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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.