized the already existing standard  of Spanish milled silver coins
that were in circulation).

Andy
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