did you not read my post? no return to gold standard.

來源: 2012-11-27 21:34:09 [博客] [舊帖] [給我悄悄話] 本文已被閱讀:

You are also ignoring another little detail: during the 1930s, gold was legal tender and belongs to the US government/treasury, and the gold was the monetary base back then. So there was legal basis for nationalise gold.

Today, gold is private property.

I use the term "nationalise" not confistication because that was what happened: gold was taken from private hands at the market price of $22 per ounce.

Confistication implies no compensation.