Questions to Blayne and Larry

2008-2-26 06:02:00

It appears that you think we should be on the gold standard. Exactly what do you mean by the gold standard?

Does this mean each dollar is backed up by a dollar's worth of gold or is the money fractionalized so one dollar's worth of gold backs up a number of dollars.

If this is your belief what ratio do you support?

What if we lived in a land where there was no gold or precious commodity that would be practical to use to back up money?

Would you support fiat money in this case?

If not what would you support?