The Fool’s Gold Standard

Having money linked to a Gold Standard is an idea that almost every economist opposes. It is described as the economic equivalent of creationism and a major cause of the Great Depression. It is ignored by policymakers and no country has one anymore. Yet there is some support for it on the internet. It is one of Ron Paul’s main ideas in his campaign for the Presidency and is supported to some extent by Paul Ryan. The Republican platform promises a commission to consider reintroducing it. So what is a Gold Standard and why is it so bad? Continue reading “The Fool’s Gold Standard”

Advertisements

The Disastrous Mr Ryan

Have you ever thought old people have it too easy? That we’re wasting money on the sick? That money should redistributed from them to the super rich? Do you think Mitt Romney and other rich people should only pay 1% in tax? Do you believe we should take from the poor to give to the rich? Have you ever looked at Somalia and thought “that country does well without a government, we should defund ours”? Do you oppose laws that would require men and women to get equal pay for equal work? Do you like pretending to be a deficit hawk while really massively increasing the national debt? If so then you’ll love the Republican Vice Presidential candidate Paul Ryan. Continue reading “The Disastrous Mr Ryan”