After reading it (and several other related arcitles), this appears to be an "end the fed" tactic; I doubt we would wind up with 300 million currencies, or even more than a few, because the infrastructure isn't there for a lot of companies to produce it, and the populace at large wouldn't accept it in general.
His point of view seems to be that gold, being a limited commodity, would not be subject to inflation and if you have 2 prices listed for goods, where 1 is in gold/silver, and the other in FRN, that as the fed prints more money, the FRN price would go up due to inflation where the gold/silver price would stay the same. Slowly, people would abandon the FRN in favor of gold/silver.
I personally have no idea if that would actually happen or not. However, I doubt to a large degree that as President he could get that through the Congress without a large amount of tempering, like a lot of his ideas. I think that, properly tempered, they could be good for the country, and I think the Congress and the Courts would provide that tempering. I think that at the very least it would be much better than leaving things as they are now.
I do wonder how much he would exercise the veto power against the Congress.
His point of view seems to be that gold, being a limited commodity, would not be subject to inflation and if you have 2 prices listed for goods, where 1 is in gold/silver, and the other in FRN, that as the fed prints more money, the FRN price would go up due to inflation where the gold/silver price would stay the same. Slowly, people would abandon the FRN in favor of gold/silver.
I personally have no idea if that would actually happen or not. However, I doubt to a large degree that as President he could get that through the Congress without a large amount of tempering, like a lot of his ideas. I think that, properly tempered, they could be good for the country, and I think the Congress and the Courts would provide that tempering. I think that at the very least it would be much better than leaving things as they are now.
I do wonder how much he would exercise the veto power against the Congress.
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