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Classic economic policy discussion about the "gold standard".

Debate Information

The gold standard is an economic policy in which all forms of currency (coins/paper money) is backed by an equivalent amount of gold in a national bank. The currency system in the US is not backed gold. In fact, it's not backed by anything. Even though I am a proponent of Laissez faire capitalism and (American!!!) libertarianism, I do not have sympathy for calls for returning to the gold standard.   



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