> What I find really funny when I hear Ron Paul or somebody advocate a return to the gold standard and the abolition of the Federal Reserve is that they're really arguing for handing over monetary policy to the mining industry!
Not really, mining industry still can produce only fixed amount of gold, while central bankers can potentially print infinite amount of paper money.
Not really, mining industry still can produce only fixed amount of gold, while central bankers can potentially print infinite amount of paper money.
(I'm not advocate of gold standard)