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The Russians Are Coming, The Russians Are Coming!
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<blockquote data-quote="vantexan" data-source="post: 5242573" data-attributes="member: 24302"><p>Getting rid of the gold standard allowed deficit spending and printing money to cover it. With a strong economy that can be covered. With a weak economy the temptation is there to print your way out of it as well as expand government with ever more spending to keep the masses happy. Exactly where we're at now and our high inflation is the result. I worked hard for a long time to get a pension. Now my pension which wasn't a lot to begin with is worth a good deal less. My father is seeing his savings being eaten up by higher costs. He's 83 and may have nothing but Social Security if he lives into his 90's. You constantly want government to do this or that for you. There are real world consequences for doing so.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5242573, member: 24302"] Getting rid of the gold standard allowed deficit spending and printing money to cover it. With a strong economy that can be covered. With a weak economy the temptation is there to print your way out of it as well as expand government with ever more spending to keep the masses happy. Exactly where we're at now and our high inflation is the result. I worked hard for a long time to get a pension. Now my pension which wasn't a lot to begin with is worth a good deal less. My father is seeing his savings being eaten up by higher costs. He's 83 and may have nothing but Social Security if he lives into his 90's. You constantly want government to do this or that for you. There are real world consequences for doing so. [/QUOTE]
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