Reply To: Why is gold falling?


And a follow up statement by another kenysian….

“Obviously gold is subject to speculation, just like any other commodity – a big hole in the theory of those supporting GS. But I think the main reason the gold standard is such a fail is because it automatically hamstrings a nation’s economy. You are placing a cap on how much money can be in your system due to the scarcity, which limits the rate of growth of the economy.”