[lbo-talk] Goldbugs

[John Thornton]

Sandy Harris wrote:
> Chris Doss <lookoverhere1 at yahoo.com> wrote:
>
>   
>> Can somebody explain to me how this theory/ideology works?
>> I know the idea is that currency should be tied to something
>> physical and tangible -- but why? And why gold of all things?
>>     
>
> It prevents governments from just printing and spending money,
> the real cause of inflation. The US dollar was originally about
> an ounce of silver. Last I looked, silver was over $10/ounce.

The "real" cause of inflation?
It prevents Govts. from spending anything?
Chris, I think this is the answer you're looking for straight from a 
gold bug.

John Thornton