There were about one crisis every seven years

in the 19th centuary, which most of the time under gold standard. Boom bust is just human nature.

Wall street was the gold standard protector before world war II, it was Roosevelt who fought with Wall street to devalue the dollar. Goverment has much higher appetite for inflation than the wealthy population in a society because they always want to expand. Wealthy people want to preserve their wealth and are generally opposed to inflation.

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• I wonder where you get the facts. ~:~ -daysofreckoning- ♂ (184 bytes) () 03/03/2009 postreply 21:08:05

• The first facts are from wiki, gold standard is no cure for -729418- ♀ (135 bytes) () 03/04/2009 postreply 07:18:39

• Got to read in detail. Gold standard does not cure -daysofreckoning- ♂ (194 bytes) () 03/04/2009 postreply 10:07:35

• By the way, not all speculations are bad, it can speed up -729418- ♀ (183 bytes) () 03/04/2009 postreply 10:26:41