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[–] Elcycs 0 points 1 point (+1|-0) ago 

Claims that a gold standard has problems. Proceeds to list (as problems) the things that make it a good idea. This guy is on crack.

but it would be a world with limited debt-based consumption, i.e. a world with little “growth.” And without “growth,” the system implodes

No it doesn't. I guess he forgot what he typed earlier:

President Nixon’s ending of the U.S. dollar’s gold standard in 1971

Worked just fine until then.

No–because in a fractional reserve banking system, this new money is lent into existence for the term of the loan, and disappears when the loan is paid off.

Don't do that. No one should be able to loan what they don't have and charge people for the privilege of borrowing something that doesn't exist.

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[–] vastrightwing [S] ago 

I agree with you.

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[–] Iamnotarobot01 0 points 2 points (+2|-0) ago 

People making false arguments are always restricted to the realm of "what would happen", or "what will happen",. They always seem to know the future, and it is always grim unless their least logical and rational course is taken.

That way, no matter how bad things are because of the current system ( i.e. fractional reserve banking based on nothing ) it will always be worse if it was changed back to the most simple and logical way.

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[–] vastrightwing [S] ago 

How true. Global warming.... climate change, immigration, war, whatever meme du jour.