“In many ways, the worst outcome would be some watered down, pseudo-gold standard under the management of the Fed. If the crisis then persisted, which it would, the easy-money advocates would blame everything on the ‘gold standard’ tying the hands of ‘our saviour, the central bank’. This is also a problem for a Romney-win in general, which is unlikely to bring the pro-market changes America needs although his policies will be branded ‘free market’ by the statist media. If Obama remains in office, at least nobody will call his program ‘capitalism’.”
Related posts:
Peter Schiff: The Golden Cycle
Portugal May Become the First of Europe’s Bankrupt Welfare States to Recover: Less Spending AND Lowe...
"Why does Anyone in this City Need a Gun?"
What happened in West, Texas?
Marijuana Prohibition Going Up in Smoke? High Hopes for a Drug War Peace Dividend
DetroitCoin: Why we should make Detroit into a Bitcoin Hub
Why Bitcoin is poised to break out to all-time highs
Peter Schiff: Cyprus Lifts the Curtain
Preparing for the upcoming federal confrontation on legalized marijuana
Like Ted Cruz, Canadians had nothing against the United States, until now
Bill Bonner: Civilization Versus Barbarism
Jacob Hornberger: The Big Obstacle to Peace in Korea
U.S. Government Helps the Muslim Brotherhood's War on Egyptian Women
State Department: “We cannot make India look at you as an American”
Investors (Suckers) Say They Have Things Under Control