Blog Post Date: Oct 17, 2005

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Going back to the gold standard - philosophical question YO

In my fit of non-sleeping last night as I had way too much on my mind, I thought of the following interesting question for PF bloggers, economics bloggers and legal bloggers:

What if the U.S. and Canada was mandated to go back to the Gold Standard as it was decades ago. What if the we had to peg our currency against gold, platinum or some other valuable commodity?

How would that work?

With so much inflated money floating around the world and in our economy, would it be possible to go back to the gold standard for the U.S. dollar and the Canadian Dollar

What economic impact would this have?
What social impact would there be?

By Monty Loree - Financial Maturity blog - Topic - Gold Standard, U.S. Dollar, Canadian Dollar, economic and social impact.

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