Why Business Fears The Gold standard

[Atheist-Lite]

http://www.businessinsider.com/why-the- ... art-2012-9

Basically prices for commoditys, especially life essential ones like the milk in your fridge, will go down and fluctuate accurately according to the real world supply and demand parameters of the milk itself. This appearance of instablity is because the amount of gold in a region is generally fixed by material limits. So even if you think the dollar is a good idea, hyperinflation because you are bouncing two variables at one another then it ain't. The loss of the dollar as a reserve fiat currency will be good for most Americans and the global economy. The transition to realism will be a mess, misery for the slow and joy for the quick, but reality is best served by placing a fixed material limit on a fiat currency. Thus gold.

[JimC]

All that is gold does not glitter, and not all those who wander are lost...

[Tyrannical]

Banks would hate it, no more fractional reserve lending. Meaning they can't lend what they don't have.

[Atheist-Lite]

Banks would hate it, no more fractional reserve lending. Meaning they can't lend what they don't have.

That is before hyper-inflation brings terror to their greedy little hearts.