Monday, March 9, 2009

Sign of the Apocalypse, II


Okay, Georgia Legislators attempting to bring back the gold standard? Unbelievable. Biz Chron subscribers can learn more here. What is wrong with these guys (1, 2)? Do they have nothing better to focus their energy on?

1 comment:

Karen Russell said...

Not to get all historical on you, but Peter Temin demonstrated rather conclusively that international adherence to the gold standard after WWI was a major contributing factor to the Great Depression. Here's a link: http://books.google.com/books?id=squLnSDrJ4EC&dq=peter+temin+great+depression&printsec=frontcover&source=bl&ots=3Sr9QXyjZd&sig=hm64BqyKKU6Xz0wspI4ryMrVojY&hl=en&ei=Jqi1SYiyLtSPmQfQmbDWBQ&sa=X&oi=book_result&resnum=6&ct=result

Hey -- I have a better idea: since we're getting all nostalgic for the Old World, let's just return to the British empire and let them handle it.