I'm usually not into trying to play gotcha! on individual points with right-wing ideology, as I find it generally to be a very vapid and bankrupt thing, but I found this point to be especially interesting? isn't a hard currency or gold standard a violation of market principles? why should investors be prohibited from valuing the money-commodity on its own merits, as is the case (or, it is argued, should be the case) with any other commodity?
One can have both a gold standard and floating currency exchange rates, assuming other currencies are not on the gold standard. If we revert to the gold standard, economic ups and downs will become more severe, since there will be fewer tools available to mitigate them.
