Posted 11/29/2012 20:21 (#2723988 - in reply to #2723293) Subject: it would spoil all their fun and manipulation
LOL. You are right on the mark there.
So much wrong with what he says hardly know where to begin.
Typical Fedspeak. Confuse them with something that sounds reasonable to the uninformed by stating something as being the accepted truth when it is not even a consideration.
The gold standard never claims price stability. Quite the contrary, prices adjust to the money supply under a stable money supply system, so actually quite the opposite. So he claims the gold standard a failure at something it isn't even supposed to be able or claim to do. It is like drinking a glass of apple juice and saying it is the worst orange juice he has ever tasted. Unbelievable he is either that uninformed or thinks we are that gullible. Disgusting.
When I hear gibberish like that from someone in his position I always have to wonder, is he REALLY that stupid or does he just expect US to be that stupid that we would believe such crap.